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Full coverage· Economy· Updated

Electra CEO Threatens Departure Over Salary Dispute

Electra Group CEO Itamar Deutscher is demanding an annual salary of 17-18 million shekels and has threatened to resign if his request is denied. The company's board is negotiating with institutional investors for approval, but they are hesitant due to recent company performance, offering a lower compensation package.

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What happened

  1. 01Electra CEO demands 17-18 million shekel annual salary, threatening to quit.
  2. 02Company seeks seven-year deal worth 126 million shekels.
  3. 03Institutional investors resist due to recent company underperformance.
  4. 04They offer a lower package of 10-15 million shekels.
  5. 05Board aims to avoid past shareholder vote overrides.
Translated and summarized by baba from Ice, the latest report. Read Ice’s original

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