Mike Tancred exits AOC with full bonus despite redundancy

Following this week’s announcement that controversial Australian Olympic Committee (AOC) Media Director Mike Tancred is to leave the organisation, SkyNews has revealed that he will still receive a $125,000 'retention incentive payment' that was due to be paid after the Tokyo Olympics.

Even though Tancred has been made redundant three years before the opening ceremony of the 2020 Games, AOC Chief Executive Matt Carroll agreed to honour the $125,000 bonus.

The bonus was proposed two years ago by AOC President John Coates.

When added to Tancred's redundancy and leave entitlements, he will walk away with a payout close to $500,000.

Tancred ended his 18-year employment with the Olympic body, in what the AOC presented as a 'corporate restructure'.

Tancred has not worked since April, when he was stood down from all AOC duties over bullying allegations, of which he was cleared by an independent committee.

In June, Tancred admitted using threatening behaviour towards former AOC Chief Executive Fiona De Jong, issuing an apology to her.

Commenting to The Australian on Tancred’s departure, Coates said his former he lost his job due to “one terrible outburst”.

Coates said he was “very sad’’ that Tancred had left the organisation, adding “he was, by his own admission, very silly in the way he responded to Fiona ... but he’s given 18 years of wonderful service to the AOC.

“I am very sorry that he’s been subjected to what he has been for one terrible outburst.”

15th September 2017 - ‘BULLY’ MIKE TANCRED TO LEAVE AUSTRALIAN OLYMPIC COMMITTEE 

1st September 2017 - AUSTRALIAN OLYMPIC COMMITTEE MEDIA DIRECTOR CLEARED OF BULLYING COMPLAINTS 

25th August 2017 - NO CHANGE AT AOC WHILE JOHN COATES REMAINS IN POST 

24th August 2017 - AOC PROMISES TO OVERHAUL INTERNAL CULTURE AFTER DAMNING REVIEW

5th July 2017 - AOC’S MIKE TANCRED GIVEN $125,000 BONUS DESPITE BULLYING ALLEGATIONS

14th June 2017 - MIKE TANCRED APOLOGISES FOR THREATENING FORMER AOC CHIEF EXECUTIVE 

31st May 2017 - AOC MEDIA DIRECTOR MIKE TANCRED CLEARED OF BULLYING 

21st May 2017 - KIM BRENNAN APPOINTED AUSTRALIA’S CHEF DE MISSION FOR 2018 SUMMER YOUTH OLYMPICS

6th May 2017 - JOHN COATES WINS VOTE TO RETAIN AUSTRALIAN OLYMPIC COMMITTEE PRESIDENCY

27th April 2017 - AOC’S MIKE TANCRED STEPS DOWN FOLLOWING BULLYING ALLEGATIONS

24th April 2017 - AUSTRALIAN OLYMPIC COMMITTEE CALLS CRISIS MEETING AFTER THREAT ALLEGATIONS

13th April 2017 - AOC’S ANNUAL REPORT DETAILS $40,000 PAY RISE FOR JOHN COATES

28th March 2017 - FORMER CHIEF EXECUTIVE IN REPORTED DISPUTE WITH AUSTRALIAN OLYMPIC COMMITTEE 

16th March 2017 - MATT CARROLL NAMED NEW AUSTRALIAN OLYMPIC COMMITTEE CHIEF EXECUTIVE

14th February 2017 - AUSTRALIAN OLYMPIC COMMITTEE BLOCKS AUSTRALIAN INSTITUTE OF SPORT FROM TOKYO 2020 PLANNING

12th February 2017 - TOP SPORT ADMINISTRATORS IN PUBLIC DISPUTE AT MELBOURNE ATHLETICS EVENT 

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