Product details

On April 4, 2000, at a board of directors'' meeting, CEO Anatoly Chubais, Russia''s legendary reformer, announced his plan to break up the Russian joint stock company Unified Energy System (UES). The plan envisioned breaking up the giant energy monopoly along two lines of business-- electricity transmissions and generation and sales. His proposal met a fierce storm of opposition from foreign minority shareholders of UES as well as from Boris Fedorov, a fellow reformer in the early to mid-1990s. This case examines the dynamics of implementing structural reforms in a highly uncertain environment.; 1) Why did foreign minority shareholders oppose Chubais'' proposal?, 2) Was Chubais a good manager for UES?, and 3) In what ways did foreign capital help promote or hinder economic reforms?