Business Services Industry
Horowitz gets $7.78m Teva option. (Teva Pharmaceuticals, Eli Horowitz)
Israel Business Today, January, 1997
Teva Pharmaceuticals has given its managing director, Eli Horowitz, 8-year share options which, if realized, may be worth $7.78 million. At its current value, the option is worth $3.2 million. However, based on the Black & Schuls share value formula, the option will be worth more than double its present value in 2002.
Horowitz's contract was also extended for an additional five years.
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