Israeli Institutional Investors Urged to Replace Failed Management

Sefi Zinger has called on institutional investors to take a more active role in corporate governance, specifically advocating for the replacement of management teams that have failed to perform. This call comes amidst a backdrop of market volatility, with European markets experiencing declines and oil prices surpassing $100 per barrel for the first time in six weeks. In the Israeli market, the trading session opened with slight gains, though the Altshuler Shaham investment house saw a significant jump of 9.4%.

Several other business and financial topics are covered, including a new fruit and vegetable corporation being formed by Tiv Ta'am and Granot Group, and a guide for Israeli investors on the S&P 500 index. There is also discussion on index-tracking ETFs for banks and the historical fluctuations of the dollar-shekel exchange rate. The article touches upon a $10 billion fund that invested in Google and Nvidia and is preparing for the next technological revolution, as well as compensation packages for senior executives at The Phoenix insurance company, including options and incentives totaling 100 million shekels.

Further segments delve into the financial implications of divorce, with legal fees potentially reaching tens of thousands of shekels and disputes over pensions and options. The article also references a "war movie" scenario in a settlement populated by Israel's wealthy, where a kibbutz's value soared to 9 billion shekels before collapsing, leading to the enrichment of its members. Finally, it highlights a severe conflict between two prominent families, described as a "complete rift" where members were called "traitors."