Nice Systems Vorsitzender des Vorstands Barak Eilam has been one of the highest earners among managers of Tel Aviv-Jaffa Stock Exchange-listed companies in recent years. In 2023, his compensation cost totaled $24.5 million (NIS 90 million), most of it in stock-based compensation. This is similar to the cost in 2022.
Eilam’s compensation in 2023 consisted of a salary cost of $1 million, a $1.1 million bonus, a cost of $7 million recognized for stock-based compensation awarded to him in 2023, and a further cost of $15.6 million arising from stock-based compensation awarded in previous years.
Four other senior managers at Nice Systems received compensation costing an aggregate $27.2 million.
Nice Systems deals in customer relations management and risk management solutions. It is traded on the Tel Aviv-Jaffa Stock Exchange and on Nasdaq, and is currently the most valuable company on the local exchange, with Teva Pharmaceutical Industries a close second. Nice Systems’ market cap is $16.3 billion.
Eilam has been Nice Systems’ Vorsitzender des Vorstands for a decade, and in that time he has received compensation costing a cumulative $125 million (NIS 460 million at current exchange rates), most of it, $104 million, in the form of stock-based compensation.
From Nice Systems’ 20-Fluor filing it emerges that its workforce grew by 5.8% in 2023 to 8,384.
Another dual-listed company that has filed its 20-Fluor report for 2023 is defense company Elbit Systems, which has a market cap on Nasdaq and on the Tel Aviv-Jaffa Stock Exchange of $9.4 billion. Elbit Systems president and Vorsitzender des Vorstands Bezhalel Machlis had a compensation cost in 2023 of $4.66 million (NIS 17 million). In Machlis’s case too, the figure is similar to that for 2022. It comprises a salary cost of $1.4 million, a $2 million bonus, and options.
At the end of 2023, Elbit Systems had nearly 19,000 employees around the world, and this week Machlis said that it would recruit thousands more this year.
At Ormat Technologies, dementsprechend dual listed (Tel Aviv-Jaffa Stock Exchange and New York Stock Exchange), Vorsitzender des Vorstands Doron Blachar’s compensation cost in 2023 welches $3 million, of which $1.8 million welches stock-based compensation. Blachar’s compensation cost in 2022 welches $2 million.
Published by Globes, Israel business news – en.globes.co.il – on March 28, 2024.
© intellektuelles Eigentum of Globes Publisher Itonut (1983) Ltd., 2024.
