Why is an anti-virus software giant in the Belizean jungle surrounded by gang members?
Tycoons
“Jon Corzine had never had anything to do with the futures business, had never run a public company, and hadn’t worked on Wall Street for a decade. His time there had ended badly. But by any reasonable standard, the former Goldman chief seemed almost embarrassingly overqualified. Says Flowers: ‘It seemed like we had more CEO than company.’”
As it approaches a public offering, how Glencore—founded by the legendary fugitive March Rich—cornered the market for just about everything by working with dictators and spies.
Putin v. Khodorkovsky:
Almost a decade ago, Mikhail Khodorkovsky, then the owner of the Yukos Oil Company and Russia’s richest man, completely miscalculated the consequences of standing up to Vladimir Putin, then Russia’s president. Putin had Khodorkovsky arrested, completely miscalculating the consequences of putting him in prison. During his eight years in confinement, Khodorkovsky has become Russia’s most trusted public figure and Putin’s biggest political liability. As long as Putin rules Russia and Khodorkovsky continues to act like Khodorkovsky, Khodorkovsky will remain in prison—and Putin will remain terrified of him.
On Manoj Bhargava, who says he’s “probably the wealthiest Indian in America,” and his ubiquitous product.
Ida Tarbell’s classic write-around of the world’s only billionaire:
He was a silent boy — a silent young man. With years the habit of silence became the habit of concealment. It was not long after the Standard Oil Company was founded, before it was said in Cleveland that its offices were the most difficult in the town to enter, Mr. Rockefeller the most difficult man to see. If a stranger got in to see any one he was anxious. "Who is that man?" he asked an associate nervously one day, calling him away when the latter was chatting with a stranger. "An old friend, Mr. Rockefeller." "What does he want here? Be careful. Don't let him find out anything." "But he is my friend, Mr. Rockefeller. He does not want to know anything. He has come to see me." "You never can tell. Be very careful, very careful." This caution gradually developed into a Chinese wall of seclusion. This suspicion extended, not only to all outsiders but most insiders. Nobody in the Standard Oil Company was allowed to know any more than was necessary for him to know to do his business. Men who have been officers in the Standard Oil Company say that they have been told, when asking for information about the condition of the business, "You'd better not know. If you know nothing you can tell nothing."
Who simultaneously did business with the U.S. government, the besieged Syrian regime, and the Libyan rebels last month? The group of 16 trading houses that collectively are “worth over a trillion dollars in annual revenue and control more than half the world’s freely traded commodities.”
A profile of Rupert Murdoch from 1995, as he fought monopoly charges in the U.S. and U.K. and prepared to expand his empire into China.
Murdoch is a pirate; he will cunningly circumvent rules, and sometimes principles, to get his way, as his recent adventures in China demonstrate.
A look at the legislative lobbying efforts of Michael Bloomberg’s $7 billion-per-year company. While the mayor has no specific day-to-day role at Bloomberg LP, he maintains “the type of involvement that he believes is consistent with his being the majority shareholder.”
A profile of the Los Angeles Clippers owner, an oft-sued real estate baron with a racist streak and a penchant for heckling his own players. Since Sterling bought the franchise in 1981, the Clippers have by far the worst record of any major pro team.
A history of entrepreneurship in New York City, starting with shipping magnate Jeremiah Thompson’s big gamble in the 1820s: scheduled departures.
A review of several books on Rupert Murdoch first criticizes the authors for not grasping the many sides of their subject, then offers a thesis of its own. He’s “not so much a man, or a cultural force, as a portrait of the modern world.”
A single-page version of Shalhoup’s reporting on the Black Mafia Family, one of the largest cocaine empires in American history.
