Gazprom’s demise could topple Putin
Gazprom’s demise could topple Putin / Anders Aslund, Peterson Institute for International Economics, Op-ed, June 9, 2013
No large company in the world has been so spectacularly mismanaged as Russia’s state-dominated natural-gas corporation, Gazprom OAO (GAZP). In the last decade, its management has made every conceivable mistake.
Even so, Russian President Vladimir Putin denies the very existence of a crisis and maintains his support for Alexei Miller, the chief executive officer since 2001. Gazprom’s situation is serious not only because it is Russia’s biggest company by market value, but because Putin is its real chairman. Where Gazprom goes, so goes Russia and the Putin government…