If there is something that pay for a top executive, so is it to kick people out of a company. At least when it comes to Novo Nordisk.
Ceo Lars Fruergaard Jørgensen can thus note a lønhop of ten million, which brings him up to an annual salary last year of 41.3 million against 31,8 a year before.
It is stated in the company’s annual report.
This is equivalent in round numbers to an hourly rate of 21.466 dollars, if he keeps a regular work week.
in turn, has topchefen parting with 1300 employees worldwide, according the same annual report.
Anders Drejer, professor of management, Aalborg University, has previously defended, that executives must have a high salary. But he has difficulty to see the logic with as massive a wage increase that brings Lars Fruergaard Jørgensen up as one of the best paid in the country:
– It is hard to explain. It does not hang together. The biggest paradigm shift in 2018 was with Danske Bank, where people said that enough is enough. Earlier I thought, that the executive directors had earned their salary, but now can not I explain it anymore. And if I can’t, I would like to have an explanation on it. he says.
He points at the same time, it is out of the money can be expensive to pay a man so high a salary:
– It is something that society is aware of, and it is something that, for example, Extra Magazine writes about. You may well consider whether it is simply becoming too expensive paid – he certainly has no use for the extra money, says Anders Case.
however, It is not only Lars Fruergaard Jørgensen, who has taken a solid jump up the lønstigen. Overall, the executive board has gone from an annual salary of 122,5 million dollars to 182,4 million dollars.
When Lars Rebien Sørensen was ceo of Novo Nordisk, he had an annual salary of 22.7 million dollars in 2016.
And he was named the world’s best top manager, notes Anders Case.
Lars Rebien stopped by the end of 2016, and as a thank you for the help he got 65,7 million with him out the door.
