He quickly noticed that the companies, despite surging commodity prices and prime access to Russia’s vast natural resources, paid surprisingly small dividends. Then he learned, from a newspaper article, that Transneft had donated three hundred million dollars to charity in 2007 alone. The sum was more than ten per cent of its profits that year and more than it spent on maintaining its entire network of pipes, but Transneft did not disclose where the cash went.
Post a Comment
No comments:
Post a Comment