The handicaps of live play
May. 11th, 2007 11:47 amEvery time that I have an idle thought about returning to play live tournaments, a comment appears online which convinces me that I was right to walk away from them: Here's Mr Trumper's observation of a not atypical experience:
Next to me is a player called Mick Jagger , his nickname is Lips . I happen to notice what looks like a rolled up piece of paper behind his ear , i am wondering how it got there or if it is has a purpose when i finally decide to ask , Mick then says " oh i forgot , that is my chewing gum , i put it there when i drink my coffee " he then put it back in his mouth assuring me he had showered before leaving home.
I rest my case.
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How to become a successful company, part two.
There's been much criticism of Vladimir Putin for his increasingly autocratic government and what has been termed "creeping renationalisation", which kind of reached its peak this week with the final death of Yukos.
Rosneft, the state-controlled oil company, seems to have turned itself into a $90bn company, after being worth just $6bn a few years ago, on capital investment of just $2bn. Top quality management, you might think. Well, no. It's just inherited Yukos.
But look at this another way. When people look at the wealth of today's Russian super-rich, just ask yourself how many of them got it. One thing is for sure, it was not through working lots of overtime.
The period under Yeltsin was a time of Russia being run by a clown who was surrounded by "entrepreneurs" who knew how to get their hands on the bulk of the wealth that was being privatised. Theoretically "the people" should have benefited from this denationalisation. After all, it was their property that we being denationalised. In practice, the so-called robbber barons absolutely cleaned up on the back of investor ignorance (shares in companies were bought from workers for a pittance) bureaucratic incompetence and/or government corruption.
If you look at it this way, the actions of the Putin government don't look so bad. This isn't a case of forcing the peasants off their land with no compensation. It's a case of taking back what Yeltsin and his cohorts effectively gave away. What became Yukos was obtained by Mikhail Khodorkovsky for just $300m in 1995 when, curously, it was the only bidder. Even at a most conservative estimate, he bought the business for 10% of its "real" value.
Now, the Russian government can't put it in these terms, so it calls it tax fraud confiscation. Royal Dutch Shell is also crying foul over a move which effectively forced them to sell a venture of theirs to Gazprom at a serious discount to the venture's real value.
I'm not saying that the Putin oligarchy is whiter than white, merely that this is a case of various clans, some working within government and some working outside it, fighting for control of Russia's huge natural resources. The politics of "Blood Diamond" are closer here than one would think. Where there is huge natural wealth, guns tend to follow. Russia has managed to avoid that, but the civil war is still being played out behind the scenes, or sometimes in the courts.
The question is, what will happen when Putin goes? Will the current cock of the north, Rosneft, stay on top, or will the more conservative Gazprom make a move? Or will the foreign players, who have been comprehensively outmanoeuvred (pardon me if I don't shed a tear for Royal Dutch Shell here, a company that is hardly a babe in arms when it comes to political manoeuvring) get back on top.
Fun times.
Next to me is a player called Mick Jagger , his nickname is Lips . I happen to notice what looks like a rolled up piece of paper behind his ear , i am wondering how it got there or if it is has a purpose when i finally decide to ask , Mick then says " oh i forgot , that is my chewing gum , i put it there when i drink my coffee " he then put it back in his mouth assuring me he had showered before leaving home.
I rest my case.
++++++++++
How to become a successful company, part two.
There's been much criticism of Vladimir Putin for his increasingly autocratic government and what has been termed "creeping renationalisation", which kind of reached its peak this week with the final death of Yukos.
Rosneft, the state-controlled oil company, seems to have turned itself into a $90bn company, after being worth just $6bn a few years ago, on capital investment of just $2bn. Top quality management, you might think. Well, no. It's just inherited Yukos.
But look at this another way. When people look at the wealth of today's Russian super-rich, just ask yourself how many of them got it. One thing is for sure, it was not through working lots of overtime.
The period under Yeltsin was a time of Russia being run by a clown who was surrounded by "entrepreneurs" who knew how to get their hands on the bulk of the wealth that was being privatised. Theoretically "the people" should have benefited from this denationalisation. After all, it was their property that we being denationalised. In practice, the so-called robbber barons absolutely cleaned up on the back of investor ignorance (shares in companies were bought from workers for a pittance) bureaucratic incompetence and/or government corruption.
If you look at it this way, the actions of the Putin government don't look so bad. This isn't a case of forcing the peasants off their land with no compensation. It's a case of taking back what Yeltsin and his cohorts effectively gave away. What became Yukos was obtained by Mikhail Khodorkovsky for just $300m in 1995 when, curously, it was the only bidder. Even at a most conservative estimate, he bought the business for 10% of its "real" value.
Now, the Russian government can't put it in these terms, so it calls it tax fraud confiscation. Royal Dutch Shell is also crying foul over a move which effectively forced them to sell a venture of theirs to Gazprom at a serious discount to the venture's real value.
I'm not saying that the Putin oligarchy is whiter than white, merely that this is a case of various clans, some working within government and some working outside it, fighting for control of Russia's huge natural resources. The politics of "Blood Diamond" are closer here than one would think. Where there is huge natural wealth, guns tend to follow. Russia has managed to avoid that, but the civil war is still being played out behind the scenes, or sometimes in the courts.
The question is, what will happen when Putin goes? Will the current cock of the north, Rosneft, stay on top, or will the more conservative Gazprom make a move? Or will the foreign players, who have been comprehensively outmanoeuvred (pardon me if I don't shed a tear for Royal Dutch Shell here, a company that is hardly a babe in arms when it comes to political manoeuvring) get back on top.
Fun times.