Hermitage CEO Browder: Don't Invest in Russia Today

Bill Browder, MBA '89, founder and CEO, talks about Hermitage Capital Management's investments in Russia and the fall out from the widespread corruption that still pervades Russia's economy.
Recorded: Oct. 22, 2009
Global Management Program: http://www.gsb.stanford.edu/gmp/speak...
Related Stories: http://www.gsb.stanford.edu/news/head...
A Russian Odyssey: http://www.gsb.stanford.edu/news/bmag...

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  Education

[PerryCuda]

Browder = tax dodging fraud. Rescinded his US citizenship only later to lobby Washington DC into passing the most anti-Russian legislation in two decades. How can a non-US citizen do this? Easy.

[Alex P.]

Lets be clear about one thing Browder; there were legitimate reasons as to why US Banksters were avoiding the Russian market in the 90's. It was indeed a highly criminal era, and the market was going through a major transition from communism to capitalism. You thought that you, along-side Russian crooks, could steal Russian natural wealth on the cheap. I will not be surprised if you get assassinated in the near future.

[Michael Sharikov]

Browder, bring back to Russia the money you borrowed in!

[Userduder]

From extreme Socialist to extreme Capitalist, oh how unusual. Why should Americans care or be involved, for one thing he's no longer a US citizen so bugger off back to Britain.

[dragonlaughing]

His father is a mathematics professor. As are his uncles. But he characterizes them as "communists". They weren't.

[2eelShmeal]

Good for you. Nice post. There is greed in all humans. One injustice doesn't justify another.

The fact that the Russian police did that to Sergei has nothing to do with what types like this were in Russia to do in the first place.

Damn opportunists swoop in when a country is at it's lowest and they rape and pillage.. buying up everything they can...for as CHEAP as they can. THEN they turn the people into slave-wage citizens, incapable of thinking for themselves.

Basically, they turn U American

[tendencytoexplore]

Death of Sergei Magnitsky is a tragedy, there is no doubt about it and justice needs to be served. However Mr. Bill Browder from 90s unfairly capitalized on Russian desperate situation and privatized national industry worth billions for some coin change. And now he shouts out load, because Russian government do not let him do same tricks anymore. This is not a free for all wall street, Mr. Browder! Russian study history too, and Native Indian tricks will not fly for long.

[Tsylechka]

I am not sure that perception of a fake smile can substitute information. A Browder's employee, Russian lawyer Sergei Magnitsky, uncovered a huge tax fraud and accused Russian police officers and judges of being involved. Instead of investigating his claims, the police officers took him to prison, killed him, laundered the stolen money through Swiss banks, and bought villas for themselves in Dubai. There is only one side to that story.

[Paul Leaf]

Fascinating, including Browder's family history, grandson of the head of the U.S. Communist Party becomes largest private capitalist in Russia. It's a novel based

on fact, I call "faction".

[Tsarofyork]

Thank you! '50% right, 50% fraud' is now on my list of the dumbest phrases online!