Teva employees gain $222m on options
Teva added in the 20-F form that chairman Philip Frost sold 871,000 shares in the company during 2010, for a total of $47 million.
Teva added in the 20-F form that chairman Philip Frost sold 871,000 shares in the company during 2010, for a total of $47 million. He owned 14 million shares at the end of the year, which are currently worth $724 million.
Teva executives and directors received aggregate salary of $16.8 million in 2010, similar to what they earned in 2009.
On the 20-F Teva also reported that it had 39,660 employees, growth of 13% compared with 2009. In Israel, the number of workers rose 7.5% to 6,774.
Teva's share price rose 0.2% on Nasdaq yesterday to $51.70, giving a market cap of $48.39, and was unchanged in early trading on the TASE today at NIS 188.40.
Published by Globes [online], Israel business news - www.globes-online.com - on February 16, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011
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