Phoenix Managers Awarded Stock Options as Subsidiary Value Soars

Managers at The Phoenix, an Israeli insurance and financial services company, have been granted stock options, a move that has coincided with a significant surge in the valuation of its subsidiary, Phoenix Gamma. The company's stock price has reportedly seen a dramatic increase, reaching a valuation of 9 billion shekels (approximately $2.4 billion USD). This surge has led to considerable wealth for the kibbutz members involved with the company. However, the article hints at past "mistakes" and a potential collapse, suggesting a volatile history despite the current success.

The article also touches upon a severe internal conflict within a company, described as a "complete rift" between two powerful families, with members calling each other "traitors." This internal strife is presented as a backdrop to the financial developments at Phoenix Gamma. The context suggests that the current success might be built on a foundation of past issues and ongoing disputes.

Further details indicate a real estate transaction involving a rare apartment opposite the Western Wall in Jerusalem, listed for 50 million shekels (approximately $13.4 million USD) by its 91-year-old owner. Additionally, the article mentions a controversial figure, an ultra-Orthodox businessman, who is reportedly a guest of singer Omer Adam and is suspected of receiving millions from the President.