Dankner’s fall || An earthquake in Israel’s old-boys'-club economy
Crony capitalism was the big loser in the court’s decision on IDB Holding Corp.
“For several weeks I tried to interest Israeli and foreign investors in competing for IDB Holding Corporation. They all said they were very interested in the assets but didn’t want to take on Nochi Dankner and all his friends,” an experienced business broker told us some months ago, when the court solicited additional debt settlement offers for IDB Holding. “They feared...
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