Ernest Japhet

The taxi driver exploded at the mere mention of former Bank Leumi Chairman Ernest Japhet's name on the car radio. "May he burn in hell!" the driver cursed, spitting toward the dashboard. "Where I come from, in Iraq, they would have hanged him! It's not that I like the Arabs. Of course, I hate the Arabs. As far as I'm concerned, it would be better if they were all eliminated. But at least they know the meaning of honor--and revenge."

The taxi driver exploded at the mere mention of former Bank Leumi Chairman Ernest Japhet's name on the car radio. "May he burn in hell!" the driver cursed, spitting toward the dashboard. "Where I come from, in Iraq, they would have hanged him! It's not that I like the Arabs. Of course, I hate the Arabs. As far as I'm concerned, it would be better if they were all eliminated. But at least they know the meaning of honor--and revenge."

Directors of Bank Leumi, Israel's largest bank, approved the appointment of a new chairman who was chosen to lead the bank out of a multimillion-dollar pension and severance pay scandal. Meir Heth, former director of the Israeli stock exchange, was named to replace Bank Leumi Chairman Eli Hurowitz, who resigned Jan. 13 along with other bank directors.