Wednesday, October 30, 2013

Insight: Is Israel pulling down the shutters for business?

A worker cleans beneath the logo of Nice Systems at the entrance of its headquarters in Raanana By Tova Cohen and Steven Scheer TEL AVIV (Reuters) - High-tech entrepreneur Eyal Waldman decided he had had enough of Israeli investors when they told him to choose between his titles of chairman and chief executive at the company he co-founded, Mellanox Technologies. So in August, Waldman delisted the chip designer - Tel Aviv Stock Exchange's sixth-largest company, with a market value at the time of 6 billion shekels ($1.7 billion) - dealing a heavy blow to an ailing bourse that had already seen its chief executive and chairman resign a month earlier. Waldman said the attitude of Israeli institutional investors, who had been empowered by changes to the Securities Law, was suffocating. Since Mellanox delisted, a handful of Tel Aviv's largest companies have threatened to follow suit unless Israel becomes more business friendly.








via Health News Headlines - Yahoo! News http://news.yahoo.com/insight-israel-pulling-down-shutters-business-141025536--sector.html

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