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The decision by former President Shimon Peres to cancel his business agreement with Bank Hapoalim is too little, too late.
The affair began April 19 when journalist Sharon Shpurer of the economic daily TheMarker disclosed that Peres, 92, would receive a monthly retainer of $30,000 from the bank in exchange for promoting the bank’s affairs. In other words, Peres, of course, has an extensive contact network from his 70 years in public affairs. As part of this agreement, he was supposed to participate in the bank’s glitzy celebration April 28 in New York on the 40th anniversary of the bank’s activities in the United States
