Executive Compensation

Bank Leumi has canceled an option allocation plan for CEO Hanan Friedman following a Bank of Israel directive. The regulator ruled that executive compensation cannot be linked to the performance of a single subsidiary.

Bank Leumi has announced the cancellation of an option allocation for CEO Hanan Friedman. The decision follows a directive from the Banking Supervision Department prohibiting the linkage of executive compensation to the performance of individual subsidiaries.

Electronic Arts (EA) laid off employees at four game studios as part of a "reorganization," while CEO Andrew Wilson's annual compensation package jumped by $8 million compared to the previous year.