Wednesday, December 21, 2011

Battle of the Russian past. Sadly it never left...


Someone wrote in astonishment that the Russian blogosphere barely discusses the “case of the century” — the lawsuit that self-exiled billionaire revolutionary Mr Berezovsky  filed against fellow tycoon and soccer enthusiast and Yacht collector Mr Abramovich with the High Court in London. The “gray cardinal of the Kremlin” — as the Financial Times dubbed Berezovsky in the 1990s — filed charges against Abramovich, one of the richest Russians and a fellow resident of London. Berezovsky claims that Abramovich underpaid him for his shares of companies he acquired during Russia’s wave of privatization in the 1990s. The case consistently makes headlines in the international press but goes virtually unnoticed by Russians.
On the other hand, what is there to discuss? For a really good debate, we need sensational new details or a little drama. So far, the legal proceedings have produced neither. We can thank the Russian press of the late 1990s and early 2000s for the lack of new details. The main heroes of Russian industry have testified under oath — that is, on risk of losing their right to live in London — and recounted in detail all of the same things we read in the Russian papers a decade ago. What is interesting is to learn what close friends the two men were, and it is amazing to consider the extent to which even extremely large and risky transactions were based on nothing more than mutual trust

It was simple from the way i look at it.
Berezovsky always thought he was smarter than everyone else, with horrible people skills he has managed to lose most of his money in 10 years of trusting and investing based on past friendships and relationships. Abramovich with his close team and his mouth always shut outplayed maybe one of the smartest men in Russian oligarchy on the simple thing people tend to forget about when big money get involved "trust"

Mr Boris never had time for contracts, never had time to see what he was investing in and what his exit strategy would be. He was overconfident, his partners were more like intellectual kids for him.
He lost. Even if he wins some money back to continue to pay for his lifestyle he has lost the most important thing of all. People do not consider him a serious man ( Coen brothers reference)
He played so much chess with him self that at the end he turned out to be just like Bobby Fisher.
I wish the old man wins one more battle, he must be respected for his fighting spirit.


Lev Shneur

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