Advantages Of Privatization In Russia

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Register to read the introduction… The argument that they do so by bribing employees with promises of secure employment and the maintenance of social welfare provisions is essentially the same as that presented in the previous paragraph on collective ownership. However, there is an increasing awareness among commentators that any Soviet paternalism and coincidence of management-worker interests that might have once existed have not survived the rigors of the transition and the self-interest of managers. As A.S. Bim puts …show more content…
The managers’ self-interest, whether it be reflected in asset stripping or building up a profitable enterprise, pushes them in a similar direction. They then have two options. Once is to rely on coercion and manipulation, rather than bribery, to get worker owners to support them; the other is to get the workers to sell their shares to …show more content…
Regulations on notification are contained in Article 52. It is not essential that shareholders be informed directly and personally of shareholders’ meeting, although if a simple advertisement is to suffice the publication in which it is to appear must be specified in the Articles of Association. For larger AOs at least 30 days notice must be given of a meeting, with the Law containing a considerable degree of specification of the information that must be included in the

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