Israel Corporation Berated for 11th-hour Bonuses

The Securities Authority has harsh words for Idan Ofer's holding company after they approve excessive salaries and bonuses for management, just hours before a law would have made such moves impossible.

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The Israel Corporation got a stern dressing-down from the Securities Authority after its board splashed out on its managers less than 24 hours before a law clipping its wings was set to go into effect.