Connect with us

Hi, what are you looking for?

Jewish Business News


Erez Vigodman’s Teva CEO Salary: $1.35 Million a Year

Bonuses could boost Erez Vigodman’s compensation to $4.1 million annually, not including options.

The basic salary of incoming Teva Pharmaceutical Industries Ltd. (NYSE:TEVA; TASE: TEVA) president and CEO Erez Vigodman will be $1.35 million a year, according to the summons for a general shareholders meeting on February 24 to approve his compensation. His basic salary is 10% less than the salary of his predecessor, Dr. Jeremy Levin.Vigodman will keep his unpaid position as a director at Teva.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

In addition to his salary, Vigodman will receive an annual targets-based bonus. The targets include operating profit, cash flow, revenue, product quality, and products pipeline. He will be ineligible for a bonus if he fails to meet the 85% threshold of the targets. If he meets 85-100% of the targets, he will be eligible for a bonus of $118, 000.

If he achieves the target threshold, he will be eligible for a bonus of 140% of his annual salary, or $1.9 million, and if he achieves 125% of the targets, his maximum bonus will be double his salary, or $2.7 million.

Vigodman will be granted capital-based compensation, worth $3 million. This compensation comprises 80% options and 20% restricted shares. The strike price is $41.05, Teva share’s closing price on the NYSE on January 8. The shares will vest, subject to Vigodman’s continued employment with Teva, in three equal installments, on the second, third and fourth anniversaries of the effective date.

If Teva fires Vigodman “without cause”, as was the case of his predecessor, or if he resigns for good reason, he will be eligible for his salary and benefits for nine months, plus a bonus equal to 18 months’ salary, or $2 million, subject to a 12-month non-competition agreement. If Vigodman’s termination is because Teva is acquired, he will be eligible for an additional bonus equal to his salary.

Vigodman’s cumulate compensation at his two previous jobs, as CEO of Makhteshim Agan Industries Ltd. and Strauss Group Ltd. (TASE:STRS), is NIS 78 million.

Published by Globes [online], Israel business news – 



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.