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January 24, 2017 / 26 Tevet, 5777

Posts Tagged ‘CEO’

Amazon CEO Visits Israel as Online Giant Looks to Expand Presence

Thursday, December 15th, 2016

{Originally posted to the Tower Magazine website}

Amazon’s founder and chief executive secretly visited Israel as the online retailer moved forward with plans to expand its presence there, Haaretz reported Tuesday, citing Israeli media.

While in Israel, Jeff Bezos was said to have met with management and employees of Annapurna Labs, based in Yokneam in northern Israel, which Amazon acquired for $360 million in 2015.

While neither Amazon nor Annpurna confirmed the plans, the online retailer is reportedly seeking to headquarter its Israeli R&D operation in Haifa and expects to employ some 800 people there within two years. That workforce would include 200 employees from Annapurna, who would be relocated from Yokneam.

Engineers from Annapurna have developed specialized chips that Amazon uses in its servers to more efficiently provide retail and cloud computing services.

Amazon, which Haaretz described as “a relative latecomer to Israel” compared to tech companies like Microsoft and Google, has also entered into an agreement with state-owned Israel Aerospace Industries to upgrade the Boeing 767S fleet that it will be using for Prime Air, a cargo carrier that the retailer is developing.

Tower Magazine

NYT: Trump Would ‘Love To Be The One’ To Make Peace Between Israel, PA

Tuesday, November 22nd, 2016

President-elect Donald Trump told top editors, White House reporters, top presidential campaign reporters, senior managers, editorial-op-ed writers editors and writers from The New York Times on Tuesday he would “love to be the one who made peace with Israel and the Palestinians.” Trump’s remarks were posted by various New York Times reporters and editors in a series of live tweets released on the NYT website.

“That would be such a great achievement,” he said.

The president-elect was then quoted in a tweet by Elisabeth Bumiller: “Jared Kushner could help make peace between the Israelis and Palestinians.” The meeting was a “take no prisoners” opportunity for Trump to clear the air on media “misunderstandings” about his positions on the alt-right movement, neo-Nazis, the KKK, and similar issues.

Asked bluntly about the Nazi conference in DC this past weekend, Trump said, “Of course I disavow… and condemn them.” Likewise, he answered a similar question from executive editor Dean Baquet, who asked whether he felt like he had done things to energize the alt-right movement.

“I don’t think so, Dean,” he replied. Nevertheless, he added, “I don’t want to energize the group, and I disavow the group. It’s not a group I want to energize, and if they are energized, I want to look into it and find out why.”

When the questions turned to his appointment of former Breitbart News CEO Steve Bannon, Trump said flatly, “If I thought he was a racist… or alt-right or any terms we would use… I wouldn’t even think about hiring him.

“I think it’s very hard on him. I think he’s having a hard time with it. Because it’s not him.” But Trump noted “a lot of people” were coming to Bannon’s defense. Among them was Reince Priebus, his new chief of staff, who spoke from the conference table during the meeting.

Among those the president-elect listed on his “Like” list was Democratic Senate Minority Leader Chuck Schumer of New York, who he said he’s liked “for a long time.”

Hana Levi Julian

Official: Israeli CEO Salary Cap Law May Result in Hundreds Fleeing Banking Industry

Monday, June 20th, 2016

As many as 80 senior employees at Israel’s two largest banks, Hapoalim and Leumi, are threatening to leave shortly, in response to a new law capping the salaries of senior bank officers, Israel Army Radio reported Monday. The report cites a letter from the Supervisor of Banks in Israel Bank Hedva Bar to Justice Minister Ayelet Shaked (Habayit Hayehudi), which warns that as many as 215 senior bank administrators are expected to retire from the two top banks. Bar added that in the rest of Israel’s banks the numbers of departing administrators would be smaller.

So far Bank Hapoalim CEO Zion Keinan and the number two administrator at Bank Leumi Danny Tsiddon have already retired, and according to Bar there are 39 high ranking administrators at Hapolalim and 43 at Leumi who are at a very high risk of retiring.

These figures are particularly worrisome to Bar, who wrote that such mass departure could expose the banks to a real crisis — a managerial breakdown as well as a loss of knowledge and experience. The banks are preparing for such a scenario and have set aside the funds in case all these CEOs would be leaving close to one another and the banks would have to lay out their severance pay all at once — about $70 million.

Meanwhile, the banks have lost their first appeal to the Supreme Court against the salary cap law. And the Knesset, the Finance Ministry and Israel Bank have informed the court that they object to an interim ruling on the senior CEO salary cap law. The banks were asking for the time out to try to figure out whether the salary cap would include the severance and pension benefits the senior bank administrators have accumulated — would those funds also be limited to $650 thousand a year like the capped salaries? The banks fear that if the caps apply retroactively and include severance pay and pensions, a much larger number of bank officials would be seeking to leave before the law goes into effect in October.

The Knesset and the State argued in court that the banks are actually requesting the suspension of a law that otherwise passes constitutional muster in the eyes of the high court — something the court has applied on very rare occasions in the past.

The Knesset and the State also told the court that, assuming the appeal hearings would take roughly three weeks, this should be ample time for the banks to figure out the intricacies of the law and whether or not it applies retroactively.

