Tuesday, July 28, 2015

Turkish technology firm boss distributes $27 million to employees after sale...

The sale of a company is usually bad news for its employees, but that wasn’t the case for Yemeksepeti.com, the leading Turkish firm in online food ordering, as more than 100 of its employees were given bonuses totaling $27 million following the company’s sale last May for $589 million, the firm’s CEO, Nevzat Aydın, has said.

“We have shared $27 million of the money we earned with our 114 employees,” Aydın told daily Hürriyet.
Delivery Hero, the German-based online food ordering giant, acquired Yemeksepeti for $589 million on May 5.

Yemeksepeti CEO Aydın remained in his post, as he also became part of the management team of Delivery Hero.

Aydın said they had set a “bad example” for other bosses by sharing the money with their employees.

“They will hate us, but this is the case,” he said. “Although we did not have any liabilities or promises, we shared $27 million of the money we got from the sale of the company with the employees, out of our own share and by also paying the taxes.” Full story...

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