Magazine

Table: Boris Jordan: The Buying and Selling of Russia


1992

The 26-year-old Jordan lands a job in Moscow with Credit Suisse First Boston. Two years later, he persuades foreign investors to buy $400 million in privatization vouchers issued to the Russian public.

1995

Jordan starts Moscow brokerage Renaissance Capital with banker Vladimir Potanin.

1995

Launches private-equity fund Sputnik, attracting George Soros, Harvard University endowment fund, and later Geneva-based Unifund, as major investors. Sputnik invests in companies acquired by Potanin in "loans-for-shares" in which Russian oligarchs acquire lucrative state properties, such as Norilsk Nickel, at knockdown prices.

JULY, 1997

Jordan's investment group, Mustcom, including George Soros, wins a stake in Russian telecom giant Svyazinvest in an auction run by state privatization manager Alfred Kokh.

FEBRUARY, 1998

The Russian Federal Securities Commission cancels a Jordan-planned share issue by oil company Sidanko on grounds of potential damage to minority shareholders.

FEBRUARY, 1999

Jordan resigns after serving two months as chairman of Sidanko amid bankruptcy lawsuit.

MAR. 26, 2001

Sputnik investor Unifund, headed by the reclusive Faoud Said, files suit against Jordan, claiming breach of fiduciary duty and seeking $300 million in damages.

APR. 3, 2001

Gazprom-controlled board appoints Jordan as general director of NTV with ally Kokh as chairman.

APR. 14, 2001

Jordan moves in to take over the channel in the wee hours of the morning. Some of its leading journalists are fired, and dozens of others walk out in protest.

Data: BusinessWeek


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