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Today's paper. Last Updated: 06/03/2012

Boss a Scapegoat

At an [Oct. 24] emergency meeting of heads of Yukos and Yuganskneftegaz (Yukos' leading enterprise), it was decided that the general director of Yuganskneftegaz, Alexander Gulyayev, should resign for health-related reasons. This issue will be taken up at a special stockholders meeting Nov. 27. However, it is clear that the financial crisis at Yuganskneftegaz is the real reason for such a harsh decision. But it is doubtful that even this perspective reaches all the way to the heart of the matter. It is obvious that the company expects Gulyayev's retirement to facilitate a Yuganskneftegaz reorganization conceived of long ago ...


Alexander Gulyayev's resignation does not appear to be coincidental. At an Oct. 13 session of the Fuel and Energy Ministry's board of directors, Yury Shafranik called attention to Yukos' massive debt to the federal budget. Along these lines, he mentioned that Yuganskneftegaz was responsible for the lion's share of the debt and threw doubt on the company's competence as a whole. In these circumstances, it is completely logical for the company's leadership to want to make a scapegoat of the Yuganskneftegaz chief.


Kommersant Daily, Oct. 26




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