Daily roundup / Hapoalim execs suffer salary slash
Weak yen is a plus for car importer; Azrieli patiently seeking Tambour buyer; watchdogs bark at bank boards to stay away from large investors.
Executive pay cut at Hapoalim: Executives will be suffering a roughly 10% cut in pay over the next five years, under the new collective wages agreement signed yesterday for that period of time by the board and union representatives. Note ye that the bank isn't cutting their pay now: what it's doing is abolishing automatic pay raises for top staffers, from the tank of branch manager up....
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