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... that is published be the one that is implemented, and to what extent is the strategy driven by government concerns, management ambitions or shareholder value?" he asked. VTB is well known for its generous salaries. According to a November 2011 Forbes survey, VTB has the two highest-paid managers in Russia. Yury Solovyov, a former Deutsche Bank executive recruited to head VTB Capital, receives an annual paycheck of $25 million — the largest paycheck in the country. Mikhail Kuzovlev, in...
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Blavatnik Unwilling to Delay Case
30 January 2012
Bloomberg
... investment guidelines allowed. Blavatnik says the bank lost $98 million of his funds. Blavatnik, born in Ukraine, runs New York-based Access Industries Group, which owns energy, media and real estate companies. Blavatnik is worth $9.5 billion, according to Forbes. Blavatnik bought Warner Music Group from Edgar Bronfman last year. 179743
Tatarstan Backing New Clean Technology Fund
31 January 2012
By Anatoly Medetsky / The Moscow Times
... according to the International Energy Agency, six times that of climatically similar Canada's. Tatarstan is considered the best region for business, should clean technology providers set up manufacturing in the country, according to Ernst & Young and Forbes magazine, Wermuth said. The Tatarstan Cleantech Fund expects to generate overall returns of 30 percent per annum. Its potential areas for investment include energy efficiency, waste management, electric buses, lithium-ion batteries and even food...
Creating a Culture of Giving
13 February 2012
By Simon Saradzhyan
... the gains that they made in the most questionable privatization deals, such as loans-for-shares, and spend them on social projects and sustainable development. Russia had 101 billionaires that collectively owned $432 billion as of 2011, according to Forbes. If each of them donates even one-tenth of their fortune, their combined philanthropic contribution will be six times greater than what the government allocated for health and social development in 2011. Unfortunately, Russia has many serious ills...
Candidate Prokhorov Says Putin Must Change
18 January 2012
Reuters
... streets. People are not happy," Prokhorov, 46, said in the interview beneath the windowed dome that soars above his spacious office on a central Moscow boulevard close to the Kremlin. "It is time to change," said Prokhorov, ranked by Forbes magazine as Russia's third-richest person, with an $18 billion metals-to-banking empire that includes the New Jersey Nets basketball team in the United States. "Stability at any price is no longer acceptable for Russians." But Prokhorov...
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