The Canadian Jewish News, Thursday, December 24, 1981 - Page 7
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= ByBeverleystern
I TORONTO —
S A Pentecostal preacher
S who delivered a sermon
= which has been branded
= asanti-semiticby the Joint
E , C0mniunhy Relations
5 Committee has told The
= CJN he regrets his
I "wfohg words" and says
5 the tape made of ; the
= sermon has since been
= withdrawn from sale in his
church's gift shop.
According to Ben Ka:y-fetz, JCRC national direc- -lor, the JCRC is drawing up a letter to forward to Faith Cathedral QiiJJhion., Road in Etobicbke, asking that its ininister,'~Paur Melnichuk. make a.public • apology for a sermon, that is "an old-fashioned, direct assault on Jews."
Prior to Melnichuk's acknowledgement to The
CJN of his regret over the' "misunderstanding" caused by his "wrong words," the, executive of the bntario~Region of the Canadian Jewish Congress agreed unanimously to launch an official prb-^ test against Melnichiik tb^ the- provincial attorney-general . The decision was made duinng a recent executive meeting at which a tape of Melni-
chuk's sermon was played. V'
Specifically, Attqmey-General .Roy McMurtry will be asked to consider if Melnichuk is indictable under the anti-hate law provisions of the Criminal Code, Section 281, which makes illegal any "wilful incitement to hatred and contempt of any identifiable group" (that- is, a religious or racial group).
CONTEST WINNERS
Over 1,500 stadents from Toronto Jewish schools entered the first Chanokah card contest ran by the Committee for Soviet Jewry, Ontario Region. The children, hi grades 1 to 9, were told b show the plight of Soviet Jews' fight for freedom and Borvival. Standing with contest winners are David Smith of the parliamentary committee oh Soviet Jewry, Jadlth Bloom, chairman for the Committee on Soviet Jewry at SHaarei Shomayhn, and Mira Koschltzky, chakman of the Canadian Jewish Congress, Ontario Region.
e mmranm policies
to take over
JEROME SILVER. BERG, a fhianclal management consultant who provides management as-sistance to owner-managed comipanies in the Toronto area, deals here with the problems that can be faced hi a family bosbess a timely topic for those firms where the head of the family is near• hig retirement.
* ♦ •
"What's going to happen to my business when I'm gone?"
With many owners of family businesses now approaching retirement/this is a question that is frequently/asked. Yet, surprisingly, few have made any serious attempts to answer this fundamentally important question. . At issue here is the. morality of men. and the morality of their business, and as such, this is a tremendously difficult question to come to grips with.
However, ignoring the issue can only make its inevitable resolution more complex.
To further discuss, the . importaince of this issue, 1 must digress, in order to show how similar circumstances have led to strikingly siniilar characteristics aitiongst family businesses. -
The yeair was 1945 and^ men were hbnie from the war. Confidence and ambition ran high in those days, backed as they were . by. the victory in Europe and the warm welcome home. But. thoughts-Jn^ eyitabiy turned now to the tough road ahead —-settling down, building a family, some.security, and .making.rup foe the years . the war had taken away. • Some men had been able to save a little money through those tough times. Many were frustrated by the lack of jobs. The structure arid regi -. mentation that the armed
■ forces had imposed was still a . painftilly ^ vivid memory. Such was the scenario, froni which the seeds of many a family business were sowed. The r businesses that resulted were as many and varied as the arnbition and ex-
■ perie.nces of their owners.
The path to .independence wais an arduous one, to be sure. Painfully long hours, uriceiitainty, and small rewards. Neverthe-lessi the sustained eco-honiic growth of the 50s arid6{)ssaw riianyof these businesses flourish. Many--werie weir established by the tinie of the economic downturn of the 7ds, and many remain prosperous to this day.
'As many and. varied as . were ;• these bustoesses, there renialned strikingly similar characteristics. These bosihesses were started from scratch, foanded and bollt by one. owner, or a siniall groop of owners. The drive and' ambition of these owners -was the only commodity that was not . In short Bopply In those early days. The basfaieisis plam was simple, drbw.
