While Finance Minister Yair Lapid announced he plans to combat the extreme salaries given to the nation’s elite earners, in actuality, most believe his words are nothing more than meaningless populist statements. Lapid continues releasing statements that he is here to protect the working class, but when it comes down to taking action, he remains loyal to his elitist lifestyle and colleagues.
The reason for the skepticism is Lapid’s decision not to support a bill sponsored by MK (Labor) Shelly Yacimovich, intended to place a ceiling on salaries banking and other sectors.
One example that is making the news of late if the salary of the CEO of Bank Leumi, who despite dropping her salary by 41% is still earning a cool 183,000 NIS monthly, while the average national salary is under 9,000 NIS monthly. Her modest salary does not include a 3 million NIS annual bonus and other perks.
(YWN – Israel Desk, Jerusalem)
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3 Responses
Unlikely. When Lapid isn’t busy being a DEMAGOGUE he’s usually a consistent conservative on economics – plus his constituency tends to be from the economic elites.
Umm – since when has YWN become socialist? High salaries in the Finance sector are the norm, not the exception. It makes good class-baiting to bash “the rich”, but there’s nothing wrong with the salary in question – and in fact, it’s significantly lower – even including the bonuses – than the salaries of executives of similar-sized banks in other parts of the world.
an Israeli Yid
and the working class in Israel are primarily Sefardim, and Lapid’s crowd generally like them only slight more than Hareidim.