Teva is country's most admired company

Teva Pharmaceutical Industries Ltd. was voted the most admired company in Israel for the third consecutive year while its CEO also was named the country's top chief executive, according to a poll released by Business Data Israel.

By MATTHEW KRIEGER
March 8, 2007 07:30
1 minute read.

Teva Pharmaceutical Industries Ltd. was voted the most admired company in Israel for the third consecutive year while its CEO also was named the country's top chief executive, according to a poll released Wednesday by Business Data Israel (BDI). The survey was based on the opinions of 500 managers and CEOs who were asked to judge companies on criteria such as effective and quality leadership, financial success and performance of the company's products and services. Following Teva in the number two position was Partner Communications and in third place was the Delek Goup, which moved up five spots from last year's poll. Rounding out the top five was Bank Hapoalim, followed by Iscar, which was buoyed by Warren Buffett's purchase of the company and his recent statements that the company is very well-run. Iscar was 13th last year. Exhibiting one of the most impressive moves was Isracard, which climbed 41 spots to number 46 on the survey, which Eyal Yanai, co-CEO of BDI, attributed to the release of its new credit cards and the accompanying advertisement campaign, which were viewed as an overall success in the Israeli business world. Bezeq, meanwhile, fell 25 spots to number 48, the survey's biggest decliner, but Yanai said the fall didn't necessarily indicate that the company had a bad year. "Each year there are relative stars that made great progress and these companies will overrun companies who performed the same as the previous year," Yanai said. In addition to the recognition of Teva's Eli Hurvitz, other CEOs who received high marks were Amikam Cohen, the former head of Partner, and Yitzhak Tshuva of Delek Group, similar to the rankings of their companies, with Yanai pointing out that there exists a close correlation between a company's performance and its management. "When the management of a company is evaluated," he said, "one tends to look firstly at the performance of that company and we usually see that companies who performed well tended to have excellent management." Financial companies made up 22 percent of the top 50 list while 16% came from the electronics, communications or manufacturing fields.


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