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Russia's Privatization Program
Privatization in Russia describes the series of post-Soviet reforms that resulted in large-scale privatization of Russia's state-owned assets, particularly in the industrial, energy, and financial sectors. Most privatization took place in the early and mid-1990s under Boris Yeltsin, who assumed the presidency following the dissolution of the Soviet Union. Private ownership of enterprises and property had essentially remained illegal throughout the Soviet era, with Soviet communism emphasizing national control over all means of production but human labor. Under the Soviet Union, the number of state enterprises was estimated at 45,000. Privatization facilitated the transfer of significant wealth to a relatively small group of business oligarchs and New Russians, particularly natural gas and oil executives. This economic transition has been described as ''katastroika'' (combination of ''catastrophe'' and the term ''perestroika'') and as "the most cataclysmic peacetime economic c ...
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The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ...
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Rosneft
PJSC Rosneft Oil Company ( stylized as ROSNEFT) is a Russian Vertical integration, integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, Extraction of petroleum, extraction, production, refining, Petroleum transport, transport, and sale of petroleum, natural gas, and petroleum products. The company is controlled by the Government of Russia, Russian government through the Rosneftegaz holding company. Its name is a portmanteau of the Russian words (russian: Российская нефть, lit=Russian oil). Rosneft was founded in 1993 as a State-owned enterprises of Russia, state enterprise and then incorporated in 1995, acquiring a number of state-controlled gas and oil assets. It became Russia's leading oil company after purchasing assets of the former oil company Yukos at state-run auctions. After acquiring Open joint-stock company, OJSC TNK-BP in 2013, then one of the largest oil companies of Russia, Rosneft became the world's largest Publ ...
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Harvard Business Review
''Harvard Business Review'' (''HBR'') is a general management magazine published by Harvard Business Publishing, a wholly owned subsidiary of Harvard University. ''HBR'' is published six times a year and is headquartered in Brighton, Massachusetts. ''HBR'' covers a wide range of topics that are relevant to various industries, management functions, and geographic locations. These include leadership, negotiation, strategy, operations, marketing, and finance. ''Harvard Business Review'' has published articles by Clayton Christensen, Peter F. Drucker, Michael E. Porter, Rosabeth Moss Kanter, John Hagel III, Thomas H. Davenport, Gary Hamel, C. K. Prahalad, Vijay Govindarajan, Robert S. Kaplan, Rita Gunther McGrath and others. Several management concepts and business terms were first given prominence in ''HBR''. ''Harvard Business Review''s worldwide English-language circulation is 250,000. HBR licenses its content for publication in thirteen languages besides English. Ba ...
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Stock Exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at a central location such as the floor of the exchange or by using an electronic trading platform. To be able to trade a security on a certain stock exchange, the security must be listed there. Usually, there is a central location for record keeping, but trade is increasingly less linked to a physical place as modern markets use electronic communic ...
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Joint-stock Company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other count ...
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Enterprises In The Soviet Union
Enterprises in the Soviet Union were legal entities engaged in some kind of economic activity, such as production, distribution, the provision of services, or any other economic operation. An enterprise was the general equivalent of "company", which was the legal entity prominent outside of the Eastern-bloc economies. Enterprises and production units engaged in activities that are generally undertaken by business-enterprises in capitalist systems, including the design, production, manufacture and distribution of producer and consumer goods and services. In contrast to business enterprises, enterprises and production associations did not engage in business-related activities such as marketing, buying-and-selling and financial decisions. An enterprise often included production units. There also existed associations of production units collectively called "production associations" and " scientific production associations", organized around the production and distribution of a single ...
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Collective Farming
Collective farming and communal farming are various types of, "agricultural production in which multiple farmers run their holdings as a joint enterprise". There are two broad types of communal farms: agricultural cooperatives, in which member-owners jointly engage in farming activities as a collective, and state farms, which are owned and directly run by a centralized government. The process by which farmland is aggregated is called collectivization. In some countries (including the Soviet Union, the Eastern Bloc countries, China and Vietnam), there have been both state-run and cooperative-run variants. For example, the Soviet Union had both kolkhozy (cooperative-run farms) and sovkhozy (state-run farms). Pre-20th century history A small group of farming or herding families living together on a jointly managed piece of land is one of the most common living arrangements in all of human history, having co-existed and competed with more individualistic forms of ownership (as w ...
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Law On Cooperatives
The Law on Cooperatives was a major economic reform implemented in the Soviet Union during General Secretary Mikhail Gorbachev's perestroika and glasnost reforms. It was implemented in May 1988, allowed for independent worker-owned cooperatives to operate in the Soviet Union, as opposed to just state-owned enterprises, and gave guidelines as to how these cooperatives should be managed. While originally the law imposed high taxes and restrictions on employment, it was eventually revised so as not to discourage activity within the private sector. See also * History of the Soviet Union (1982–91) * Perestroika * Uskoreniye * Glasnost * Demokratizatsiya (Soviet Union) * Enterprises in the Soviet Union * Economy of the Socialist Federal Republic of Yugoslavia * Market socialism * Titoism * Workers' self-management References Economic history of the Soviet Union Soviet law 1988 in the Soviet Union Cooperatives A cooperative (also known as co-operative, co-op, or coop) is " ...
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Supreme Soviet Of The Soviet Union
The Supreme Soviet of the Union of Soviet Socialist Republics ( rus, Верховный Совет Союза Советских Социалистических Республик, r=Verkhovnyy Sovet Soyuza Sovetskikh Sotsialisticheskikh Respublik) was, beginning in 1936, the most authoritative legislative body of the Soviet Union, Union of Soviet Socialist Republics (USSR), and the only one with the power to approve Constitution of the Soviet Union, constitutional amendments. Prior to 1936, the Congress of Soviets of the Soviet Union, Congress of Soviets was the supreme legislative body. During 1989–1991 Congress of People's Deputies of the Soviet Union, a similar, but not identical structure was the supreme legislative body. The Supreme Soviet elected the USSR's Head of state#Multiple or collective heads of state, collective head of state, the Presidium of the Supreme Soviet, Presidium; and appointed the Council of Ministers of the Soviet Union, Council of Ministers, the Supre ...
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New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital media, digital subscribers. It also is a producer of popular podcasts such as ''The Daily (podcast), The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones (publisher), George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won List of Pulitzer Prizes awarded to The New York Times, 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked List of newspapers by circulation, 18th in the world by circulation and List of newspapers in the United States, 3rd in the U.S. The paper is owned by the New York Times Company, which is Public company, publicly traded. It has been governed by the Sulzberger family since 189 ...
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Los Angeles Times
The ''Los Angeles Times'' (abbreviated as ''LA Times'') is a daily newspaper that started publishing in Los Angeles in 1881. Based in the LA-adjacent suburb of El Segundo since 2018, it is the sixth-largest newspaper by circulation in the United States. The publication has won more than 40 Pulitzer Prizes. It is owned by Patrick Soon-Shiong and published by the Times Mirror Company. The newspaper’s coverage emphasizes California and especially Southern California stories. In the 19th century, the paper developed a reputation for civic boosterism and opposition to labor unions, the latter of which led to the bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. In recent decades the paper's readership has declined, and it has been beset by a series of ownership changes, staff reductions, and other controversies. In January 2018, the paper's staff voted to unionize and final ...
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