Billionaires Packer and Milchan, at center of Netanyahu Investigation, Sought to Recruit Mossad Chief

Jacob Frenkel - the Israeli Economy's New Foreign Minister

Israel's new central bank chief is a great schmoozer abroad, though in recent years he hasn't been doing thorough economic research and hasn't been managing major operations.

Bottom line? The reason Prime Minister Benjamin Netanyahu chose Jacob Frenkel for a return engagement as governor of the Bank of Israel, even if he had to...