G City’s Outgoing Owner Secures Golden Parachute for New CEO Amid Ownership Change
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Globes · 2 hours ago
What happened
Haim Katzman, current owner of G City, is securing a lucrative severance package for incoming CEO Keren Kalifa ahead of a major ownership change. New shareholders Tzachi Abu, Kidan Dahari, and Yaron Adiv are set to take control, with Kalifa’s appointment accelerated to October pending shareholder approval. Her contract includes a golden parachute worth up to 3.4 million shekels if terminated following the ownership shift, preparing for possible leadership changes amid strategic shifts.
- 01G City’s CEO Keren Kalifa’s start date moved up to October, pending September shareholder approval.
- 02New owners Abu, Dahari, and Adiv will initially share control with Katzman before sole ownership.
- 03Kalifa’s annual compensation package may reach 4.4 million shekels, including salary, bonus, and stock options.
- 04Katzman will become chairman, reducing his pay from 5.9 million to 1.5 million shekels annually.
- 05Kalifa’s contract includes a golden parachute of up to 3.4 million shekels if terminated after ownership change.
- 06The severance terms may deter or compensate Kalifa if new owners replace her amid strategic shifts.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
