Some oligarchs are more equal than others,
to paraphrase George Orwell.
Proving once again that State Capitalism is the highest form of Monopoly Capitalism.
A Steel Magnate With Kremlin Connections
New York TimesThe first step in Aleksei Mordashov's path to becoming Russia's seventh-richest man, with a fortune estimated at $8.5 billion, was privatizing the steel mill where both his parents had worked as Soviet engineers.
Actually, his luck can be traced to his days as a college student. He studied economics at the Leningrad Economic and Engineering University, where he was an assistant for an up-and-coming professor, Anatoly B. Chubais. Mr. Chubais later became the architect of Russian privatization in the 1990's under President Boris N. Yeltsin. He also met students who later went on to hold high-level positions in the Russian government. It did not hurt that he went to school in Leningrad, now St. Petersburg, where Mr. Putin is from.
Dofasco guessing game heats up
Dofasco Inc.'s future ownership is murkier after Luxembourg parent Arcelor SA struck a complex merger deal with Russia's Severstal to fend off hostile suitor Mittal Steel Co.
Find blog posts, photos, events and more off-site about:
oligarchs, Russia, Canada, steel, industry, monopoly, Putin, Dofasco, Svererstal, Mittal, Arcelor, USWA