All Commentary
Thursday, April 20, 2006

Company Takeovers in Russia Are Rough


In those days [the early 1990s], people [in Russia] wanting to take over a company often simply sent armed thugs to occupy it. The new raiders employ some of that old-style intimidation, but dress it up in legality by teaming with corrupt lawyers, accountants, judges, bureaucrats and police to exploit weaknesses in Russia's fledgling corporate legal system, Russian lawmakers and entrepreneurs say. (Washington Post, Thursday)

They still don't get it.

FEE Timely Classic
The Great Bequest by Tom G. Palmer