Word: platonize
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...Putin eschews charm, Platon, the great English portrait photographer, exudes it. Putin, we were told, does not pose for portraits. He did for Platon, who was able to tease out of the President a fact that several journalists could not. Putin's favorite Beatles song? Yesterday...
...little else of the company's management, structure and independence is likely to remain. One widely held belief is that the Kremlin will take the 60% share package currently owned by the company's former CEO Mikhail Khodorkovsky and a small group of close associates - one of them, Platon Lebedev, like Khodorkovsky, is on trial for fraud and other charges. Yukos might in effect be nationalized, with the government holding a controlling stake and the rest spread out among compliant domestic and foreign investors. Yukos' inexorable demise has made the markets nervous, and capital flight has jumped sharply. Destroying Yukos...
...careful to stress that he was expressing his own feelings and the courts were, of course, independent. The market, however, clearly feels that the President gets what he wants. Despite this brief burst of optimism, Yukos may still be doomed. Its founder Mikhail Khodorkovsky and a top shareholder, Platon Lebedev, are on trial for fraud and tax evasion. Yukos has been hit with a demand for $3.4 billion in back taxes. The stock surge won't alter the trial's outcome. One Khodorkovsky attorney, Robert Amsterdam, predicted his client would be convicted. The company has set up a hotline...
...Best Man For the Job? If ever a company needed saving, it is Yukos. The troubled Russian oil titan, hit by the jailing last year of top shareholders Mikhail Khodorkovsky and Platon Lebedev, learned last week that the Kremlin allegedly favors the idea of France's Total taking 25% of Sibneft - the oil company in which Yukos says it has a 92% holding. (Total denied it was interested.) A group of foreign banks warned Yukos that with Russia having frozen its assets over a $3.5 billion tax claim, the company was in danger of defaulting on a $1 billion loan...
...than 70% of our population." Yukos stock jumped on hopes the recant - reminiscent of Stalin-era confessions - might be part of a deal to free Khodorkovsky. Fat chance. Although authorities indicated they would allow Yukos to keep disputed Siberian licenses, the Prosecutor General posted charges against Khodorkovsky's associate Platon Lebedev on its website. "Khodorkovsky is deluding himself if he thinks he can mend fences with Putin," says political analyst Dmitri Furman. It can't hurt to try - By Peter Gumbel. With reporting by Yuri Zarakhovich Someone's Paying The Price Global music-industry trade body IFPI filed the first...