Rights issue
WESTERN investment has rescued many ailing firms in ex-communist Central Europe. Foreigners have brought know-how, capital, access to new markets and, not least, higher standards of corporate behaviour: not for them the abuses of shareholders' rights perpetrated by unscrupulous locals in such places as Russia. Right? Not quite. Across Central Europe, minority shareholders are being hammered—and westerners are often to blame.
This article appeared in the Business section of the print edition under the headline “Rights issue”
From the July 29th 2000 edition
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