Rusnano did not fire for four reasons
Chubais quartered Rusnano
Yulia Kalinina, Moskovsky Komsomolets, July 3, 2012
photo: Gennady Cherkasov
Anatoly Chubais, Chairman of the Management Board of Rusnano, speaking at the St. Petersburg Economic Forum last week, named four reasons for the failures of the state-owned company's projects.
"The first is that the business is growing faster than the management team, the second is that the business model is wrong, the third is that the market does not meet expectations, the fourth is that scientific and technological risks are underestimated."
Rusnano is a state corporation transformed into JSC, established by the Government of the Russian Federation, which made a property contribution of 130 billion rubles in 2007, intended to support its activities. Rusnano attracts investors' money – mainly large state–owned companies such as Gazprombank - and invests them in the development of innovative projects based on the use of nanotechnology.
The task of Rusnano is to choose the best projects for investment that will bring maximum benefit and, accordingly, track them, well, and be responsible for your choice.
In 2011, Rusnano received a net loss of 3 billion rubles. The loss for the first quarter of 2012 amounted to 120.6 million rubles. This means that it does not manage to invest money in nanotechnology with maximum benefit. Rusnano has many more unsuccessful projects than successful ones, about which, I must say, little is known at all.
Standing on the stage of the St. Petersburg Economic Forum near a huge monitor glowing behind his back, Anatoly Borisovich openly and directly, with shameless arrogance, explained why his team was throwing away other people's (mostly state) money in such cosmic quantities.
Because she is absolutely, blatantly incompetent. It is this conclusion that directly follows from the four reasons given by him.
The first reason – the business is growing faster than the management team – suggests that this team is bad, inept and unprofessional, and its number does not matter at all.
The second – the business model of the projects is erroneous - indicates that Rusnano is run by people who do not know how to do business.
The third – the market does not meet expectations – means that these people do not understand the market.
The fourth is that scientific and technological risks are underestimated – it means that they do not understand the very subject of the business they are engaged in.
In general, these four reasons for Chubais mean that Rusnano Corporation is run by not very honest people who are very far from the business that they are entrusted with and entrusted with. Having very vague ideas about him. But they hid it for six years.
But now that Chubais has called a spade a spade, some steps on the part of the highest state power in relation to Rusnano will probably still follow. You can't leave people there who can neither build a business model correctly, nor assess the risks.
They will probably be transferred somewhere now. They will be entrusted to lift space, for example. Or oceanic depressions.
Where have we not invested public funds yet? Call Chubais and the team, they will invest.
Anatoly Chubais earned 22.4 million rubles at his main job as Chairman of the Board of Rusnano in 2011. Seven of Chubais' colleagues on the board of Rusnano received less than the boss, but in total, the board's income, including Anatoly Chubais' income, reached almost half a billion rubles – 492 million.
It is interesting that among these "colleagues on the board" there are many people who became famous during the unforgettable Yeltsin reforms. Then they did a good job for the benefit of the people, stripping them to the skin. Now, as you can see, they continue to do the same with success.
Portal "Eternal youth" http://vechnayamolodost.ru06.07.2012