Barak
Barak became Prime Minister in his own right when he led the Labor Party
to a landslide victory in 1999. As Prime Minister he ended Israel's
17-year occupation of southern Lebanon and offered unprecedented
concessions to the Palestinians. Barak's peace offer was rejected, the
Palestinians broke off negotiations, and the subsequent outbreak of
violence led to Barak's defeat in the next election.
Barak declined an offer to serve as Minister of Defense in the
subsequent government headed by Likud leader Ariel Sharon. For the next
few years Barak pursued a business career in Israel and the United
States, joining private equity firms with interests in security-related
industries. In June 2007, Barak was once again elected to lead the Labor
Party and was immediately appointed to serve as Minister of Defense in
the reorganized coalition government. Although Barak's Labor Party
placed fourth in the parliamentary election of February 2009, he was
reappointed as Minister of Defense in a new coalition government led by
the Likud Party.
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