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(photo credit: Courtesy photo)
Israel's top management was highlighted by Forbes this week when the magazine released its best performers for 2006 with some of the underdogs proving their worth to their businesses.
Eran Schwartz, CEO of Israel Petrochemical Enterprises, was the only one of last year's top three who featured in the 2006 list, proving to be the manager who showed the highest return of investment relative to his salary.
Israel Chemicals' Akiva Mozes and property company Alrov's Alfred Akirov followed in second and third places, respectively, while the CEOs of Jerusalem Economic Corp. and Ormat filled out the better half of the top-10 list.
They were followed by the CEOs of Apax Partners Israel, Excellence, Gav Yam Bayside Land Corp., Alony Hetz and Africa-Israel to complete the list.
Absent from the rankings this year, Forbes noted, was Shlomo Yanai, Teva Pharmeceutical Industries' controversial new choice for CEO, who last year took ninth place as CEO of Makhteshim Agan.
Forbes took into account the excess yield earned by the companies relative to the TA 100; their return versus that achieved by the industry in which they operate; and the salary of the managers through 2004 and 2005.