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IN THE CORPORATE generosity stakes, Turkish entrepreneur Nevzat Aydin just raised the bar a few notches.
The CEO of online food ordering service Yemeksepeti has handed his employees bonuses worth $27 million (€24.6 million) after selling his company for a huge sum to a German rival.
In May, four-year-old food delivery startup Delivery Hero took over the Turkish outfit for $589 million (€537 million at today’s rates) – the biggest deal to date in the sector.
This week Aydin told the Hurriyet newspaper he was setting a “bad example” for other bosses by sharing some of the windfall with 114 of the company’s workers – an average of about $237,000 (€216,000) apiece.
“We did this because if there is a success, we have accomplished it altogether,” he said.
Some employees cried, some screamed, some wrote letters of thanks … there were emotions, because you affect the lives of the people. People can buy homes, cars.”
It pays to wait
Yemeksepeti’s workers were generally paid between $1,000 and $2,000 per month, which meant the bonuses were worth several times their annual salaries.
It made the offer to all employees who had been with the company for over two years despite being under no obligation as part of its agreements.
Individual bonuses were decided based on their length of service and “future potential in the company”, Aydin told CNN Money.
The CEO will continue running Yemeksepeti and will also join the board of Delivery Hero. The German startup is the main European rival to UK-based Just Eat, which has a market value of over £3 billion (€4.3 billion) on the London Stock Exchange.
Aydin said if he had waited another year to sell the value of the deal would have been even higher.
“The $589 million paid is big, but what matters is to be able to reject offers of $300 million, $500 million, to wait for the right price,” he said.
You must know to say ‘no,’ you should not be afraid. The offer came up from $3 million to $589 million in 15 years.”
Weekly Islamic terror attacks which target Western nations and Christian communities in the Arab world. Thank your local multi cult liberal. They were warned time and time again, but nope they wouldn’t listen. They always have and will continue to stick their fingers in their ears, and scream racist at any opposition to the open border liberal agenda.
Was only thinking this yesterday but does Grafton street even have any bollards to prevent a truck from mowing down pedestrians? From my knowledge I don’t think it does. I know the threat level here is not likely but it wouldn’t hurt to put something in place.
@Greg Cavey:
That would need some forward thinking on behalf of our politicians etc, they are not exactly known for that in fairness.
Both Grafton and Henry St have easy access from main roads with heavy traffic, no bollards as far as I’m aware either, a disaster waiting to happen.
@CatManDo: all religion poisons the minds of mankind.
@Greg Cavey: people over here were convinced the threat was almost non existent up til friday.
I think he should do life in Uzbekistan not Sweden. Swedish jail would be too nice for him.
@Catmando…Well said Cat, accurate and perfectly captures the reality. These guys will look back in years to come and wonder just why it was so easy take over Europe.
Then they will recall actually being invited in…in their droves…
Someone needs to asked the Swedish Police why was the terrorist not detained and deported when his residency application was rejected in the first place.
The knife Jihad that occurred in an IKEA store in Sweden 2015, well that terrorist faced deportation too.
@Lepanto: Not the polices fault. Fault lies with the govt. The policy is to tell people they are being deported weeks before they are! So most run away (well duh) when the police arrive on the date set by migration, they are long gone. head of Migration has a lot to answer for. Same idiot who let I thousands of people unchecked 2 years ago.
@iMoan Brutal: yeah I think a late night raid would be a better job and the satisfaction of ripping the Tossers from they’re beds and landing them
On the next plane to whatever dive they came from.
Go dtachtóidh an diabhal é.
Perhaps it’s harse but anyone on a police watch list for Jahadi sympathies….Who is a asylum seeker and not a EU citizen should be deported immediately…..France has several thousand such peoole they should all be deported…If needed their home muslim countries should be paid to take them back….
Trump is a genius with very special foresight. Didn’t he say a month or so back “did you see what happened in Sweden last night”?
have your say