Tuesday, June 07, 2005

Tymoshenko orders sale of Kryvorizhstal

Tymoshenko issued an order yesterday to sell the Kryvorizhstal mill according to this article Kiev Orders Resale of Steel Plant. It is ordered to take place within a month but it will be interesting to see if it happens. The article quotes the head of research at Dragon Capital as saying he doesn't think it will happen. We'll see.

It is easy to issue orders but always hard to get them to be obeyed in a system where specific personalities and loyalties have been and continue to be the main issues. Hoarding what power you have and using it judiciously can preserve that power and even increase it. Lincoln is a good example of this.

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