web analytics
August 23, 2014 / 27 Av, 5774
Israel at War: Operation Protective Edge
 
 
At a Glance
News & Views
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



Wealthy Argentine Chabadnik Set to Take over Israel’s Giant IDB

We don’t pretend to know how and why God works, but it can be speculated that the financial disaster of Israel’s giant IDB was the way for a Chabad Jew to enter Israel’s secular Big Business elite.
Black kippahed Eduardo Elztain is set to be part of a consortium that will control one of Israel's largest conglomerates.

Black kippahed Eduardo Elztain is set to be part of a consortium that will control one of Israel's largest conglomerates.

Eduardo Elsztain, Argentina’s richest man and a follower of Lubavitch-Chabad, along with Israeli entrepreneur Motti Ben-Moshe, is set to take control of 75 percent of Israel’s giant and debt-ridden IDB Holding conglomerate that has its fingers in supermarkets, paper, mobile phone, insurance and cement companies.

Credit holders have overwhelming voted for Elsztain and Ben Moshe to enter and take control from Nochi Dankner, who says he will put up a fight against the buy-out.

Israel’s Big Business elite, approximately seven companies that control more than half of the manufacturing in the country, is dominated by Israel’s richest families, almost all of them left-leaning and secular, a term that does not necessarily mean anti-religious and often includes men like Dankner who observe traditions and are respectful of Judaism.

The entry of a Haredi could be a sign of something spiritual happening, or it could not.

The facts are that Elztain’s representative in Israel has been Shlomo Lapidus, a Haredi businessman and also from one of the wealthiest families in Buenos Aires. A textile company founded by his father is translated into English as “With G-d’s Help.”

Elsztain is president of Chabad, has served as treasurer of the World Jewish Congress, founded Hillel in Argentina and is a big investor in the Taglit-Birthright program.

Big Bucks execs like to jet around the world and visit expensive hotels, but Elsztain does not let that keep him from visiting the graves of righteous Jews when he visits Israel.

This may not be a new trend, but it bears watching.

Wouldn’t it be interesting to see a chain of markets in Israel welcoming buyers with an image of the Rebbe?

About the Author: Tzvi Ben Gedalyahu is a graduate in journalism and economics from The George Washington University. He has worked as a cub reporter in rural Virginia and as senior copy editor for major Canadian metropolitan dailies. Tzvi wrote for Arutz Sheva for several years before joining the Jewish Press.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

3 Responses to “Wealthy Argentine Chabadnik Set to Take over Israel’s Giant IDB”

  1. Rina Gray says:

    Maybe now this conglomerat start to work without debt.

  2. I would absolutely love to see an chain of food stores that were run and stocked by Jewish person ,whom quality mattered.

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
IDF retaliates for death of 4-year-old child: air strike kills 4 terrorists in a-Nasser neighborhood in Gaza City August 23, 2014.
IDF Retaliation: 3 Dead Terrorists in Gaza
Latest News Stories
IDF retaliates for death of 4-year-old child: air strike kills 4 terrorists in a-Nasser neighborhood in Gaza City August 23, 2014.

At least three terrorists are dead and nine others wounded in an IAF air strike in Gaza City following a day of non-stop rocket fire aimed at Israel.

Lt. Adam Landau faced terrorists hiding behind children in Gaza.

We started to look for a terrorist….Suddenly, a small boy appeared. The terrorist grabbed him and escaped with him.

Terror rockets fired at Israeli civilians from a United Nations (UNRWA) girls school in Beit Lahiya, Gaza, on August 23, 2014.

A declassified IDF intelligence report shows the use of human shields by Hamas terrorists has sunk to child sacrifice.

Firefighters try to extinguish the fire at the site of where a rocket landed and killed a 4-year-old boy in Kibbutz Nahal Oz in the southern Israeli on August 22, 2014.

10:23pm Acco (Yes, that’s right, Acco/Acre). Residents report hearing explosions. Presumably launched from Lebanon 9:21pm Nachal Oz 9:21pm Kfar Aza / Saad, Nachal Oz 9:21pm Kfar Aza / Saad 8:53pm Otef Aza – Avshalom, Dekel, Pri Gan, Yavol, Sde Avraham, Yated, Talmei Yosef, Shlomit, Bnei Netzarim, Neve 8:52pm Sufa / Hulit, , Otef Aza – […]

Hamas murdered a 4 yr old Israeli boy with a rocket launched next to an UNRWA school/shelter for Gazan refugees.

5:33pm Shabbat Shalom from Israel. It should be a peaceful Shabbat. 5:28pm Kerem Shalom 5:26 pm Kerem Shalom 5:22pm Nachal Oz 5:13pm Erez, Miflasim 5:13pm Gaza perimeter/Sderot, Erez, Miflasim 5:13pm Gaza perimeter/Sderot 5:02pm Erez, Miflasim 5:02pm Gaza perimeter/Sderot, Erez, Miflasim 5:02pm Gaza perimeter/Sderot 4:04 pm Sdot Negev, Shaar Negev 4:00 pm Sdot Negev, Shaar Negev […]

If you are worried about your child marrying a non-Jew, and you should be, then move to Israel.

Hamas publicly executed 21 people they accused of collaborating with Israel. Unlike ISIS, they didn’t behead them.

One woman fighter is enough to scare away 72 virgins.

Israel remains a lone outpost for those who know that talking to liars is not a diplomatic solution.

Obama, who is sure the “peace process” will make Hamas safe for democracy, now has crowned himself an expert on radical Islam.

There were soldiers inside the attacked Hebron building, but they managed to get out in time.

On Thursday, the Israel Air Force hit a motorcycle transporting 2 terrorists in Rafah.

Temple University’s SJP claims the pro-Israel Jewish student harassed and provoked them into assaulting him.

The White House has unblocked the weapons shipment to Israel that they had recently blocked.

10:58pm Negev 10:32 pm Eshkol 9:38 pm Ashdod, Ashkelon, Ashkelon Coast 8:47 pm Modiin-Maccabim-Reut, and area. Iron Dome Interception. 8:46 pm Beit El 20:00 pm  Iron Dome downs two rockets over Be’er Sheva; three others explode in open areas. 19:42 pm     Two warnings of rockets in Be’er Sheva, warnings of rockets Hatzerim , site […]

More Articles from Tzvi Ben-Gedalyahu
Lt. Adam Landau faced terrorists hiding behind children in Gaza.

We started to look for a terrorist….Suddenly, a small boy appeared. The terrorist grabbed him and escaped with him.

Kurdish women have take up arms to join the war against ISIS Islamic State terrorists.

One woman fighter is enough to scare away 72 virgins.

Israel remains a lone outpost for those who know that talking to liars is not a diplomatic solution.

Obama, who is sure the “peace process” will make Hamas safe for democracy, now has crowned himself an expert on radical Islam.

The Islamic State is getting a lot of bad publicity lately, which actually proves how successful they are.

Islamic terror coming soon to your favorite neighborhood street theater.

Netanyahu, Ya’alon and Gantz’s comments: War until there is total quiet and everyone can sleep at night.

    Latest Poll

    Do you think the FAA ban on US flights to Israel is political?






    View Results

    Loading ... Loading ...

Printed from: http://www.jewishpress.com/news/wealthy-argentine-chabadnik-set-to-take-over-israels-giant-idb/2013/12/09/

Scan this QR code to visit this page online: