Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) CEO Kare Schultz noticed his pay fall to $14.7 million in 2021 from $15.7 million in 2020, the corporate reported in its expanded 2021 monetary assertion. $10 million of the pay was in capital remuneration in addition to a primary wage of $2 million and an additional $2.7 million in funds for efficiency, relocation to Israel, automobile and many others.
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Schultz turned Teva CEO in December 2017 and his contract ends in November 2023. Since he started managing Teva he has acquired $91.5 million from the corporate. Over that interval, regardless of the success of his streamlining program, and the autumn within the firm’s debt, Teva’s share worth has fallen by almost 50%. The autumn within the share worth is especially on account of authorized proceedings towards Teva on varied fronts and the corporate’s lack of development.
Three different senior Teva executives – EVP North America Dr. Sven Dethlefs, EVP World Operations Eric Drape, and EVP Worldwide Markets Business Mark Sabag, every acquired $3.8 million final yr and CFO Eli Kalif acquired $3.5 million.
Since 2014 the US Safety and Trade Fee (SEC) has required all corporations traded on Wall Avenue to report the remuneration paid to their high executives. The remuneration acquired by Teva’s senior executives is comparatively excessive for an Israeli firm however not the best.
Israeli ad-tech firm Tremor Worldwide (Nasdaq: TRMR; AIM: TRMR) which held its Wall Avenue IPO final yr paid its CEO Ofer Druker $18.6 million final yr of which $16.4 million was in capital remuneration. The corporate stated that these inventory choices included shares paid in earlier years that matured final yr. Two different Tremor senior executives COO Yaniv Carmi and CFO Sagi Niri acquired $9 million and $7.1 million respectively.
One other Israeli firm which has been beneficiant to its senior executives is e-commerce fraud safety firm Riskified (NYSE: RSKD). The corporate held its IPO final July and since then has misplaced 70% of its worth and has a market cap of $960 million. CEO Ido Gal earned $15.7 million final yr, virtually all in shares whereas CTO Assaf Feldman acquired $5 million, of which $4.7 million was in shares.
Cybersecurity firm CyberArk (Nasdaq: CYBR) founder and CEO Udi Mokady acquired $12.4 million final yr, of which $11 million was in capital remuneration.
Printed by Globes, Israel enterprise information – en.globes.co.il – on March 16, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
