Shaken by executive pay



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It got really hot when executive salaries became a topic during today’s throne debate.

Among other things, Erna Solberg told the Storting that her government was “quite Nazi” in its view of executive salaries.

Trygve Slagsvold Vedum thought it was a relatively unorthodox use of terms by a prime minister in the Storting.

– Let me put it this way: being a Nazi in Bergen is a completely normal expression of being strict. If it is unusual for Easterners to hear this, then I think any Bergen resident can confirm that being a Nazi is being strict, the prime minister told Dagbladet shortly after the debate.

In particular, the topic was the executive salary of Vy’s director, Gry Blakstad. Blakstad may end up earning 5.5 million a year, something for which SP leader Vedum chided Solberg.

Striking: - People react

Striking: – People react

Shaken hareide

Erna Solberg’s Minister for Transport and Communications, Knut Arild Hareide (KrF), also admits that he was also moved by the salary level of Vy’s director when he became Minister of State.

– Vy’s boss’s salary was through the roof. It is the board that decides the salary, but I had a meeting with them to tell them that the proposed salary level was not relevant, he tells Dagbladet.

– Did you know what Vy’s boss earned when you became Minister of Transport?

– No, I didn’t do that. Therefore, I immediately thought that we had to reduce that salary level. This government has great knowledge of executive salary.

Hareide thus obtained support for the Vy chief’s salary to be reduced by 20 percent compared to the NSB chief’s salary when Vedum and the Center Party were in government.

5.5 million a year is a reduction of 20% in pure crowns compared to the salary of the head of the NSB in 2013.

– Actually, it is also more than 20 percent, because the value of the crown has weakened today, says Hareide.

There is a word:

There is a word: “hypocrisy”

“Nazi”

Knut Arild Hareide, therefore, is in awe of Vedum’s attack on the government and executive salaries in the public sector.

– I would like to hear what Vedum thinks about the salary of the head of the NSB in 2013 and the way the Center Party handled it when they were in government, he says.

Hareide largely agrees with Erna Solberg’s Nazi plot message, but …

– He probably wouldn’t use the words, which Erna herself likes to say, says Hareide.

– But what he expressed is adequate for what I experience. The clear signal from the government is that executive salaries in the public sector should not exceed salaries, Hareide says.

Bonanza director

Trygve Slagsvold Vedum responds to the KrF Summit by noting that total salaries for top management in Norwegian railways have tripled since 2013.

– It has been a managerial bonanza on the Norwegian railways. 5.5 million is an incredible amount for a director to earn on Vy. He’s too tall, and Hareide is just trying to turn the case in his favor. To talk that things were even worse 15 years ago is a total derailment, Vedum tells Dagbladet.

– But did the head of NSB earn more than the head of Vy when Sp ruled the country?

– The salary was also obviously unheard of at the time. I think we should have had better corporate governance at that time, but I have only been the party leader since 2014. And it is now, in 2020, that employee salary and pension conditions are under pressure at the same time that directors have tripled their wages. The Center Party cannot accept that, he says.

– Forbanna

Many have reacted to Vy’s boss’s salary level.

– The example with Vy pissed me off quite a bit, said Masud Gharahkhani (Labor) to Frifagbevegelse.no.

– Last week I met striking bus drivers with a starting salary of 340,000 kroner. At the same time they have lost purchasing power, we have directors making up to NOK 3 million in state-owned companies, and year after year they are earning salaries, he added.

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