In his role as president, Mr. Sobel will work towards securing additional partnerships and expanding the divisions presence worldwide. When sold in 1994 by Bear Stearns, Mr. Sobel's companies were employing more than 500 employees nationwide. Cliff Sobel has a distinguished record as a businessman and entrepreneur. The combination of his skills and IDT's business momentum should make for a powerful combination,'' said Dennis Bovin, Vice Chairman of Bear Stearns. IDT is fortunate to have recruited Mr. Sobel,'' said Len Lauer, President and CEO of New Jersey Bell Atlantic.
Cliff has a strong standing both in the New Jersey and international business markets.
He also has a successful track record in entrepreneurial business opportunities. Without exception, Cliff is by far the hardest working businessman and best salesman I have ever known, and I am proud that he has decided to join IDT,'' said IDT's CEO Howard Jonas. Cliff has been a beacon for the state of New Jersey, and has helped us advance our economic development tremendously,'' said Gaulberto Medina, Commissioner of Commerce and Economic Development of the State of New Jersey. Without doubt, Cliff is the best friend the state has had in the past four years. He is a decent and honest person who not only has tremendous competence, but great integrity as well.