web analytics
August 20, 2014 / 24 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
The Gaza Region
Live Updates: Hamas Rockets Land Along Coast, In Border Towns (15:21pm)
Latest News Stories
Ashkelon home damaged in missile attack from Gaza on the eighth day of Operation Protective Edge, in July 2014. (archive)

Another miracle for the Jews in Israel — this time in Ashkelon, where a missile exploded directly on a house but hurt no one.

Palestinian Arab media manipulation trapped British Consul-General of Jerusalem Alastair McPhail into making a political statement -- or did it?

An international media outlet has caught Britain’s Consul-General to Jerusalem, Alastair McPhail in a photo wearing the PA logo scarf.

House in Sderot struck by Qassam rocket fired from Gaza on Friday, August 8, 2014. Israel Police.

Sapir College in southern Israel has canceled classes and exams for the day due to resumption of rocket fire from Gaza.

IAF fighter jet heads back to  Gaza.

Israeli pilots attacked a terror cell in Zeitoun, Gaza on Wednesday morning. One terrorist was killed and five were injured.

15:21 pm Multiples: Ashkelon and surrounds, Gaza Belt communities 15:04 pm Multiples: Gaza Belt communities 14:59 pm Gaza Belt communities, again! (Nahal Oz, Alumim) 14:55 pm Gaza Belt communities 14:53 pm Be’er Sheva 14:46 pm Multiples: Kerem Shalom 14:43 pm Yad Mordechai 13:57 pm Ashkelon, Ashkelon coastal region district (House sustains direct hit, damage but […]

Longshoremen pulled a fast on anti-Israel picketers and are unloading the Zim ship that was blocked from unloading last week.

Deif may, or may not, have escaped the bombing raid. His wife, at least one of them, was killed. Is Haniyeh next?

One by one, slowly but surely, the State Dept.is waking up.

Islamic State allegedly beheaded one American journalist, has threatened another with the same fate.

PRESS [F5] to refresh this page: 1:38am IDF Homefront Command directs Haifa and Carmel regions to also open public bomb shelters. Nahariya (Northern Israel) opened their public shelters as well, as per their mayor’s request, not the IDF.. 1:29am Ashkelon, Ashkelon Coast, Yad Mordechai, Zikim… (multiples all) 12:47am Reports that IDF has been targeting over […]

“Seeing the Bible come to life is quite remarkable” – Rick Santorum

The United States holds Hamas accountable for all rocket attacks on Israel, U.S. State Dept. spokeswoman Marie Harf told reporters at the daily oppress briefing Tuesday. Asked if the rockets that broke the cease-fire were launched from Gaza, she said, “It came from Gaza, and Hamas has responsibility for Gaza.” Harf also that there has […]

The body of a 21-year-old Ohio native serving as a lone soldier in the IDF was found on Tuesday, two days after he was reported missing, military spokesmen announced. Corporal David Menachem Gordon of the Givati Brigade was found with his personal Tabor rifle beside him. He had last been at the Tzrifin army base […]

The U.S. State Department has declared the Mujahedeen Shura Council in the Environs of Jerusalem (MSC) a foreign terror group.

Fatah launched a diplomatic assault as Hamas terrorists renewed a military assault against the Jewish State late Tuesday.

Hezbollah has lowered the minimum age to join the terrorist organization from 18 to 16.

More Articles from Tzvi Ben-Gedalyahu
ZIM ship near Oakland, Ca port.

Longshoremen pulled a fast on anti-Israel picketers and are unloading the Zim ship that was blocked from unloading last week.

Wanted dead and not alive: Mohammed Deif

Deif may, or may not, have escaped the bombing raid. His wife, at least one of them, was killed. Is Haniyeh next?

“Seeing the Bible come to life is quite remarkable” – Rick Santorum

The United States holds Hamas accountable for all rocket attacks on Israel, U.S. State Dept. spokeswoman Marie Harf told reporters at the daily oppress briefing Tuesday. Asked if the rockets that broke the cease-fire were launched from Gaza, she said, “It came from Gaza, and Hamas has responsibility for Gaza.” Harf also that there has […]

Israel waited 12 hours to deny an agreement. Abbas talked with Mashaal while Shin Bet busted coup plot.

People who made up stories about great miracles in the war lack the faith to see the everyday hidden miracles.

Israel will once again have turned victory into defeat if the rumored truce goes into effect at midnight

Hamas set up cells in Judea and Samaria and Jerusalem and planned terrorist attacks on Temple Mount.

    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: