New Business School Announced

Emanuel Rackman, president of the Bar-Ilan University, announced here the establishment of a new School of Economics and Business at the university of Israel which will emphasize the teaching of American methods of management and business administration.

“The new school will help meet Israel’s crucial need for a corps of highly trained business executives, managers and administrators,” Rackman said in an address to some 500 people who attended a dinner and academic convocation at the Pierre Hotel last night.

The groundbreaking for the new facility will take place at commencement exercises on the university’s Ramat Gan campus June 23. Building construction is scheduled to be completed by the end of 1985, Rackman reported.

Gifts totalling $3.5 million toward the schools’ goal of $10 million were announced at the dinner by Rackman who conferred honorary degrees of Doctor of Humane Letters on S. Daniel Abraham and Jerome Stern, New York industrialists and philanthropists who are among the five founding chairmen of the new school.

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