Peres to consult for Teva, donate earnings to charity


JERUSALEM (JTA) — Former Israeli President Shimon Peres will consult for Teva Pharmaceutical Industries for $10,000 a month.

He will also receive additional compensation for specific Teva projects, according to the Israeli business daily Globes.

The announcement comes days after Peres, 91, announced that he would cancel a deal to promote Bank Hapoalim worth $30,000 a month.

The money that Teva pays to Peres will be donated to the Peres Center for Peace, as well as other charitable causes in which he is involved, according to reports.

Recommended from JTA