Mizrahi-Tefahot Bank CEO's effective retirement to start within months
But Eli Yones will continue to collect vacation pay until his contract runs out, on April 1, 2014, also allowing him to vest his final tranche of stock options - worth a cool NIS 18.8 million
The timing of Mizrahi-Tefahot CEO Eli Yones’ announcement last week that he will not renew his contract with the bank when it expires - on April 1, 2014 - made for a lot of head-scratching. Eleven months is a very generous amount of lead time for anyone. Board members, speaking confidentially,...
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