Electric Corp. execs get bonuses despite utility's huge losses
During the first three quarters of 2012, the IEC suffered losses of about a billion shekels.
The board of directors of the financially strapped Israel Electric Corp. yesterday approved bonuses to the state-owned utility's chairman Yiftach Ron-Tal, to CEO Eli Glickman and to its legal counsel David Yahav. The bonuses amount to 10% of the officials' 2011 salaries and come to about NIS 161,000 in total.
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