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Pincus Considering Resigning from Jewish Agency; Offered Bank Leumi Post

May 27, 1971
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Jewish Agency Executive Chairman Louis Pincus is considering resigning after the next World Zionist Congress in January, it is unofficially learned. He has been tentatively offered the post of Chairman of the Board of Bank Leumi Leisrael, a key position in Israel’s economy. The current Board Chairman Ernst Lehman wants to retire and is only waiting for a suitable successor. One of the candidates suggested for the post to be vacated by Pincus is Arieh Eliav, at present Secretary General of the Labor Party and formerly Deputy Minister of Immigrant Absorption. The Labor Party in principle supports Pincus’ candidacy for the Bank Leumi job because until now it has been in the hands of Liberals whereas Pincus is a Labor man, but support for Eliav’s candidacy for the Jewish Agency post is much weaker because his dovish ideas have estranged him from some sectors of his own party.

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