in 2012 to raise their salaries (each of them!) From: $70,000 per year to: $190,000 per year.
And for each meeting that each of them participates in - they get $ 2,000 per meeting per session.
The Chairman of the Board of Teva also decided in 2012 and received endorsement from the Board "generous" members that are mentioned above to raise his salary by 75% to: $ 700,000 per year. In addition, the dear "friends" decided to confirm $ 900,000 more for this Chairman for each year for expenses for the use of his private plane bringing him to meetings of the Council in Israel, and this is DESPITE having many other businesses in Israel whom he currently manages and is also their part (and very substantial) owner.
And all this - despite the failed management of these greedy Board members and their chairman, that his private businesses around the world, it seems, interest him much more than Teva - where he, as its chairman should take care of the company and its shareholders - all of which has led Teva unprecedented low stock value - the stock dropped in price over 40% since that chairman and many members of the board got into their role in the company.
So please - you tell me: Who is the Crazy that will invest in the Teva stocks which is still managed by this greedy bunch!!!???
I think that only an idiot would invest his money in this company as long as this greedy Board and Chairman are still not being removed from this company in disgrace!!!
I don't think you realize how much money other boards make. They were making less. So the raise is inconsequential from that perspective. They are trying to bring it in line with the rest of the industry. Care to explain the connection with stock price performance? Is it the Board of Directors' fault that the Copaxone patent will expire? Because that is the prime reason the stock goes down.
After what we have seen over the past few years, you of all people should realize TEVA needs strong leadership - not army apparatchiks who get rewarded to positions by proteksia. Well, how are you going to attract strong leadership in high positions if you don't pay directors competitive salaries?
2. You keep harping on this saying how no one will buy because of this. No one is forcing YOU to buy. If you think the board is so greedy and teva so worthless, then why don't you just sell and give it a rest already?
Read the Seeking Alpha article on Teva. Sooner or later, the investment
community will realize this is a 45.00 stock. Monday I bought 30-40.00
July calls at 0.17. I think it will be sooner than later. Good luck.