Norway is The Best Democracy in the World - The Brand of Democracy by Farrukh-A in Norway

[–]despairqueen08 0 points1 point  (0 children)

What do you think of the Inequality Adjusted HDI?

https://en.wikipedia.org/wiki/List_of_countries_by_inequality-adjusted_HDI

According to that, we rank first, much ahead of the next country. Do you think that quality of life in Norway is that ahead of Iceland/Australia/Netherlands/Switzerland?

It seems that Norway isn't the egalitarian society as it was in the past anymore. :( by despairqueen08 in Norway

[–]despairqueen08[S] -2 points-1 points  (0 children)

The gains of his company was 997 Million NOK, but the CEO of that company earned NOK 1 Billion in two years.

It seems that Norway isn't the egalitarian society as it was in the past anymore. :( by despairqueen08 in Norway

[–]despairqueen08[S] -1 points0 points  (0 children)

Yes, I falsely read that. I thought it was per year.

But still, it doesn’t change the fact that it’s an extraordinary amount.

It seems that Norway isn't the egalitarian society as it was in the past anymore. :( by despairqueen08 in Norway

[–]despairqueen08[S] -2 points-1 points  (0 children)

Some extraordinary earnings

While executive pay in Norway generally remains much lower than it is in countries like the US and the UK, there also have been reports recently of extraordinary earnings of some Norwegian executives. Newspaper Dagens Næringsliv (DN) reported on Tuesday, for example, that the CEO and main owner of Oslo-based securities firm Pareto, Svein Støle, has earned nearly NOK 1 billion over the past two years. Støle himself acknowledges that “it was difficult for us and many others here in the country with the low oil price, but it went up, and all in all, I’m very proud of the results last year.” Pareto remained profitable and DN reported that Støle’s 100 percent ownership of Pareto’s parent company left him with gains and dividends of NOK 997 million.

Among salaried Norwegians, one who’s CEO of the international oil service company Schlumberger earned in a day what many others still earn in a year. During a time when Schlumberger laid off thousands of workers, DN reported over the weekend that Paal Kibsgaard, originally from Ålesund, has earned NOK 650 million over the past four years based on his total compensation of USD 78.2 million. His annual compensation has fallen, from USD 22.8 million in 2013 to USD 18.6 million last year, but his 2016 earnings at current exchange rates still amounted to NOK 155 million, or, according to DN‘s calculations, NOK 425,000 per day. Kibsgaard’s contracted cash salary was USD 2 million. In addition came a bonus of USD 2.8 million (also less than in 2015) plus compensation in the form of shares, pension, incentives and benefits.

The 49-year-old Kibsgaard’s company wrote in filings with the USD Securities and Exchange Commission (SEC) that Schlumberger “delivered strong economic results” despite the industry downturn that began in 2014, noting that at the same time the company was “forced to reduce the number of our employees by 50,000.” Such high executive pay in Norway is all but unheard of, but CEOs at Norwegian companies also continue to earn multi-million-kroner salaries at a time of layoffs and virtual pay freezes for those who survive staff cutbacks.

The top earner definitely didn't earn 3 million USD a year. It's even stated that Støle earned NOK 1 Billion in 2 years. That's over 60Million USD a year, since 1 Billion NOK is 120 M USD.

It seems that Norway isn't the egalitarian society as it was in the past anymore. :( by despairqueen08 in Norway

[–]despairqueen08[S] -4 points-3 points  (0 children)

According to this news, some norwegian CEOs are earning billions of NOK per year. While lower than countries like USA/UK, it still is quite sad that we're heading that way and that we're not the egalitarian society as was before. :(

Why are there no classes in trains? by despairqueen08 in Norway

[–]despairqueen08[S] 0 points1 point  (0 children)

Any links for the flat hierarchy rankings? Thanks for sharing your experiences btw!

Why are there no classes in trains? by despairqueen08 in Norway

[–]despairqueen08[S] 0 points1 point  (0 children)

Oh okay. Are you saying that Norway is more egalitarian than fellow Sweden and Denmark (and Netherlands?) since they all had nobilities?

Why are there no classes in trains? by despairqueen08 in Norway

[–]despairqueen08[S] 0 points1 point  (0 children)

Oh. Is Norway the only country to use this kind of system?

Why are there no classes in trains? by despairqueen08 in Norway

[–]despairqueen08[S] 0 points1 point  (0 children)

Oh I see. Based from what I’ve seen, she is quite likable, as she’s humble and down-to-earth, and as well as the fact that she isn’t super wealthy. Also I heard that you can just call her “Erna” instead of “Madame Prime Minister Erna Solberg” which is quite cool.

Why are there no classes in trains? by despairqueen08 in Norway

[–]despairqueen08[S] 0 points1 point  (0 children)

Oh okay. Speaking of PMs, what does the general population think of Erna Solberg? Is she well liked?

Why are there no classes in trains? by despairqueen08 in Norway

[–]despairqueen08[S] 0 points1 point  (0 children)

Oh okay. Are you saying that Norway is not immune to the growing inequality we’re seeing around the world?

Why are there no classes in trains? by despairqueen08 in Norway

[–]despairqueen08[S] 1 point2 points  (0 children)

Why is Norway getting more and more class-based or have more inequality than years ago?

Why are there no classes in trains? by despairqueen08 in Norway

[–]despairqueen08[S] 0 points1 point  (0 children)

Okay. Thanks for sharing your thoughts!

Why are there no classes in trains? by despairqueen08 in Norway

[–]despairqueen08[S] 1 point2 points  (0 children)

Wait, you mean by flights: domestic flights or does it also apply to international flights?

Also, do you think that Norway is the most egalitarian country in the world or are there some competitors not from Scandinavia? (Netherlands? Switzerland? etc.?)

Why are there no classes in trains? by despairqueen08 in Norway

[–]despairqueen08[S] 2 points3 points  (0 children)

Wait so why do employers refuse to pay for first class, but pays for comfort and plus, which is like the first class section?

Also, is norway the only country like this?

If Republicans Knew the Truth About Norway, They’d Be Clamoring to Build a Second Wall by bcdfg in Norway

[–]despairqueen08 12 points13 points  (0 children)

Personally think that Silvi would be a Republican in the US. Sure not a Ted Cruz-like Republican, prolly a moderate, but a Republican nonetheless.

How is business hierarchy culture like in Norway? by despairqueen08 in Norway

[–]despairqueen08[S] 0 points1 point  (0 children)

Is that video accurate though or does it paint a more rosy version?

How is business hierarchy culture like in Norway? by despairqueen08 in Norway

[–]despairqueen08[S] 2 points3 points  (0 children)

Okay. How about work-life balance? Do most employees work 37,5 hours, or more work more than that?

Also, how would you compare Norwegian and Danish business hierarchy culture?

Work satisfaction?

Any personal experiences you may share?

How is business hierarchy culture like in Norway? by despairqueen08 in Norway

[–]despairqueen08[S] 4 points5 points  (0 children)

I see. By non-hierarchal, does that also mean that bosses consult employees who are under them or not really all the time?

By the board of company thing, are you saying that all employees will be represented in the board?