Case reports
Answer questions all 7 questions in a report of no more than 2 pages.ASSIGNMENT QUESTIONS1. What are the various ways that managers in Russia extract value out of their companies disproportionate to their equity stakes? Which of these methods seems to be peculiar to the Russia?2. Why do Russian firms have such severe problems of poor corporate governance? What institutions and/or mechanisms are missing or are ineffective?3. Why was Browder particularly interested in taking a large stake in Gazprom?4. What is Browder’s investment strategy? How does it differ from traditional mutual fund investing? Does his strategy apply only to emerging markets, or do we see similar strategies employed in developed economies?5. Very specifically, how does Browder use the media, which media does he focus on and why that media group?6. Why don’t other investment managers pursue an activist strategy like Browder’s?7. The case ends in the summer of 2002. What should Browder do from this point? Should he maintain, revise or quit his media-based strategy? What other business events may make this strategy less effective in the future?
