Search Firm Business Lead: Israel
Its not what you know, but who you know when trying to source clients for your search firm. In Israel, I suspect that is especially true. (See article and graph below) Now I have NO experience recruiting in Israel and am quite curious as to how the market is over there. Can anyone help me out?
Eighteen families controlled 32 percent of the income of Israel’s 500 leading companies in 2005, up from 28% in 2004, Business Data Israel said Monday.
The companies controlled by the families earned NIS 198 billion - the equivalent of roughly three-quarters of the country’s 2005 budget and half the business-sector domestic product - “despite the process of privatization,” the economic research group said.
“In Israel there is relatively less dispersion of control in major companies in the economy,” said BDI joint managing director Eyal Yanai, noting that the level of concentration here is more than five times that in the United States and more than twice that in France.
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Interesting… will it be a more telling example to indicate that Israel’s economy has changed when the percentage of the wealth among those 18 families drops significantly, or when an Arab family breaks into the Jewish top 18?
FYI, it’s also interesting that it’s 18 — a significant number in Judaism: 18 is represented by two Hebrew letters and also means “life” (see http://www.hebrewart.com/chai.htm ).