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Former president Shimon Peres set to ‘advise’ Israeli pharmaceutical giant Teva for $120, 000 A Year

Peres will receive $10, 000 a month; deal comes days after similar agreement with Bank Hapoalim canceled



Former president Shimon Peres has agreed to provide consulting services to the Israeli pharmaceutical giant Teva, through his Peres & Associates company. Mr. Peres is set to receive a monthly payment of $10, 000.

Just few days ago the former President canceled his deal to represent Bank Hapoalim as a lobbyist in exchange for a salary of $30, 000 per month, due to a huge public outcry over it in Israel.

According to Israeli media Mr. Peres is set to concentrate on promoting Teva’s interests world wide. In addition to the $10, 000 monthly payment, Peres will also collect fees for “significant” projects with the company. He said that payments from Teva will go to the Peres Center for Peace, as well as other charitable causes in education and social projects in which the former president is involved.

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