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...Yukos is unable to pay its tax bills because its accounts have been frozen, making it hard to pay suppliers and staff as well. In early November, authorities issued an arrest warrant for the company's chief lawyer, Dmitry Gololobov. Last week, the firm's chief financial officer, Bruce Misamore, fled the country along with other top management, citing fear for their personal security. And the Yugansk auction is scheduled the day before a shareholder vote called to decide whether to file for bankruptcy protection; a principal reason Yukos hasn't already done so is that a majority...

Author: /time Magazine | Title: Power Play | 11/28/2004 | See Source »

...terms of the Conoco deal, for example, the American company can raise its stake in Lukoil - but only to a ceiling of 20%, less than the 25% it needs to be able to block strategic company decisions. BP, by contrast, whose contract was signed eight months before Khodorkovsky's arrest, has a 50% share in its Russian joint venture. "That's a deal we won't see repeated," says Jonathan Stern of the Oxford Institute for Energy Studies. "The climate now is for strategic minority investments by foreign companies in Russian energy." Says William F. Browder, president of Hermitage Capital...

Author: /time Magazine | Title: Power Play | 11/28/2004 | See Source »

...junta, and state media have reported that the prisoners had been "inappropriately" jailed by the former PM's intelligence apparatus. Min Ko Naing, a leader of 1988's student democracy protests, had been in jail since March 1989. Suu Kyi, Burma's most prominent political prisoner, remains under house arrest in the Burmese capital...

Author: /time Magazine | Title: Milestones | 11/22/2004 | See Source »

Indeed, with Harvard’s bumper crop of plaudits rolling in, it seems Yale’s status as a safety school for kids who didn’t have the scores, the grades or the clean arrest record to get into Harvard is becoming even more obvious. The Times Higher Education Supplement just ranked Harvard the best university in the world. Continuing to sow the seeds of mediocrity, Yale scored, you know, a respectable eighth. Even Stanford, famous for resembling the world’s biggest Taco Bell, managed to score higher...

Author: By The Crimson Staff, | Title: Yale | 11/22/2004 | See Source »

...Conoco deal, for example, the American company can raise its stake in Lukoil--but only to a ceiling of 20%. That's less than the 25% it needs to be able to block strategic company decisions. BP, by contrast, whose contract was signed eight months before Khodorkovsky's arrest, has a 50% share in its Russian joint venture. (The company's Russian minority shareholders are howling because BP uses a complicated transfer-pricing method that allows the parent company, instead of subsidiaries, to book the lion's share of profits.) "That's a deal we won't see repeated," says...

Author: /time Magazine | Title: Russia: Power Play | 11/22/2004 | See Source »

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