SHAREHOLDERS OF ‘NORILSK-NICKEL’ WERE “WARNED” ABOUT THE REORGANIZATION AFTER THE EVENT

American newspaper "The New York Times" informs that the Russian concern Norilsk- Nickel, one of the largest in the world manufacturers of nickel, surprised their investors last week. The company demonstrated a new plan of issue of the shares. Only administration of the company knew about the plan in advance. Today the administration swears that the reorganization is to increase the income of the shareholders. But this claim does not satisfy them. " They’ve stolen our money, and now they promise to return the biggest part of the sum " – said one of the shareholders. - " But in fact they committed larceny ". The situation is typical for modern Russia. The main trouble of Russian economy is the problem of management. Svetlana Smirnova, the analyst of “Renaissance”bank claims that the conflict arose because the shares of Norilsk-Nickel are priced at the half of their real value. Russian companies never warn their shareholders about the reorganization in advance. “RUSNET”