Eretz Israel Museum names hall for US fugitive

Former Comverse CEO Kobi Alexander, who fled to Namibia after being indicted in the US for fraud, donated to the museum.

Eretz Israel Museum in Tel Aviv has accepted a donation from former Comverse Technology Inc. (Nasdaq: CMVT) chairman and CEO Kobi Alexander, who fled to Namibia in 2006, after being indicted in the US for fraud relating to backdating options on the company's shares. Alexander who is still wanted by the US authorities, and his sister Shaula, donated to the renovation of the Glass Pavilion, part of which is now called the Shaula and Kobi Alexander Center.

Eretz Israel Museum director general Ilan Cohen told "Globes" that the Museum approached the Alexander family for the donation. He said, "I welcome the connection with the Alexander family that has donated to the museum over the years. The father Tzvi Alexander donated his important and rare stamp collection to the museum."

Asked about the appropriateness of the donation and naming the building for the Alexanders, Cohen said, "There are no criteria for naming buildings for people."

Published by Globes [online], Israel business news - - on December 30, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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