Top exec pay keeps rising in Covid year
The aggregate cost of the 100 highest paid executives at TASE companies rose 16% in 2020. Only two women make the list.
If anyone thought that the coronavirus pandemic and its negative effects on the economy would lead to a decline in the compensation cost of senior managers of companies on the Tel Aviv Stock Exchange, the financial statements released in the past few weeks for 2020 show otherwise. The trend in the cost of employing the highest-paid managers in public companies is one-way - upwards.
One of the main reasons for this is a far greater element of stock-based compensation than in the past, much of which was paid to senior managers of newly listed companies.
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