Teva's board slash­es its own com­pen­sa­tion fol­low­ing mas­sive re­struc­tur­ing

Te­va Phar­ma­ceu­ti­cals is mak­ing even more cuts, and this time it’s com­ing from the board of di­rec­tor’s own wal­lets.

The com­pa­ny’s board cut their cash com­pen­sa­tion in half un­til fur­ther no­tice and Te­va’s board chair­man Sol Bar­er waives his right to cash com­pen­sa­tion al­to­geth­er, Cal­cal­ist re­ports.

Ap­par­ent­ly, the de­ci­sion was made back in De­cem­ber, be­fore the com­pa­ny’s cost-cut­ting plans were made pub­lic, but Te­va de­cid­ed not to share the de­tail.

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