Posts Tagged ‘browder’
Browder (Once Again) Demands Answers Over Magnitsky Death
Another year at Davos, and another year for Bill Browder to pay the exorbitant delegate fee for the sole purpose of asking the Russian government when it will prosecute the people who killed his lawyer, Sergei Magnitsky.
Once again, it was Deputy Prime Minister Igor Shuvalov in the awkward position of taking the question. And although the session was off-the-record (after a widely-viewed embarrassment on-the-record last year), we can say with confidence that there were no surprises in his answer. Mr. Browder certainly wasn’t impressed.
“The only answer can be that…the people who killed Sergei Magnitsky are prosecuted. If they’re not, any waffling and wobbling and excuses mean nothing to the world,” he said outside the room.
Read More →
Facebook
Twitter
Google Buzz
LinkedIn
del.icio.us
Google Bookmarks
Yahoo! Buzz
Tumblr
StumbleUpon
FriendFeed
NewsVine
Digg
Hermitage Capital’s Browder dicusses Russia at Davos 2012
CEO and founder of Hermitage Capital Management, William Browder, gives his perspective on Russian ideas on the first day of this year’s World Economic Forum in Davos.
онлайн займы hairy woman https://zp-pdl.com/get-quick-online-payday-loan-now.php https://zp-pdl.com/get-quick-online-payday-loan-now.php займы на карту
- Facebook
- Twitter
- Google Buzz
- LinkedIn
- del.icio.us
- Google Bookmarks
- Yahoo! Buzz
- Tumblr
- StumbleUpon
- FriendFeed
- NewsVine
- Digg
Biziness and justice, Russian style: The cost to our society could be far worse than the wealth these men bring
William Browder is head of Hermitage Capital in London’s Golden Square. He is a naturalized British citizen, the grandson, as it happens, of Earl Browder, the head of the US Communist Party in the 1940s. That link did neither him nor his mathematician father no favours in life.
In the last year he has received 11 death threats – a text message quoted the Godfather about history showing that ‘there is no one so powerful they cannot be killed’. The calls were traced back to Russia. They probably did not come from gangsters, but from the senior figures in the Russian police, or more worryingly the FSB secret police. They are the ones who poisoned the late Mr Litvinienko with polonium in the middle of London.
Read More →
- Facebook
- Twitter
- Google Buzz
- LinkedIn
- del.icio.us
- Google Bookmarks
- Yahoo! Buzz
- Tumblr
- StumbleUpon
- FriendFeed
- NewsVine
- Digg
(In Italian) Settimana Internazionale – Il caso Magnitsky
Bill Browder, CEO Hermuitaghe Caital, speaking on Italian Radio Radicale about the Sergei Magnitsky case. (With footage). Also interviewed were Italian MP Matteo Meccacci and journalists Fabrizio Dargosei and Claudio Salvalaggio
http://www.radioradicale.it/scheda/343786 buy viagra online hairy girls https://zp-pdl.com/get-a-next-business-day-payday-loan.php https://zp-pdl.com/online-payday-loans-in-america.php онлайн займы
- Facebook
- Twitter
- Google Buzz
- LinkedIn
- del.icio.us
- Google Bookmarks
- Yahoo! Buzz
- Tumblr
- StumbleUpon
- FriendFeed
- NewsVine
- Digg
Buy Russia When Oil is Cheap
If you wonder why I recommend a shower after investing in Russia, Bill Browder will give you the reasons at length on his YouTube video. Bill is the founder and CEO of Hermitage Capital Management, one of the firms that pioneered equity investment in the former Soviet Union in the nineties.
After a decade of pursing a campaign of activist investing that brought major changes in corporate governance in big companies like Gazprom (OGZPF.PK) and Sberbank (SBRPF.PK), a mafia connected government struck back with a vengeance. It deported Browder in 2005, arrested his lawyer, and pressured him to provide false testimony against his boss, which he refused. A year later, the man died in prison from “natural causes.”
The Russian government then seized Browder’s operating companies, but fortunately for investors, not before he was able to sell off $4.5 billion in holdings and spirit the funds out of the country.
Browder, who is of Russian descent, and whose grandfather was chairman of the American Communist Party, says his case is but the tip of the iceberg. Major multinationals like Shell, BP, and Ikea have also been the victims of corruption and faced arbitrary seizure of assets by the well connected. This lawlessness is the reason why Russian companies perennially trade at single digit multiples. They are cheap on paper, but carry hidden, unquantifiable risks.
Despite all of the above, mega hedge fund Traxis Partners founder, Barton Biggs, says there is still a case to make for investment in Russia. It is the classic emerging middle class story. Russians have no credit card debt, no home mortgages, and terrible housing, but the resource wealth to buy what they need. Barton sees Russia eventually becoming a basic, functioning European country, but will first have to engineer a growth spurt to get there. That is the play. The principal vehicle for most foreigners to get into the land of Lenin and Red Square is to buy the ETF, (RSX), which was up 300% in 2009.
