The Mega supermarket chain has collapsed, but its senior managers are feathering their nests. After it was reported that Avigdor Kaplan, chairman of Mega's parent company Alon Blue Square Israel, will receive a NIS 560,000 bonus, it now emerges that Mega CEO Raviv Brookmayer will receive a bonus of NIS 2 million.
Brookmayer will receive the bonus for six months' work. He was appointed to his post in June 2015, and a two-year work agreement was signed with him promising him a bonus even if Mega were to collapse, since Alon Blue Square guaranteed it.
The bonus was promised to Brookmayer for agreeing to leave his job as CEO of another Alon Blue Square subsidiary, Naaman Group, to replace Motti Keren, Mega's previous CEO, who was dismissed. In other words, Brookmayer left Naaman and entered into a situation of uncertainty. It should be mentioned that, in contrast to the way Mega had been managed in the previous few years, Brookmayer insisted on transparency vis-a-vis the chain's suppliers, among whom he is highly esteemed this applies to both small and large suppliers.
Mega stated in response, "Raviv Brookmayer's conditions of employment were set when he took up his post, as is usual for senior managers."
So, while the future of Mega's 3,500 employees is shrouded in fog, senior managers in Mega and its parent company are drawing fat bonuses. In addition to Kaplan, who is receiving a bonus of seven times his salary, former Alon Blue Square chairman David Wiessman is seeking a bonus of NIS 1.3 million.
Published by Globes [online], Israel business news - www.globes-online.com - on January 19, 2016
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