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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: MJ who wrote (262656)	8/23/2008 12:07:18 PM
From: KLP	Read Replies (1) \| Respond to of 794046

I agree, there is something wrong with the picture! Severstal is owned!! by a 42 year old son of "millworkers" in Russia. How does that happen in Russia, where there are either billionaires, peasants, or criminals? Talk to anyone from Russia, and if they aren't afraid of talking openly, they will tell you the same thing! But how does our Government allow anyone from Russia to own anything of National Security consequence here in the US? I see that South Korea and Holland are making their mark here too in energy and owning US companies.... I agree: I think there should be an emergency bill passed in Congress to prohibit Russia having ownership and control of resources in America.

To: MJ who wrote (262656)	8/23/2008 12:09:37 PM
From: KLP	Read Replies (1) \| Respond to of 794046

Here's info about the 42 y/o Russian that is trying to buy the US coal company.... The World's Billionaires #18 Alexei Mordashov 03.05.08, 6:00 PM ET forbes.com images.forbes.com Yuri Kadobnov/AFP/Getty Images Age: 42 Fortune: self made Source: Severstal Net Worth: $21.2 bil Country Of Citizenship: Russia Residence: Moscow , Russia, Europe & Russia Industry: Manufacturing Marital Status: married, 3 children Education: Leningrad Institute of Economics and Engineering, Bachelor of Arts / Scienc University of Northumbria, Master of Business Administration Son of mill worker parents, Mordashov studied economics in Leningrad in mid-1980s. He was later named finance director of a steel mill. When the plant's elderly general director instructed him to buy up company shares so it would not fall into the hands of an outsider, Mordashov bought most of them himself. He became general director and built it into a conglomerate, acquiring automakers, coal companies, ports and transportation companies. Today his Severstal is Russia1s third-largest steel company but is looking to get much bigger. In a bid to expand internationally, Mordashov bought Rouge Industries of Dearborn, Mich. and Italian steel producer Lucchini but in 2006 lost widely publicized battle for steel giant Arcelor to powerful rival and fellow billionaire Lakshmi Mittal. In late 2007 he presided over the opening of a new mini-mill in Mississippi, in which he is biggest investor. One holding he cashed out of last year was Severstal-Auto.