Thursday, June 23, 2016

Gjelsten handing out million bonuses to employees – OBI Online

Controversial environmental waste and Kid-sale has led to record results for Bjørn Rune Gjelsten last year. 30 close associates rewarded with an average of three million each in bonus, writes Dagens Næringsliv.

Gjelsten Holding went according to the newspaper last year into a profit of 300 million in the IPO of Kid, which contributed to holding company more than doubled its profits to 587 million before tax.

Even took Gjelsten out NOK 200 million in dividends, while 90 million goes to employees. This means that the bonus payment was doubled from the previous year.

– They have become well accustomed, but they still have a motivation to suggest that they are not satisfied, says Gjelsten said.

among the bonus recipients are his closest associates at headquarters, as well as both senior managers, middle managers and participants in individual projects in the underlying companies.

– What characterizes Gjelsten Holding is a strong continuity among key players. I choose to see the bonus as a combination of a good investment and which contributes to motivation, the investor claims to DN.

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