web analytics
December 21, 2014 / 29 Kislev, 5775
 
At a Glance
News & Views
Sponsored Post
8000 meals Celebrate Eight Days of Chanukah – With 8,000 Free Meals Daily to Israel’s Poor

Join Meir Panim’s campaign to “light up” Chanukah for families in need.



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
Christian Israeli Kay Wilson and Mohammed "Zionist" Zoabi.
Christian Terror Victim Protected ‘Mohammed the Zionist’ from Terrorists
Latest News Stories
Christian Israeli Kay Wilson and Mohammed "Zionist" Zoabi.

Anti-Zionist Arabs don’t always distinguish between Jews, Christians and Muslims.

Armed Palestinian Authority soldier, whom Abbas says he won't order to kill Jews but won't be able to stop him.

Palestinian Authority head says he can’t stop attacks on Jews.

Oscar-winner “Into the Arms of Strangers: Stories of the Kindertransport” has been selected for permanent preservation in the Library of Congress by the National Film Registry. The film, released in 2000, documents the rescue of some 10,000 predominantly Jewish children from Nazi-dominated Germany, Austria and Czechoslovakia in the months leading up to World War II. […]

Dr. Ben Carson is waiting for God to tell him if he should run for president.

Four arrested in crackdown on anti-assimilation group Lehava.

The decision of Uri Aril’s Tekuma faction to remain in the party and re-start a “Yesha faction” is a blessing.

PM Netanyahu lit the 5th Chanukah candle at the Kotel. We understand that he then sung a beautiful rendition of Maoz Tzur, but we unfortunately don’t have that on video.

It doesn’t pay to be a foreign volunteer soldier in the ISIS army.

This is the first flask of ritually pure olive oil made in 2000 years.

First Lebanon’s Hezbollah started the Second Lebanon War, now the UN wants Israel to pay Lebanon for damages.

Stern expressed dismay at Tzipi Livni’s merger with the Labor party.

The Islamic terrorist entered the police station and began stabbing policemen while yelling “Allah hu Akbar”.

Two girls in Kibbutz Nir Yitzchak were taking a selfie video when the rocket siren went off on Friday morning.

M. was sitting at a red light when he saw the terrorist run past him…

More Articles from Tzvi Ben-Gedalyahu
Christian Israeli Kay Wilson and Mohammed "Zionist" Zoabi.

Anti-Zionist Arabs don’t always distinguish between Jews, Christians and Muslims.

Dr. Ben Carson is waiting for God to tell him if he should run for president.

The decision of Uri Aril’s Tekuma faction to remain in the party and re-start a “Yesha faction” is a blessing.

The decision to not publicly light the Menorah in Sydney, epitomizes the eternal dilemma of Judaism and Jews in the Diaspora.

Is Sydney also going to turn out the lights on Christmas trees?

Are machine gun shots all night long and the death from a “work accident” not enough evidence for the EU court?

The State Dept. re-defines “unilateral” and won’t veto a resolution that does not explicitly ”prejudge” outcome of peace talks.

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: