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Economy16:36 · 1h ago

Altshuler Denies Reading Contract, Questions Late-Night Meetings

By רותם שטרקמן
Translated & summarized from TheMarker by baba
The story · English

Giora Altshuler, a former executive at Altshuler Shaham, has stated he did not read the acquisition contract and questioned the necessity of late-night meetings, implying he was not involved in the final stages of the deal. The acquisition of Altshuler Shaham by the Menora Mivtachim group is expected to lead to the rebranding and phasing out of the Altshuler Shaham brand within 18 months.

The article also touches upon various other financial and technological topics, including Israeli startups in AI security, the potential sale of private islands or castles, concerns in Silicon Valley regarding AI warnings, a 92-year-old mathematician and a 15-year-old student reaching a significant achievement, information for parents about autism in 2025, investment opportunities in Poland, a guide to the S&P 500 for Israeli investors, and the workings of a bank index ETF. It further mentions record highs for the dollar-shekel exchange rate over 30 years, a guide to stock market investing, and personal financial success stories, including one individual earning NIS 20,000 in a single day. Additionally, it discusses the potential impact of providing land and housing to those returning to kibbutzim, a shift in destination for Israeli tech professionals in the US from Silicon Valley and New York to other locations, real estate transactions involving apartments and cottages, and a tax dispute concerning employee transportation that is headed for the Supreme Court.

Read the original at TheMarker
Full coverage · 1 outlets
First: TheMarker · 3h ago

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