Attorney Eyes Golf As Business Career ISRAEL DIGEST Specially compiled by The Jerusalem Post — $1 EQUALS 2.8710 MS (shekels) - Close Price 7/3010T- Class-Action JENNIFER FINER JEWISH NEWS INTERN Eric Krause caddies for Michael Allen. N ast summer, Eric Krause went from tak- ing the bar exam to spending three days in a parking lot looking for a job. Mr. Krause, of West Bloomfield, took his passion for golf and his uncertainty about what he wanted to do after law school to the park- ing lot of the Buick Open in Grand Blanc. He was look- ing for work. Now, he is a caddy for 34- year-old professional golfer Michael Allen and has hopes of organizing corpo- rate outings during tourna- ments and negotiating con- tracts for players. "Being on the inside and knowing what goes on with the game, I can see business opportunities, and that's an opportunity for me to make a good living," said Mr. Krause, who is working the Buick Open this weekend. Mr. Krause says there are two different types of tour caddies, the "lifers" and the "wanderers." The lifers want to stay with their job forever. The wanderers are not quite sure what they want to do. Mr. Krause describes himself as a wanderer. "I came out of law school with no focus and I was not ready to go into the tradi- tional practice of law. I also wanted to see the country and I realized there were opportunities out there," he said. "I'm seeing opportunities to organize corporate out- ings during the weeks of "I was not ready to go into the traditional practice of law." some PGA tournaments next year." Corporate outings are a promotional tool used by large companies. "They buy spots to play with professional golfers and then usually give the spots to their clients or top sales people, the idea being that the money raised goes to a local charity," Mr. Krause said. Mr. Krause eventually plans to get into player rep- resentation, where he would negotiate player endorse- ment contracts with golf clubs and clothing manufac- turers and other golf-related .'~111101111111111.0114INIIIMIIMMIWitlath. - industries. "Big sports management firms don't hire outsiders," he said. "Being on the inside gives me a chance to meet the people I would be work- ing with." While Mr. Allen and his 27-year-old caddy have become good friends off the course, when they are on the green it's strictly busi- ness. During a tournament, Mr. Krause must be aware of all the conditions on the course, including helping with club selection, reading putts, gauging the wind and know- ing the exact yardage. "I am a confidante and a sports psychologist," he said. "I try to keep him relaxed and focused as a professional and I try to take away all the things he has to think about. He does all the shot-making, but I'm his right-hand man. He treats me like we're a team." Since they have teamed up, Mr. Allen is having his best year on the tour. "We've had a few good chances; it's just a matter of time," he said. Mr. Allen is ranked 59th on the money list with $194,000, which virtually assures him a spot in the PGA Championship next week. A caddy's salary ranges from $400 to $700 a week, Mr. Krause said. "I also earn a percentage of his winnings. The percentage is where you make your money. "It's an escalating per- centage based on his finish, up to 10 percent for a victo- ry in a tournament, and it's been lucrative." Mr. Krause said his job includes such perks as golf- ing with Mr. Allen on some of the nation's greatest courses, golf clothing, clubs and other equipment. He also receives discounts on airline trips and car rentals when he is traveling with the tour. "My friends are happy when I come home because they get to restock their golf bags," he said. Between January and November, Mr. Allen plays in 30 PGA tournaments. "We usually play three or four tournaments in a row and then take off one or two weeks. The traveling gets to be a grind. It's nice to get home and see my family and friends," he said. El Two class-action suits have been filed against Scitex and its officials by investors in the United States. The suits allege the com- pany violated certain pro- visions < of the U.S. Securities Act of 1934 and other laws with its report 10 days ago of lower-than- expected results for the second quarter. According to Scitex, com- plaints have been filed in both the U.S. District Court for the Eastern District of New York and the U.S. District Court for the District of Massa chusetts in Boston. In a statement, Scitex said the company and the other defendants insist the claims are without merit and intend to defend the suits vigorously. Bid The Clal GroUP, through Clal the Burger discussing ow r .. the fr an g p 'the Burger l ain'' in Israel, ce close Burger Ranch branches into Burger Kings, the source said. The source added this would give Burger King a competitive advantage over McDonald's, which is scheduled to open its first branch by the end of the year. Trade Deficit Jumps 11 Percent The Israel trade deficit grew 11 percent to $3.6 bil- lion during the first half of the year compared to the same period in 1992, the Central Bureau of Statistics reported. Exports, however, increased 11,4 percent to $4.9 billion. About half the deficit derived from trade with the European Community, reflecting a 16 percent increase from the same period last year Trade with the United States, excluding defense and diamonds resulted in a deficit of 470 billion during the first six months of the year, a 28 percent jump compared to the same period in 1992. Exports to the former Eastern bloc nearly dou- bled, while those to Asia grew by a third. The increase in exports to these countries accounted for half the overall export growth. Israel Finance Minister Avraham Shohat and Bank of Israel Governor Jacob Frenkel announced they are raising the mid- point of the "crawling peg" exchange rate by 2 percent and lo g ra moves are intended to improve the economy and rid it of existing distor- tions. The cancellation of the foreign exchange insur ance to exporters and the 2 ercent l evy mean dev,„ Me morex" 'p under its own name, Gambit's Gam View man- agement programs to North America, Asia, and Europe. The products will go under the MTX System 6000 Networking Solution name. The rqlationship be- ',0101011111111110,weywi.P. eeri a mbitiai rex is being termed strategic alliance relation4 ship by the two sides. '1 1(P be able to supply Memo- rex's needs, Gambit has been obligated to begin producing the products in the United States within thremonths.