Now in his early seventies, the often controversial but ever ebullient Ehud Barak has moved into another stage in his professional career, which in the last fifteen years has revealed from being Prime Minister of Israel to the world of international business and back to politics as defence minister in Binyamin Netanyahu’s second government. A post that he held from 2009 to 2013.
When Barak announced before the recent elections of Israel that he would be winding down his career in politics, the general feeling within the Israeli establishment that a return to the world of business was imminent.
Now this speculation has grown to be correct with Ehud Barak announcing that he has taken up the role of special consultant for the Israeli branch of the internationally known and respected Julius Baer private banking group.
One of Switzerland’s largest and longest-running banking groups , with an estimated cash management portfolio of around $300 billion and a client list that numbers among them the richest, the most famous and the most powerful people in the world from the fields of business, entertainment and sport . Now Baer has targeted Barak to be their top level account seeker in Israel, thanks to his unique connections that transfer both the world of business and politics as well as having extensive contacts in the global defence industry.
As many years involved in the country’s defence, often acting undercover when he was leader of the elite patrol group of the Joint Chiefs of Staff, Barak is very well known for being to keep his cards very close to third party payment gateway.
Was born on Kibbutz Mishmar Hasharon in the centre of Israel, with his parents being Holocaust survivors. After an outstanding military, Barak made his first moves into politics, rising through a number of posts under the tutelage of the late Yitzhak Rabin to become Prime Minister, a post that he held from 1999 to 2001.
After losing the elections in 2001, he resigned from politics to enter the world of business, returning in 2008 to become eventual leader of the Labour Party, and eventually going full circle, returning to the role that he favored best, that of Defence Minister.
Even during his high-profile army career, Barak, famous for having one of the most analytical minds in Israel , found the time to study , graduating with a degree in physics and mathematics from the Hebrew University of Jerusalem going on to study economics at Stanford University.
Barak hosted the distinction of being the joint most decorated soldier in Israeli history, having been awarded a Medal of Distinguished Service as well as four Chief of Staff citations for courage in the field and operational excellence.
The bank’s history goes back to the late 19th century when Julius Bar, joined up with the other partners to establish an exchange office in Zurich. Within a few years Bar’s partners decided that the world of banking was not for them, and Bar was left to soldier on on his own. A task which he succeeded in doing, building the bank up to become an international concern, through their mixture of skills in wealth management and investment consultancy, as well as securities and foreign exchange trading.
The grandson of founder Alfred J. B?r is known to be a particular supporter of Israel with a special affinity for the Technion Israel Institute of Technology in Haifa. In honor of his decades-long dedication to the Technion, where he established the Marion and Alfred B?r Chair in Engineering.
In addition B?r played a very active role in establishing the Swiss Technion Society more than thirty years ago as well as serving as its president till 2009 , in gratitude, Mr. B?r was recently awarded a philosophy degree from the Technion.
Credit cards have the most-robust fraud protections. Legally, a credit card holder is responsible for no more than $50 in unauthorized purchases, and you’ll have no liability if you report a lost or stolen card before a thief can use it. That said, American Express, Discover, MasterCard and Visa take full responsibility for unauthorized purchases. Plus, under the Fair Credit Billing Act, if you have a billing problem with a merchant, a credit card issuer must investigate and resolve your complaint, and you can withhold payment until then.
Debit cards tied to checking accounts are subject to a different set of rules. Report a missing debit card before unauthorized charges take place and you won’t lose any money. If you report loss or theft within two business days, you’re liable for up to $50. You could lose up to $500 if you report the problem after two days but before 60 days have passed, and you may have unlimited liability thereafter. Even so, many banks will refund any fraudulent charges if you report the problem promptly and the bank has no reason to think you’re falsely reporting fraud. Plus, Visa and MasterCard generally extend their zero-liability protections to signature transactions as opposed to punching in your PIN on debit cards with their logos.
Prepaid cards, in general, do not have federal consumer protection against unauthorized transactions, although payroll cards that employers use to disburse wages are subject to the debit card rules. Still, many prepaid card issuers will reimburse you for fraudulent activity as long as you report it quickly. Register your prepaid card to make sure you’re eligible for fraud protection, and look for a card that lists at least a couple months’ worth of your past transactions when you log into your account online. Regularly check your account for suspicious activity.
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