Not everyone is hit as hard by the expensive times and the historically high electricity prices we have lived with in the past year. The directors of state-owned Statkraft, for example, have earned good money in the past year.
Statkraft CEO Christian Rynning-Tønnesen got paid NOK 7.08 million last year. Then it doesn’t really matter that it costs a little money to keep the home warm and bright.
From the outside, it looks like the easiest job in the world to lead Statkraft in 2022
Rynning-Tønnesen’s basic salary was 6.04 million. Bonus accounted for 808,000 of the reward for leading the company through a year characterized by adventurous income.
The energy giant Statkraft, which is owned by you and me and all of us together, had a brilliant year last year, and delivered a record-breaking result for 2022. Profit after tax for came to NOK 25.6 billion. The company proposes a record dividend of NOK 17.2 billion.
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It is good money for the state. But the management at Statkraft gets a good share of the cake before the community gets its share: the group management received a total of more than NOK 45 million in remuneration. That is up from just over 33 million in 2021.
Some of the increase is due to changes in the management, but it is also clear that the good times for the power producers are doing something to the appetite in the industry – including the part that is owned by the state, i.e. all of us.
The sums that are operated with can cause the blood to fizz. Barbara Flesche, Executive Vice President in charge of Europe, should also be able to afford to pay her electricity bill, both with and without electricity subsidy. She has a basic salary of NOK 3.65 million – and received a bonus of NOK 2.91 million on top of her salary.
Read more comments by Jo Moen Bredeveien
She received 2.2 of those kroner for does not change jobs. Flesche was CEO of Solar Century, which was bought by Statkraft last year. Continuity was so important to Statkraft that the company was willing to give Flesche more than two million kroner to stay.
There are many of us, I would think, who would like to have a little extra money to spend just to stay where we are. But unfortunately we do not work in an industry that has suddenly been able to charge ten and a hundred times better than before for the same product.
In total, Statkraft paid out 7.2 million in bonuses last year alone. “We have done extremely well both in the fourth quarter and the year as a whole,” said Statkraft CEO Rynning-Tønnesen when he presented the figures.
Yes, thank you, we have noticed that on the electricity bill, everyone who lives in Norway.
We are used to them being well paid at the top, also in the state. It’s just the way it has to be, we understand. Then we should rather try to forget that from the outside it looks like the easiest job in the world to lead Statkraft in 2022. The power industry has been able to pluck money from the sky for far too long now. Your money.
This must obviously be rewarded. Plentiful.
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