LO top reacts to executive salaries – E24

LO deputy leader Steinar Krogstad reacts to the fact that the managers of the largest companies in Norway receive tens of millions a year in salary. He calls the salary level perverse.

– Straight away, I would say that the salary level is perverse, says Krogstad to Klassekampen.

He reacts to how much top managers in Norwegian business earned in 2023.

The CEO of Orkla, Nils K. Selte, received 25.4 million in salary and other allowances, while Øyvind Eriksen in the industrial giant Aker received a whopping 34 million. The newspaper also mentions several top managers with a salary of between NOK 15 and 20 million.

– It increases year by year. There is nothing to indicate that this will end or reach a level where it is said that this is where it should lie. It seems more like if it goes, it goes. If you look internationally, there are no limits to this either, says Krogstad.

Here you can read articles about some of the executive salaries E24 has discussed recently: