US Billionaire Political Foes Unite to Fight Israel Boycotts
One donated more than $100 million to the Republicans, the other has been the Clintons’ biggest backer. Now billionaires Sheldon Adelson and Haim Saban, split on U.S. politics, have united to fight boycott threats against Israel.
Adelson and Saban hosted a conference of pro-Israel business executives and activists over the weekend in Las Vegas, to begin an initiative aimed at countering the growing threat of international sanctions against Israel.
“That he’s a Democrat and I’m a Republican has really very little to do with it,” said Las Vegas Sands Corp. founder Adelson, who holds the 25th slot on Bloomberg’s Billionaires Index, in a joint interview with Saban on Israel’s Channel 2 on Saturday. While you can “rest assured” the two men will not be supporting the same person in the 2016 presidential election, Saban said, “when it comes to Israel, we are absolutely on the same page.”
Israeli Prime Minister Benjamin Netanyahu has identified the global trend to boycott, divest and sanction Israel over its policy toward the Palestinians, known as the BDS movement, as a major threat.
The boycott issue gained new prominence after Stephane Richard, chief executive officer of Orange SA, said on Wednesday that the Paris-based telecom company would end its licensing deal with Israel’s Partner Communications Co. “tomorrow” if he wasn’t concerned about legal repercussions. Richard later apologized for his comments, made in response to a question over a threatened boycott of Orange’s Egyptian subsidy, Mobinil, and said they weren’t motivated by political concerns. (Read more from “US Billionaire Political Foes Unite to Fight Israel Boycotts” HERE)
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