The capital market has been asking for months: Does Nochi Dankner want to be prime minister? It started when he refused to sell control of Super-Sol to Matthew Bronfman at a 30 percent premium. The unofficial explanation was that Dankner fell in love with the connection to the people he got from the retail chain and he wasn't interested in giving it up.
"Dankner is acting like a politician who wants the public to love him," market players whispered. They couldn't find business arguments for rejecting the deal, other than a fuzzy explanation that Dankner may think the company is on the verge of growth to an even higher value.
Super-Sol's status changed during the second Lebanon war, when Dankner gave residents of the battered North financial and moral support. He believes Super-Sol is the best way to stay in touch with the people.
Dankner's future behavior in Super-Sol will give the capital market the answer to its question: Was January 2007 the date Dankner started making decisions in IDB according to political considerations, or is he still the surprising and professional manager that justifies the great esteem in which he is held?
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