JNi.Media

SodaStream CEO Angry, But Not at BDS [video]

Wednesday, June 1st, 2016

The CEO of SodaStream Daniel Birnbaum was asked at the anti-BDS conference that was held at the UN building in New York Tuesday, if SodaStream moved from Mishor Adumim, east of Jerusalem, to the Negev because of the intimidation and pressure from the BDS. Well, it turns out The CEO of SodaStream is furious, but not at the BDS movement, which he doesn’t believe has touched his company, but at the Israeli government.

He had 74 Arab employees from the PA who needed entry permits to be able to continue working in the new, huge SodaStream plant, and the Israeli government just wouldn’t issue them. Birnbaum believes Israel has thus lost 74 good will Arab ambassadors.

David Israel

Las Vegas Billionaire Sheldon Adelson Pledges $100M for Trump Presidential Campaign

Sunday, May 15th, 2016

Las Vegas casino magnate Sheldon G. Adelson has reportedly pledged $100 million, and possibly more, to help finance GOP candidate Donald Trump’s presidential campaign.

The news was reported in the Friday’s edition (May 13) of the New York Times.

The two men met last week to discuss the issue, according to two nameless Republican sources quoted by NYT who said they were not authorized to speak about the matter publicly.

Adelson, 82, and his wife Miriam met with Trump and his campaign manager, Corey Lewandowski at the St. Regis Hotel in midtown Manhattan, while the couple were in town for a gala dinner to benefit a Jewish organization.

During their chat, Trump reportedly told the Adelsons he is dedicated to protecting Israel’s security.

The billionaire has financed Republican causes over the years to the tune of hundreds of millions of dollars – but this year he plans to scale back contributions to Congressional campaigns to focus on helping Trump, according to the report.

There is, however, the thorny problem of logistics: there is a limit on how much money a single individual can give to political campaigns in the United States. In order to give really “big” money, one requires a “super PAC” — super political action committee.

On Thursday, one such group announced it would aim to raise $20 million for Trump. The Committee for American Sovereignty was formed by Doug Watts, a former aide to Ben Carson’s campaign. Watts now serves as the executive director of the group, which he said “will not accept special interest PAC contributions.”

However, up to this week Trump had not yet decided whether he will allow PACs to help finance his campaign. Last October he disavowed nine unauthorized groups and demanded they return all funds they had raised to support his campaign. It seems that now, however, he has come to the realization that for a general campaign there is no way he can gather the needed $1.5 billion through individual contributions alone. Several of the bigger powerhouse Republican superPACs are quietly gearing up to begin the job of rounding up their major givers — something that Democratic opponent Hillary Clinton  had already gotten busy with months ago — and have hired top-flight fundraisers and campaign managers to crank up the party machine.

Meanwhile, Adelson explained his reasons for throwing his support behind his fellow business mogul in an op-ed he wrote that was published in Friday’s Washington Post: “He is a candidate with actual CEO experience, shaped and molded by the commitment and risk of his own money rather than the public’s.

“I am endorsing Trump’s bid for president and strongly encourage my fellow Republicans – especially our Republican elected officials, party loyalists and operatives, and those who provide important financial backing – to do the same,” Adelson wrote.

Hana Levi Julian

Top Jewish Foodies at ‘Devil’s Thumb’ in Colorado

Wednesday, September 30th, 2015

Top restaurateurs, chefs, farmers, entrepreneurs, bloggers, cookbook authors and other Jewish food world stars are at The Devil’s Thumb Ranch Resort in Colorado’s Rocky Mountains for a three-day “Harvest” festival.

The learning and cooking event is aimed at serving up Jewish cuisine as the next major global food movement, and Jewish food leaders will explore such critical challenges as humane meat and kosher dietary guidelines as part of a dialogue aimed at enriching Jewish cuisine as a global food trend.

The Harvest issued applications by invitation to 60 participants who represent a Who’s Who of Jewish food professionals, including writer and tour guide Katharine Romanow; acclaimed chef and author Ann Cooper; Goodie Girl CEO Shira Berk; wine expert Alexander Fox; cookbook celebrity author Joan Nathan; Gefilteria founder Jeffrey Yoskowitz; Nigel Savage, founder of Hazon, one of The Harvest’s partner organizations; and Charles and Lynn Schusterman Family Foundation Vice President Lisa Eisen.

Jewish Press News Briefs

Technion Ranked with MIT for Graduates Who Are High-tech CEOs

Sunday, September 1st, 2013

Ever wondered where the most successful tech CEOs get their degrees? Bloomberg Rankings has the answer.

After analyzing the alma maters of 250 CEOs of U.S. tech companies with a market value of more than $1 billion, Bloomberg found the Technion-Israel Institute of Technology tied for seventh with MIT, Rice University and the University of Texas.

Israel is home to one of the world’s top tech hubs and Technion is where many of the country’s brightest go to train, according to the rankings.

One of those brightest is Stratasys CEO David Reis. According to Bloomberg, Reis’ 3-D printer maker acquired New York-based MakerBot Industries for at least $403 million earlier this year. The listing also cited the Technion’s collaboration with Cornell University to build a $2 billion tech campus and startup incubator on New York City’s Roosevelt Island.

JTA

Printed from: http://www.jewishpress.com/news/breaking-news/technion-ranked-with-mit-for-graduates-who-are-high-tech-ceos/2013/09/01/

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