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In the Fall of 2003, Mikhail Khodorkovsky, Russia's richest man and the Chief Executive Officer (CEO) of Yukos, the second-largest Russian oil producer with a market capitalisation of US$26 billion, was arrested and thrown into jail on charges of fraud. Several days later he resigned as CEO of Yukos. This case study tells the story of the rise and fall of a young man whom some would call a brilliant entrepreneur, and others would call a scoundrel. The case includes an interview with Khodorkovsky when he was still CEO, and offers a rare opportunity to examine the leadership philosophy of one of Russia's top business leaders. This case provides opportunities to explore entrepreneurship, Russian business leadership, and Russian organisational structures. It also illustrates the evolution of business in Russia over the past ten years.