After he sold the company, he paid his employees 150 months’ salary!

This is an article that reflects the boss's character. It is short, but every sentence touches the heart. It generously praises the "startup hero" Nevzat Aydin. After selling his company, he took out 27 million US dollars as a bonus and distributed it to 114 employees, which is equivalent to 150 months' salary of an ordinary employee. He said: "If I didn't have so many employees to support me, I wouldn't be able to achieve this level of the company. Of course, I want my employees to share my success." What a good boss. After reading this article, quickly put your boss on the fire for a while.

Yemeksepeti is a Turkish food delivery O2O company. Think of it as the Turkish version of Ele.me. Nevzat Aydin is the CEO of this company. He recently sold the company to the German version of Ele.me, Delivery Hero, for $589 million. (There are so many Ele.me in this world~)

Selling a business you founded is not something worth mentioning.

However, after selling his company, Nevzat Aydin took out $27 million as bonuses and distributed them to 114 employees, with each employee receiving an average of $237,000.

You know, most employees only earn 1,000 to 2,000 dollars a month. The one-time bonus Nevzat Aydin gave to employees was equivalent to their 150-month salary, which is equivalent to 12 and a half years of salary in one go!

News reports said that many employees cried on the spot, because as a food delivery worker in Turkey, the bonus he received exceeded the average year-end bonus of JPMorgan Chase, the world's largest financial institution, in 2014.

What is a conscientious entrepreneur? What is a conscientious CEO? Nevzat Aydin is one of them.

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Employees gather around Nevzat Aydin

Nevzat Aydin said the bonus will be calculated based on how long the employee has served the company and their future potential in the company.

Someone asked Nevzat Aydin why he gave so much money to his employees when he sold his company. Nevzat Aydin said, "The company started with $80,000 in 2000, raised $44 million in two rounds of financing, and now it is sold for $589 million. If I didn't have so many employees to support me, I wouldn't be able to achieve this level of success. Of course I want my employees to share my success."

In fact, Nevzat Aydin is not the only CEO who has done this. In April 2015, after selling JR Automation Technologies, an automation equipment company he had run for 10 years, American entrepreneur JC Huizenga gave a one-time bonus of $6 million to the company's 500 employees.

Another example is MoPub. In September 2013, Jim Payne sold the company he founded, MoPub, to Twitter for $350 million. Of the company's 100 employees, 36 became millionaires, and countless others were worth hundreds of thousands. Jim Payne distributed at least one-fifth of his money to his employees.

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To thank Payne, the staff drew a portrait of him. This is the gift that Payne is most proud of.

Some startup CEOs are very generous in giving options to their employees, and even lend money to their employees to exercise their options when the employees themselves don’t have the money to exercise their options. Then, when the company is acquiring, they will do their best to help employees get the most favorable equity/option conditions, and even give up certain acquisition opportunities.

In 2012, Wiley Cerilli sold SinglePlatform, which he founded two years ago, for $100 million. Since the company was only established two years ago, it only had 13 employees, and only four of them had been employed for more than one year. Therefore, the options of almost all employees have not yet matured (vested). Normally, if there is a merger and acquisition at this time, employees will not enjoy any benefits. However, when Wiley Cerilli was preparing for the merger and acquisition, he had been fighting with the acquirer, requiring employees to obtain real company equity.

***, Wiley Cerilli finally converted all the employee options into restricted stock, and gave them millions of dollars in bonuses to buy these stocks. Then, when the merger took place, these employees finally became millionaires.

Wiley Cerilli told reporters in an email, "They fought side by side with me, I want to celebrate this victory with them, and I want them to share the success with me!"
Wiley Cerilli and his brothers (and sisters) at SinglePlatform

My good friend Zhang Jia is also a struggling CEO. After reading these stories, he told me: "If I really had so much money, I would also like to spend it this way!"

Actually, I want to say this...