Layer ujpon layer, these owner/managers developed a comprehensive and complete knowledge ; of their business. Little at-
tention was paid to formal controls. The years of experience made graphs, charts, and financial statements superfluous. Intuition was.the primary decision making tool.
Neither was much attention paid to employees. To the outsider was delegated bnly the most rbu-tine and least responsible of jobs.
Meanwhile, the chil-. dren were encouraged to aspire to higher education, a better way of life ... and many did. While they all grew up with the business, few had much direct cbntact with 'the biisiness: over the years. Nevertheless, deep down, father knew that someone — son, daughter, niece, nejphew — would emerge ' to take over the reigns, to maintain the family tradition, to benefit from all he had built. '
Now we stand on the threshold of the 80s.The fathers should l>e approaching the best years oftheb-liveif — economic security withont the hectic day-to-d|iy pace of a business to burden them. For many, though, the futore is still fraaght with uncertainty, three distinct, thotigh not unpredictable, patterns have emerged. .
In the first instance, the son is ihvblved in . the business biit remains in; the shadow of the father. Father is unwilling or unable to relinguish any re-sponsibiliiy or authority for the running of the _business to his heir. The second instance may or may not be an evolution of the first. Son is now in control of the business and it is father who remains in the shadows. The problem is, son: now finds himself at the controls of a rudderless ship. For son, the30 years of experience that father . used to run his business are going tocome about 25 years too late..
The third instance is.the culmination of the previous ones. There is no one person either willing or able to carry on the busi- . ness. Certainly, the business can be put up for sale, but it might'be extremely difficult to find a buyer for a business whose chief asset is the skill and experience of its present owner.
The day of reckoning is imminent. The facts in each individual case are, for better or worse, the facts, and must be come to grips .with. The single most important thing to realize is that the decision as to the ultimate fate bf a ' business is too important a decision to be left to chance. ■
The steps necessary to come to a decision are stralehtforward; The first step requires a realistic assessment of the strengths and weaknesses of the business, its owners, and its. apparent heirs. The second step requires a determination of the needs of the busi-. ness ownerand his family. The final step is to prepare a list of objectives which satisfy the needs of the famUy, while at the same time taking hi to account
S By SHEILA DROPHN
TORONTO —
In the past couple of months, life insurance policies totaling more than a million dollars have been purchased for the benefit of the United Jewish Welfare p'und's Endowment Fund.
This is, the result of a new approach by the Welfare Fund to encourage individuals to purchase policies with the Fund named as the irrevocable owner and beneficiairy,
A sum approximately equal to ,the premiums is donated by the donor to the Welfare Fund for
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those strengths and weaknesses.
The business plan is no longer so simple. The decisions to be made now by the busfaiess owner will de among the. toughest of his career. A realistic assessment may not l>e possible without the ob-
jectivity- of a professional advisor. However, regardless of how the decision is reached, only recognition of the problem and adequate planning will aQow the business owner iand ids family to truly reap the full rewards of a lifetime of work.
$100,000™
Helaine Shlff, [right] president of the Toronto chapter of the Juvenile Diabetes Reseitrch Foundation j presents a check for $100,000 to Rachel and Danny Cohen, WiUowdale, who were the winners of the fourth annual Ontario RbUs Rbyce raffle sponsoredby the Foundation. The Cohens elected to accept the oish instead of the car. Daughter Evais with her iiappy parents. Marray Wars Toronto) was ahother lacky winner in the draiw held on Dec. 5 — his prize a JVC stereo
and
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which he receives a tax deductible receipt. The Welfare Fund uses the Income to pay the pre-miams.
Or, under another version of the plan, hndivid-naJs may use existing policies and substitute the current beneficiary with the Welfare Fund- The donor gets a receipt for the cash surrender value of the policy.
Insurance professional Harvey Shaw has provided the leadership in initiating this program. Others who. have worlced with him are Leo Fenson, Irvin Pitch, Earl Wintrob, Mel Gilbert and AI G.Brown.
Says Shaw: "The insur-' ance purchasers are providing for meaningful charitable gifts at comparatively nominal cost and the Welfare Fund can anticipate an income m years to come as a hedge against future financing needs."
