Table: Boris Jordan: The Buying and Selling of Russia
The 26-year-old Jordan lands a job in Moscow with Credit Suisse First Boston. Two years later, he persuades foreign investors to buy $400 million in privatization vouchers issued to the Russian public.
Jordan starts Moscow brokerage Renaissance Capital with banker Vladimir Potanin.
Launches private-equity fund Sputnik, attracting George Soros, Harvard University endowment fund, and later Geneva-based Unifund, as major investors. Sputnik invests in companies acquired by Potanin in "loans-for-shares" in which Russian oligarchs acquire lucrative state properties, such as Norilsk Nickel, at knockdown prices.
Jordan's investment group, Mustcom, including George Soros, wins a stake in Russian telecom giant Svyazinvest in an auction run by state privatization manager Alfred Kokh.
The Russian Federal Securities Commission cancels a Jordan-planned share issue by oil company Sidanko on grounds of potential damage to minority shareholders.
Jordan resigns after serving two months as chairman of Sidanko amid bankruptcy lawsuit.
MAR. 26, 2001
Sputnik investor Unifund, headed by the reclusive Faoud Said, files suit against Jordan, claiming breach of fiduciary duty and seeking $300 million in damages.
APR. 3, 2001
Gazprom-controlled board appoints Jordan as general director of NTV with ally Kokh as chairman.
APR. 14, 2001
Jordan moves in to take over the channel in the wee hours of the morning. Some of its leading journalists are fired, and dozens of others walk out in protest.