Excellence COO: Maoz was not fired

Excellence Nessuah COO Moshe Barmack: Maoz is still serving as Excellence director and chairman of the fund committee. He is just no longer the official face of the company and chief economist.

"Shlomo Maoz was not fired from Excellence Nessuah Ltd. (TASE: EXCE). He is still serving as the director and chairman of the fund committee in the investment house. He is just no longer the official face of the company and chief economist," Excellence Nessuah COO Moshe Barmack said yesterday during a Knesset Finance Committee session on Maoz's statements about the Ashkenazi elite. Maoz and Excellence CEO David Baruch did not attend the session, despite the fact that they were summoned.

"The investment house serves the entire public, including people from all walks of life, and investment decisions are made regardless of ethnic affiliation. Shlomo Maoz has been removed as the investment house's official face of the company, but he is still a board member, as well as the fund committee chairman," Barmack added.

Are they not as good?

Knesset Finance Committee chairman MK Moshe Gafni (United Torah Judaism) sharply criticized Excellence, saying, "A year ago, Maoz spoke out against the haredi (ultra-orthodox) population and no one said a word. Now, when he states a fact - that only Ashkenazi people are in positions of control in Israel - he gets fired. What is that about?" Gafni asked.

Gafni agreed with Maoz's statement. "Why don't we see more Sephardic people in government positions, in the court houses, and in public institutions? Are they not as good?" Gafni also used the "white tribe" expression that Maoz used, and said that he does not know who made up this expression.

Published by Globes [online], Israel business news - www.globes-online.com - on January 24, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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