Knesset has passed a bill that fixes maximum ceiling of executives in the financial institutions with no opposition. The bill turned law aims to reduce wage gap. However, a similar attempt in the US has backfired since the revised law allows exemptions for extraordinary performances.
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The Knesset or the Israeli parliament has voted to approve the dismantling of the corporate conglomerates in the country to overhaul the economy and address the issue of inequality.
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