No doubt that investing in Russia is a double edged sword. It offers enormous oil reserves and natural resources, with GDP flipping from a -7.9% rate in 2009 to an expected 3.2% this year. But you run the risk of a knock on the door in the middle of the night. займы на карту срочно онлайн займы www.zp-pdl.com https://zp-pdl.com/online-payday-loans-cash-advances.php срочный займ на карту онлайн
- Facebook
- Twitter
- Google Buzz
- LinkedIn
- del.icio.us
- Google Bookmarks
- Yahoo! Buzz
- Tumblr
- StumbleUpon
- FriendFeed
- NewsVine
- Digg
Exposed: the ugly face of Putin’s Russia
In a powerful documentary on Putin’s Russia made by Norma Percy to be shown on BBC2 on 19 January there is an extraordinary moment when the oligarch Mikhail Khodorkovsky confronts the recently elected President Putin. On film he tells him that Russia is so corrupt up that to 10 per cent of national wealth is disappearing into the hands of the post-Soviet bureaucracy. So much so that all the best and brightest graduates leaving college want to be tax police. That’s where the money is to be made, complains the owner of Yukos, as tax shakedowns were the most common form of getting rich quick.
At the time, in 2002, the sleek, jowly Khodorkovsky was still Russia’s top oligarch. As he confronts Putin the Russian leader’s eyes narrow and he taps his pencil with irritation on the table as he rebukes the oligarch at a business leaders’ council held in the Kremlin which was filmed and remains an electrifying moment in the documentary. Stalin also used a pencil rather than a pen to initial or tick lists to be sent to the Gulag. Khodorkovsky today finds himself in prison where those business leaders who did not pay their dues to the Putinocracy have found themselves if they did not flee to exile in time.
Read More →
- Facebook
- Twitter
- Google Buzz
- LinkedIn
- del.icio.us
- Google Bookmarks
- Yahoo! Buzz
- Tumblr
- StumbleUpon
- FriendFeed
- NewsVine
- Digg
Man On A Mission: Bill Browder vs. the Kremlin
“There, but for an accident of geography, stands a corpse!” thundered Max Shachtman—once known as Leon Trotsky’s “foreign minister”—in New York City in 1950. By popular account, the line had been cooked up that night by a young Shachtmanite named Irving Howe; it ended the debate between the anti-Stalinist socialist Schachtman and his opponent, Earl Browder, former head of the Communist Party USA, who had been expelled from the party in 1946 at the behest of Moscow Central after suggesting that Soviet Communism and American capitalism might coexist after all.
Browder’s grandson Bill, CEO of Hermitage Capital Management, has continued the family tradition of heretical defiance of the Kremlin and as a result has had an experience that in all its eccentricity defines the malign brutality of Russian political life today.
Read More →
- Facebook
- Twitter
- Google Buzz
- LinkedIn
- del.icio.us
- Google Bookmarks
- Yahoo! Buzz
- Tumblr
- StumbleUpon
- FriendFeed
- NewsVine
- Digg
A Bitter Pill
In the hours after anti-corruption blogger Alexei Navalny was detained at a December 5 rally protesting falsified election results, he continued tweeting cheerful pictures snapped with his cell phone, showing a tight cadre of fellow protesters in the back of a police van and himself penning an official protest of his arrest. Yet in the same detention center from which Navalny will be released today, Left Front leader Sergei Udaltsov declared his latest hunger strike, which once again landed him in critical condition in a local hospital over the weekend.
This evening Navalny, along with Solidarnost Youth Coordinator Ilya Yashin and other protesters, will be released 15 days after they were arrested at the first mass rally against alleged election fraud on December 5. For the opposition, the return of one of their most recognizable and popular leaders Navalny will be a welcome boon as they prepare a 50,000-person demonstration on Sakharov Street in downtown Moscow on December 24.
Read More →
- Facebook
- Twitter
- Google Buzz
- LinkedIn
- del.icio.us
- Google Bookmarks
- Yahoo! Buzz
- Tumblr
- StumbleUpon
- FriendFeed
- NewsVine
- Digg
One (Rich) American vs. Moscow: The Quest of William Browder
In October, Harvard Business School began teaching a new case study about Russia, which, in the words of one of its authors, “reads like a potboiler.” In 20 pages, it lays out one of the most tragic experiences a foreign investor in Russia has ever had — the case of the American fund manager William Browder, who was banned from entering the country in 2005, and his lawyer, Sergei Magnitsky, who died in a Russian prison four years later. It is meant to impress a number of lessons on Harvard’s latest crop of geniuses. For example, Exhibit 9, as the text goes, offers a “price list” of “bribes,” including the cost of getting a competitor’s license revoked (allegedly as little as $1 million). But the broader message lines up nicely with what seems to be Browder’s creed: Kids, if you know what’s good for you, stay the hell away from Russia.
Read More →
- Facebook
- Twitter
- Google Buzz
- LinkedIn
- del.icio.us
- Google Bookmarks
- Yahoo! Buzz
- Tumblr
- StumbleUpon
- FriendFeed
- NewsVine
- Digg
