In 2008 the combined profit of the companies listed on the TA-25 index, which tracks the biggest 25 listed companies by market capitalization, dropped by 40% from the year before. That's sobering stuff.
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Yet the average salaries of these companies' CEOs rose by about 30%, to NIS 7.9 million in 2008 (in terms of wage cost), according to a study by the remuneration department at PricewaterhouseCoopers Kesselman & Kesselman.