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/speakers/index.html
Related Stories: http://www.gsb.stanford.edu/news/headlines/browder09.html?cmpid=yt
A Russian Odyssey: http://www.gsb.stanford.edu/news/bmag/sbsm0611/feature_browder.html?cmpid=yt

Category:

Education

Tags:

• Entrepreneurship
• Finance & Investment
• Global Business
• alumni
• corporate governance
• political economics

[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]

@4werr0n3 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.

[paulericleaf]

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]

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

[Buckeystown]

A lawyer whose gruesome prison death spooked investors and blackened Russia's image was probably beaten to death in pre-trial detention, the Kremlin's human rights council has said.

Magnitsky's death sent a warning to potential investors in Russia, which trades at a discount to other emerging markets because of risks associated with corporate governance and misuse of funds, and drew fierce criticism from foreign governments.

[thesoulnectar]

fantastic experience, presentation and advice. (that's exactly why i left. obviously it will take some time for the region to stabilize)

[100000Ru]

@martydrooo He is not speculator. I'm fully confirm, that there are not reasons to invest in Russia now. I'm living here and I'm working for foreign companies, which are interested in absent of corruption here. Our police fully corrupted, FSB (former KGB), justice are working for "Putin family" only. They are interested in fast earning money. As fast as possible, because their period is coming to the logical end soon. I hopes civil rights will start to be important some day

[martydrooo]

Bill Browder is is 50% right, 50%....fraud. He came to Russia as a speculator interested in the easy buck, building nothing, creating nothing, just speculating. That's why he was targeted, for the same reason people can't go to the police when they're engaged in illegal businesses and get extorted by the mafia.

Look up Bernie Sucher's interview about doing business in Russia...he's an American investment banker and still lives in Moscow without problems..

[county1397]

Russia - what a joke. The economy relies on digging or pumping things out of the earth. Corrupt to the Core. From Putin at the top - the little gay dwarf downwards. The scum has quickly risen to the top and now controls the country. The Russian people have never had demorcracy, free speech, learn from your Arab brothers and rise up.

[4werr0n3]

I know a handful of businessman who went into Russia or eastern Europe in the 90' and made fortunes.

Browder looks like a fraud to me with his well practiced fake smile.People shouldn't jump to quick conclusions there's always two side to every story.

experienced businessman but he doesn't know how the clock ticks ???

prolly on a Mission

There are always two sides to every story