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In 1981, then-defense
minister Ariel Sharon
offered the 31-year-old Mr.
Genger the position of head-
ing the ministry's export
department. However, both
the defense establishment
and the press were incensed
at the selection of an expa-
triate for such a senior
defense position.
Bowing to the criticism,
Mr. Genger withdrew his
nomination, and after serv-
ing a period at the
Economics Ministry,
returned to New York.
When he came back to
Israel in 1986 as a foreign
investor the press wasn't
much more enthusiastic.
After winning the bid to
purchase Haifa Chemicals,
rumors circulated that Mr.
Genger planned to close
down the Haifa factory and
move the company overseas.
There were also reports
that he had used his friend-
ship with Mr. Sharon —
who was then minister of
trade and industry — to
inappropriate advantage.
Mr. Genger vehemently
denies the charges.
The press, however,
hasn't been Mr. Genger's
only critic. State
Comptroller Miriam Ben-
Porat has criticized the
investment incentives which
Genger received to build the
Negev plant.
Under current laws that
encourage investment in
Israel's development areas,
30-40 percent of Mr.
Genger's initial investment
in the new factory will be
subsidized by Israel, which
is also obligated to provide
necessary infrastructure.
Besides Haifa Chemicals,
Mr. Genger holds a large
share in Laser Industries.
Although he once owned the
weekly political newspaper
Haolam Hazeh and flirted
with other media purchases,
including the Jerusalem
Post, he has no current
media holdings in Israel.
Although he has set an
impressive example, his cru-
sade to promote investment
in Israel by American Jews
is more difficult to pursue
today than it was a decade
ago.
Besides the recession,
many of the former Wall
Street powerhouses have
spent time behind bars,
including his friend Mr.
Milken, who, in his opinion,
received an exaggerated
condemnation and a dispro-
portionately severe prison
sentence. ❑

Allison Kaplan Sommer

is a reporter for the Jeru-
salem Post.

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Zachor Holocaust Memorial Center

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