Shaw says a special feature of this insurance effort is that the companies underwriting the policies looli upon United Jewish Apjjealdonors as a group and provide some of the concessions usually
offered in group policies — including covering some .people who might ordinarily be deemed uninsurable for health, reasons, providing there is a . sufficient number of insurable people in the program to balance the difference.
Shaw added that he has commitments for future discoimts in other types of insurance if several hundred life policies can be written under this program.
"Of course, the UJA campaign Is primary," Fenson added. "A donor's participation in this program is iabove and beyond his gift to UJA. But w&feel that It Is vital that the community work together to develop a m^or endowment fund to providie for the financial solvency of the WelfareFond so that it may continue to provide a high level of service."
Each participating agent has agreed to purchase a policy of his own to give the program a solid foundation and so that he can readily approach a client with the information that he is a participant, as well.
Generally, the premiums run between 1 % and 2% of the amount of the policy. For example, at age 35, a man can purchase a $20,000 policy at a cost of $206 per year. In addition, provision has been made forsirigle premium policies — a 50-year old man could purchase a 545,000 policy whh a onetime payment of $5,000; the same payment would result.m a $100,000 policy for a 35-year old. (Rates for women are lower.)
"We would like as many agents as possible to participate in this program," Shaw said.
Anyone Interested In purchasing a policy as a charitable gift to the UJWF should contact his or her agent or Ben Schneider, at 9^-3811. Agents wishing to participate hi the plan and who would like additional Information shoiild call Harvey Shaw at 224-2818.
"the tape, which was sold in the Faith Cathedral gift shop, reviles Jews in
: language not heard in this day and age," Kayfetz
' said.
Kayfetz reported that Melnichuk is from New Jersey, graiduated from a Pentecostal seminary in Ontario and is no longer affiliated with the official Pentecostal assenibly. His congregation is about two years old and has a membership ofabout 300 to 400 people.
On another JCRC matter, Kayfetz reported to the Ontario CJC meeting that the post office recent^ ly announced two postal bans of material deemed anti-semitic.
One ban forbids postal distribution of a Hungarian publication called Utescel, which emanates from Australia where a Hungarian emigre population now exists.
Another ban puts a lid on any majling 6f literature under the rubric of Samisdat, published by Ernst Zundel, who distributes Nazi literature from Toronto.
Zundel's literature is prohibited under the regulation of the criminal code which bans use of the mails for purposes of incit-Jng racial hatred and contempt, Kayfetz predicted Zundel would "fight like a tiger" against the ban. He said Zundel had already launched an appeal. But no problems were anticipated with the ban on the Hungarian publication because no appeal had been made, Kayfetz said.
The
Restaurant
Middle Eastern
Cuisine . •
Belly Dancing Floor Show from 9 p,m.
• ■ ■
Open Daily 11:30 a.m.-l a.m. Sunday 3 p.rn.-lO p.m. (dinner only)
507 Bloor Street West
for reservations
961-4451 .
SUPER NEWS!
SUPER SUNDAY I 82
JANUARY 17
1181 Finch Ave. West Downsview
(1 stoplight east of .Keele: beside the undei-pass)
Reservations
638-3228
Steak & Lobster House
Specializing in Steaks, Seafood, Roast Beef, Barbeqiied Back Ribs and Garlic Bread.
Reserve now for the holiciays and New Year's Eve.
Luncheons 12 - 3 Dinner 5-12
Free Parking Fully licensed-
All ma/or cards accepted. .:
Happy jioliday
from the Staff of Loblaws
Brian Edwar(js, Manager 480 St. Clair - St. Clair & Bathurst Carl Breitner, Manager Bayview Village - Bayview & Sheppar(j Barry Cameron, Manager Towne & Countrye - Yonge & Steeles Mike Demers, Manager Hillcrest Mall - Richmon(j Hill on Yonge Dale Brumwell, Manager 3555 Don Mills - Don Mills & Finch ■ Jerry Dach, Manager 270 Wilson - Wilson & Bathurst
When you shop Loblaws 270 Wilson.be sure to visit Abram's Kosher Mart; featuring a ' fuJi selection of meats, fresh fish and poultry
6 Toronto stores serving the needs of the Jewish Communtiy
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