Tuesday, April 22, 2008

Who Is Stef Wertheimer?

Early on, Stef Wertheimer, the founder of Iscar Metalworking, a manufacturer of industrial precision metal-cutting tools, decided that entrepreneurship was an answer to social and economic problems.

During the 1980s, Wertheimer spent four years as a member of the Knesset, Israel's Parliament. It was there that he came to the conclusion that he could accomplish more through industry and entrepreneurship than he ever could through government or politics. An early social entrepreneur (see BusinessWeek.com, 12/14/07), he launched his flagship industrial park, Tefen, based on his belief that creating jobs and economic prosperity in the Middle East would diffuse conflicts. Sitting in his office overlooking the Galilee, he says: "What makes peace? The answer is jobs."

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