Aker boss is Oslo’s best paid

Øyvind Eriksen has been working for the past 10 years as chief executive of Aker, Norwegian industrialist Kjell Inge Røkke’s stocklisted investment firm. That’s also made him the best paid CEO of all companies on the Oslo Stock Exchange, reports newspaper Dagens Næringsliv (DN). Eriksen, age 54, received executive pay equal to NOK 17.3 million […]

‘Real’ pay raises avert major strike

Trade union boss Hans-Christian Gabrielsen was claiming “one of the best settlements we’ve had for many, many years” on Monday, after employers’ organization NHO finally agreed to wage hikes of 3.2 percent after 14 hours of negotiations in overtime. The raise comes, though, at a time when executives at NHO member companies are raking in […]

High executive pay stirs up protests

It now only takes 21 work days for top executives in Norway to earn what’s considered to be the country’s average full-year salary of NOK 524,600 (USD 68,000). New figures outlining pay and benefits for the chief executives of Norway’s major companies show a widening gap that’s provoking some politicians and labour union leaders. A […]

Statoil boss gets a big raise

Eldar Sætre, chief executive of Statoil, was planning to retire when he turns 62 in February. Now Statoil’s board has offered to give him a big pay raise and a huge increase in retirement benefits if he’ll stay on. Sætre reportedly is now motivated to do so. “Eldar has done a very impressive job,” Statoil’s […]

Aker Solutions rewards executives

Aker Solutions is the latest Norwegian company to release financial reports that reveal what their own executives earn. Employee representatives had trouble accepting how the oil service firm’s chief executive could receive a 50 percent increase in his total compensation last year at a time when around 5,000 employees have lost their jobs, and those remaining have endured […]