Skip to content
Subscriber Only

Seaside Kibbutz Mulls Changes as Socialist Fervor Wanes

As chairwoman and former chief executive officer of Plasson Ltd., Tova Posner Henkin has led a double life. Over the past three decades, she has traveled the world, devoting 15-hour days to help the global producer of industrial plastic parts triple its sales and quadruple its market capitalization since a 1996 listing in Tel Aviv.

Back home, she rides her bicycle to Plasson headquarters. When her dirty clothing piles up, she hauls her basket a few blocks to a community laundry. And she takes home less than $20,000 a year, exactly the salary of a cashier at the cafeteria where she lines up for meals.