Erel Margalit set to enter Labor race

Jerusalem Venture Partners founder will join MKs Herzog, Yacimovich and Peretz as a candidate in September 12 primary.

By GIL STERN STERN HOFFMAN
April 27, 2011 03:16
1 minute read.
Erel Margalit with Yuval Rabin

Eran Margalit and Yuval Rabin 58. (photo credit: Courtesy)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Jerusalem Venture Partners founder and managing partner Erel Margalit is expected to enter the crowded field of candidates for the chairmanship of the Labor Party at an event in the capital on Wednesday.

Margalit will join Labor MKs Isaac Herzog, Shelly Yacimovich, and Amir Peretz, and Union of Local Authorities in Israel chairman Shlomo Buhbut as candidates in the September 12 primary race that will determine who will replace Ehud Barak at the helm of the troubled party that Barak split three months ago.

Be the first to know - Join our Facebook page.


The venture capitalist gained fame for selling the Israeli company Chromatis to Lucent Technologies for $4.8 billion in 2000, in what was the largest takeover in Israeli history at the time. His latest venture is Labor Now, an effort to registering thousands of new Labor members.

“I am registering a lot of new members to the Labor Party and there is a lot of pressure on me to run for the chairmanship,” Margalit said in a weekend interview with Yediot Aharonot’s Sever Plocker.

“I am considering it responsibly.

It is clearly not simple with everything I am involved with at JVP and my projects in Jerusalem,” he said.

“But on the other hand, to make Labor relevant again and return the party to power, Labor needs a revolution.



None of the candidates from within the party can bring this revolution, so it must come from outside.”

Margalit supported Peretz when he was elected Labor leader in 2005, as did Yacimovich.

Herzog and Yacimovich are set to face off for the first time since a date for the race was set, at a Labor event in Hadera on Thursday.

Herzog was received warmly at Mimouna events on Monday and Tuesday despite disparaging reports in Haaretz that suggested he had made negative remarks about Peretz and other Moroccan immigrants in closed conversations five years ago.

Herzog, who has vigorously denied the reports, reached out to Moroccan immigrants at the events and suggested making Mimouna an official national holiday.

Related Content

Prime Minister Benjamin Netanyahu
August 31, 2014
Prime minister to Channel 1: I’ll be running again in next election

By Gil Stern Stern HOFFMAN