,
Where Do All Our Dollars Go?
7
\
OUR SINCEREST THANKS
brilliantly, it couldn't possibly
serve all the worthy causes there
that the government is unable to
support. Probably the best-known
case of a new organization that
has filled some of these gaps is the
New Israel Fund. But the list of
worthy causes and their associ-
ated fund-raising campaigns
abroad grows longer all the time.
TO THE MANY WELL-WISHERS
WHO HAVE PROVIDED US WITH
COMFORT DURING SAM'S RECOVERY.
The increasing sophistication of
Diaspora Jewry and the desire of
individuals and communities for
direct involvement in Israel has
been universally welcomed as a
positive trend. But it has spawned
independent federation projects
in Israel that are seen by the
Agency fund-raising establish-
ment as threats to the unified
campaign. The opening of offices
in Israel by the federations of San
Francisco and Los Angeles are
seen — rightly or wrongly — in
this light. But it is also no acci-
dent that some of the most in-
formed and critical people in-
volved in the Agency come from
these two communities, and that
both are also involved in attempts
to improve the work of the WZO in
America.
GAIL and SAM NOVETSKY
and FAMILY
.
.
7
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THE DETROIT JEWISH NEWS
(313) 843-8901
1
Thus a greater amount of direct
community or organizational ties
to Israel that departs from the
model of the unified campaign is
to some extent inevitable in the
present state of Israel-Diaspora
relations. But some of it also
stems from a sense of pessimism
that the forces in control of the
Agency and WZO will never agree
to
major changes in the status
quo.
For years there have been all
sorts of organizational barriers
built up between where the
money from the Agency and WZO
actually comes from — the leaders
and other members of local corn-
munities — and where it goes in
Israel. Whether it was intended or
not, these barriers served the
purpose of separating those who
actually give the money and sol-
icit it from others from those who
spend it. These barriers had
names too: UJA and UIA.
But the recent emergence of the
CJF Jewish Agency Committee
and the expansion of community
federation representation on the
UIA have broken down some of
these barriers, thereby enhancing
the ability of the communities to
review what is done with their
money and putting them in a bet-
ter position to press for changes in
the Agency: Still, significant pro-
gress toward their goal of de-
politicizing the Agency will prob-
ably not occur until they demon-
strate that they are willing to face
the ultimate showdown: turning
off the flow of money that runs
through the UIA. Sitting now in
greater numbers on the UIA
board, with their hands on the
tap, how will they proceed if this
becomes the only way to reach
their goal? ❑
Charles Hoffman is a veteran reporter
for the Jerusalem Post who has written
frequently on the Jewish Agency and
Israel-Diaspora relations.
New Charges Raised
In Bank Scandal
Jerusalem (JTA) — Finance
Minister Moshe Nissim refused
last Sunday to convene the
ministerial committee charged
with implementing the recom-
mendations of the Beisky com-
mission which rendered its
report two months ago on the
1983 bank shares scandal.
Energy Minister Moshe
Shahal demanded that the com-
mittee meet amid growing con-
sternation over one bank direc-
tor's refusal to resign and
charges that another received
disproportionate compensation
for stepping down. But Nissim
insisted there was no point for
the committee to meet until the
team of professionals studying
the report completes its work.
The commission, headed by
Supreme Court Justice Chaim
Beisky, issued a scathing report
on April 20 accusing Israel's
five largest commercial banks of
grossly inflating the value of
their shares to mislead investors
leading to the financial panic of
October, i983.
Attention was f,.)cussed on
Raphael Recanati, chairman of
the board of the Israel Discount
Bank, who refused to quit when
the deadline passed. His col-
leagues at the other banks have
all stepped down, and Michael
Bruno, the newly appointed
Governor of the Bank of Israel,
demanded that Recanati do
likewise.
Recanati threatened in media
interviews to pull the Recanati
family out of the Discount Bank
which they have largely owned
for years. Bruno refused to com-
ment but apparently decided to
wait several days to study legal
means to bring about Recanati's
departure.
Nissim, for his part, argued
that the Cabinet had no reason
to discuss the personal implica-
tions of the Beisky report since
that was the province of the cen-
tral bank, headed by Bruno. t.
Meanwhile, Labor MK Haim
Ramon, a member of the
Knesset's State Control Corn-
mittee, received a sharp rebuff
from a top official of the Bank
Leumi whom he had asked for
details about compensation
awarded its former chairman,
Ernest Japhet.
Japhet resigned immediately
after the Beisky report was
released. According to Ramon,
he was awarded $5 million, plus
his year's salary in advance
along with "vary generous" ex-
penses, and receives a monthly
pension.
Ramon alleged that the deci-
sion to grant him a $5 million
severance was made in secret by
a four member committee of the
bank's directorate.