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El Al Chairman Poised for Large Payout as Airline Stock Hits Record Highs
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El Al's chairman, Amikam Ben-Zvi, is set for a significant pay increase, potentially reaching 7 million shekels annually, as the airline's stock reaches record highs. The company's shares have surged over 43% in three months, leading to a market capitalization of 11.3 billion shekels and positioning it for the TA-35 index. Shareholders will vote on Ben-Zvi's compensation and a liability exemption for him and the CEO. The stock's rise is attributed to security concerns and competitive advantages, with shares up 660% over three years.
The story in 6 lines · by baba
- El Al chairman Amikam Ben-Zvi may receive annual compensation of 7 million shekels amid record stock prices.
- El Al's stock has surged 43.3% in three months, reaching a market cap of 11.3 billion shekels.
- The airline's shares have risen 660% over the past three years, making controlling shareholder Kenny Rozenberg's investment highly lucrative.
- Shareholders will vote on Ben-Zvi's compensation package and a liability exemption for him and CEO Levy Halevy.
- Security concerns and competitive advantages are cited as reasons for El Al's stock performance.
- Shalom Naaman, co-founder of Mahsanei Hashuk, is proposed as a new independent director.
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