Israel's Treasury Urges Leumi Execs to Halve Their Salaries

Officials 'expect' bank's CEO and chairman to comply with demand to keep their pay under $1 million a year.

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The Finance Ministry intends to take action to reduce executive salaries at banks, and thus Rakefet Russak-Aminoach, CEO at Bank Leumi, one of Israel’s two largest banks, would do well to forgo half her...