15/05/2008 | 16:54 Lone Star Communications
For Immediate Release 15 May 2008
Facing Tomorrow Conference Plenary Session Brings Together Prominent Leaders of the Digital World to Discuss the Future of Internet and Media
Joint US Israeli Task Force of Business Leaders Launched to Encourage Entrepreneurialism in Israeli Youth
(JERUSALEM)- The final day of President Shimon Peres's groundbreaking Facing Tomorrow Conference in Jerusalem began with a plenary session featuring five of the best known names in the world of Internet content and commerce in a salute to Israel's increasing contributions in the digital age.
Sergey Brin, who was last in Israel to celebrate President Peres' eightieth birthday opened the forum saying that he was deeply impressed by the growth he saw being experienced in the Jewish State. With an address focusing on how the Internet has dramatically changed the face of the world in a relatively short span of time, Brin described the web as "a communal effort of now millions and even billions of people and now companies."
Reflecting how the Conference had succeeded in attracting the attention of the giants in the world of global finance, the second panelist was Susan Decker, President of Yahoo, who was visiting Israel for the first time, an accomplishment that she said she has been hoping to achieve for many years. In her comments, Ms. Decker described the ways any of the Internet's media features have changed how we relate to the world. Advertising giant Maurice Levy discussed how the Internet has so dramatically changed the world of commerce.
Terry Semmel, who led Warner Brothers for twenty four years before coming to Yahoo voiced some of the frustrations that came with digitalizing content particularly how it has hurt the music industry.
Rupert Murdoch, Founder and Chairman of NewsCorp an a longtime investor in the Israeli economy announced the founding of a joint task force of Israeli and American business leaders aimed at encouraging young Israeli students to demonstrate entrepreneurialism in becoming business leaders of tomorrow. The task force was created with the encouragement and support of President Peres and will return with its findings in three months. Mr. Murdoch will be joined on the task force by Mortimer Zuckerman and Leslie Wexner.
The session was moderated by Israeli businessman Yossi Verter who stressed how Israel is increasingly attracting international corporations including R&D facilities for Google and Yahoo.
Facing Tomorrow, the first annual conference of Shimon Peres' presidency will take place in Jerusalem May 13-15marking Israel's milestone 60th anniversary, at the International Convention Center.
World leaders, thinkers and doers, artists and scientists, rabbis and entrepreneurs including the next generation of leadership will contribute to the conference's work.
# # #
FOR MORE DETAILS: Elie Bennett
(Lone Star Communications), Tel: +972-54-4766393 _