Maoz will apparently receive a severance payment of just under NIS 1 million.
Five weeks after economist Shlomo Maoz made a speech that led to confrontation with his employer Excellence Investments Ltd. (TASE: EXCE), the investment house reported today that the two sides had agreed to part. Maoz will apparently receive a severance payment of just under NIS 1 million.
Maoz was fired as chief economist at Excellence on January 11, after ten years in the post. This happened a few hours after a lecture at Sapir College in which Maoz attacked the "Ashkenazi elite" at, among other institutions, Bank Leumi and the Supreme Court, and also among the protesters in last summer's demonstrations for social justice. However, he remained chairman of Excellence's mutual funds committee, until now.
Published by Globes [online], Israel business news - www.globes-online.com - on February 16, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012
Guy Katsovich and Ilanit Hayut