His company suffers losses and he is expelled from the country. Chapters 16-21 explain Browder’s increasing troubles with a Russian government that now resents his whistleblowing and wants him gone. For a time, this pleases Russian ruler Vladimir Putin, who can use the help, as he tries to corral the newly-powerful oligarchs, but soon Browder’s usefulness evaporates. In the process, he runs headlong into a shadowy group known as “the oligarchs”-men who have become billionaires by taking over nearly 40% of Russian industry, and who think nothing of bribes, extortion, and even murder to achieve their aims.īrowder resists the oligarch’s attempt to ruin the Hermitage fund and files official complaints. In Chapters 8-15, Browder writes of forming Hermitage Capital, an investment fund that makes huge profits in newly-privatized Russian firms, especially oil companies, whose assets are priced at a fraction of their worth. He travels to Poland to try to save a bankrupt bus manufacturer in the process, he suffers from communication difficulties, freezing hotel-room nights, greasy food, and the failure of the bus company itself. With a Stanford MBA in hand, he works at major investment banks, focusing on the emerging markets of Eastern Europe. Browder is a rebel who tweaks the noses of his family by becoming a capitalist investor. His grandfather is a famous communist who runs for the American presidency in the 1930s his father and brothers are noted mathematicians. The first seven chapters portray Browder’s youth and early career.

Summary of red notice by bill browder