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Israel’s Labor Party loses Knesset stars

With Labor’s new chair Avi Gabbay controlling the party institutions, Knesset members Manuel Trajtenberg and Erel Margalit have decided to resign from their posts.
NEW YORK, NY - APRIL 17:  Founder and Chairman JVP Erel Margalit speaks on stage at the JVP (Jerusalem Venture Partners) 2012 networking cocktail party at the Gramercy Park Hotel on April 17, 2012 in New York City.  (Photo by Neilson Barnard/Getty Images for JVP)
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The back-to-back resignations of Knesset members Manuel Trajtenberg and Erel Margalit illustrate the changes underway in the Zionist Camp since Avi Gabbay was elected head of the Labor Party in July.

While each politician has a distinct personal agenda, there is a common theme connecting the two resignations. Both men entered politics after a series of high-level achievements in their previous careers. Trajtenberg was a respected professor of economics and sociology who became a symbol of the social protests of 2011. Margalit was a talented entrepreneur who founded a venture capital firm that made him very wealthy.

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