The NIS 3 million question: How much should Israeli executives earn?
A new regulation aims to introduce a link between the salary of an executive of a publicly owned corporation and that company’s performance.
Just before he set out to battle the top brass at the Tel Aviv Stock Exchange, Israel Securities Authority Chairman Prof. Shmuel Hauser issued the last word in Israeli capital market regulation. This is Amendment 20, a completely original Israeli creation aimed at curbing the rise of executive pay at publicly owned corporations. At the very least, it aspires to inject some rationality into executive pay by...
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