The Russian Oil Giant Yukos - When Business and Politics Collide

The Russian Oil Giant Yukos - When Business and Politics Collide
Case Code: ECON007
Case Length: 18 Pages
Period: 1993 - 2004
Pub Date: 2004
Teaching Note: Not Available
Price: Rs.500
Organization : Yukos
Industry : Oil
Countries : Russia
Themes: Business Enviornment
The Russian Oil Giant Yukos - When Business and Politics Collide
Abstract Case Intro 1 Case Intro 2 Excerpts

Abstract

The case examines the crisis at Yukos, Russia's leading oil company, on account of a feud between its former CEO, Mikhail Khodorkovsky (Khodorkovsky), and the Russian government. It gives a brief outline of Russia's history and the Russian oil industry over the years, and the country's economic and political scenario during the 1990s. It discusses the emergence of oligarchs and their relations with the government during Yeltsin's and Putin's presidential terms. The case then examines the formation of Yukos, its growth under Khodorkovsky's leadership and the corporate culture and corporate governance restructuring it undertook during the early 21st century.

It discusses in detail the events that led to the arrest of Khodorkovsky and many other key executives of Yukos in 2003. Finally, the case examines the future prospects of Yukos in the light of the above crisis. A country report on Russia and an industry note on the Russian oil industry are available to facilitate better understanding of the Yukos story.

Issues

The case is structured to achieve the following teaching objectives:

  • The political and economic environment of Russia and the strategic importance of the oil industry for the country's economy
  • The role of oligarchs in changing the dynamics of the Russian oil industry during the 1990s, with special reference to Khodorkovsky

Contents

Keywords

Yukos, Russia, oil company, feud, CEO, Mikhail Khodorkovsky , Russian government, history, oil industry, economic, political, scenario, oligarchs, Yeltsin, Putin, presidential terms, Yukos, growth, leadership, corporate culture, corporate governance restructuring, arrest, 2003

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