Turkish CEO Shares $27 Million With His Employees After Selling Company

Nevzat Aydin recently sold his company, the highly popular food delivery service Yemeksepeti, to Germany’s Delivery Hero for $589 million.

Instead of splashing the cash on Moët and yachts, he paid out $27 million in bonuses for his staff of 114 employees, calculated per capita based performance, how long they had worked at the firm, and their future potential in the company.”

The average payout per person is just under $250k – about 150 times a worker’s $1000 to $2000 monthly salary.

“Yemeksepeti’s success story did not happen overnight and many people participated in this journey with their hard work and talent,” says Aydin about the decision. “I believe in team work and I believe success is much more enjoyable and glorious when shared with the rest of the team.”

Though the bonuses represent less than five per cent of the company’s sale profit, the money was paid out from Aydin’s personal share, which is considerably less than the $589 million Delivery Hero paid for Yemeksepeti. It’s also important to consider most CEOs of multi-million companies in North America reward their workforce with an annual all expenses paid night at the movies.

Perhaps most beneficial is that the payout will provide an opportunity for Yemeksepeti’s employees to start their own ventures in a country where investment in tech is just now starting to gain traction.

Gregg Steinhafel, take notes.