Georgia Lottery bonuses stir lawmakers into action

Comment #8

Stack47 — Tue, 18 Dec 2007 06:29:53 GMT

Lottery officials say the bonuses are necessary to keep employees focused and motivated,

That is the belief of many companies that offer employees bonuses or profit sharing. Some companies pay their employees less in wages than the industry standard and make up more than the difference in a year end bonus. Sounds good providing the employer made good business decisions but sometimes they don't so there is no bonus.

Offering bonuses is an excellent way to get employees to focus more on the... [ More ]

Comment #7

nanolike — Mon, 17 Dec 2007 12:53:12 GMT

Your points are valid yet ok the $236,500 received by Lottery President Margaret DeFrancisco was a bonus in addition to her regular annual pay, as far as I read.

Lottery officials say the bonuses are necessary to keep employees focused and motivated,

I say they are not necessary and they are only fooling us by making us think they are, they are not necessary!

What is necessary is for the whole lottery corp t get their head out of the money box they have their head up into and think o... [ More ]

Comment #6

Stack47 — Mon, 17 Dec 2007 00:49:54 GMT

If Employees need more money or an incentive then maybe they could let them play the lottery like the rest of us have to do, if they dont win then hey no extra money for you this year

The last time I looked the Georgia Lottery Corporation was in the gaming industry and laws prohibit employees from gambling on the games they run. But even if they did let them play and call it a win bonus, that money would still be deducted from the profits.

As she collects her big fat check of a $236,... [ More ]

Comment #5

Badger — Sun, 16 Dec 2007 16:40:48 GMT

Stack 47 writes : Which is higher, 35% of $2 billion or 27% of $3.4 Billion?

Exactly. I've always blanched when people in business talk in percentages. It doesn't matter what percentage of profit you are making, for example, if that percentage equates to more dollars than a larger percentage would. If you offer someone 50% of $100 or 10% of $1,000, anyone that goes for the former doesn't know basic arithmetic.

Comment #4

nanolike — Sun, 16 Dec 2007 09:52:29 GMT

If Employees need more money or an incentive then maybe they could let them play the lottery like the rest of us have to do, if they dont win then hey no extra money for you this year, hey aint this what the rest of us have to do?

The lottery seems to think this incentive of winning a lottery jackpot is enough for the public. As she collects her big fat check of a $236,500 Miss Lottery President Margaret DeFrancisco whoever she is. What? It isnt enough incentive for their own employee... [ More ]

Comment #3

LckyLary — Sat, 15 Dec 2007 14:11:42 GMT

Do they want privatization or not (they and other States considering it)? Let the free market decide who gets bonuses and what the payout ratios are, just be open and honest with the players and disclose everything, from where every penny of the money goes, what #s are played most or least often, the prize ratios, and how the drawings are conducted.

Comment #2

blackdiamond52 — Sat, 15 Dec 2007 13:06:26 GMT

Just a thought What about sharing some of the bonus with the state employee's, they could use a bonus at the end of a hard working year.

Comment #1

Stack47 — Sat, 15 Dec 2007 06:51:55 GMT

State law requires the lottery to return, in as nearly as practical 35 percent of sales proceeds to education programs. That percentage has been dropping, but lottery officials say the more they give away in prizes, the more tickets they sell.

Which is higher, 35% of $2 billion or 27% of $3.4 Billion?

We hope people will be hired that make good business decisions, Hembree said. In this case, there were bad business decisions made by the board and executive director.

The bonus was... [ More ]

Georgia Lottery bonuses stir lawmakers into action

Lottery Post — Sat, 15 Dec 2007 03:54:55 GMT

The Georgia Lottery board's decision to hand out nearly $3 million in bonuses to employees this year has lawmakers vowing to put new controls on the corporation.

Senate Majority Whip Mitch Seabaugh (R-Sharpsburg) filed legislation Friday that would give lawmakers appointments to the Lottery Corp. board. Currently, the governor appoints the board. His bill, which will be considered during the 2008 session, also would mandate that all Lottery Corp. spending, including employee bonuses, be appro... [ More ]