Knesset Approves Salary Ceiling for Top Bankers

Cap is set at about $650,000 annually but conditions that set a second cap at 35 institution’s lowest salary means top pay may even be lower.

comments Print
Many of Israel’s top bankers are in store for a massive pay cut after the Knesset approved a law Monday that will cap their salaries at 2.5 million shekels ($650,000) a year, or 35 times the lowest salary paid...