Career
In 1991 Baturina founded her company, Inteco ("Inteko" (Интеко) in Russian), which focuses on construction though it began as a plastics business. After Luzhkov became the mayor of Moscow in 1992, Inteco grew quickly, and he was accused of corruption because he awarded municipal contracts to his wife's company. For instance, Inteco was controversially awarded the contract to produce 85,000 seats for Luzhniki Stadium, Moscow's largest stadium, in 1995. At one point Inteco was said to control 20% of construction in the capital. It is now being restructured away from building projects. In 2005 Inteco sold its cement works and DSK-3, a producer of prefabricated buildings, for US$1.1 billion. Baturina then bought shares in Gazprom and Sberbank.
Read more about this topic: Yelena Baturina
Famous quotes containing the word career:
“It is a great many years since at the outset of my career I had to think seriously what life had to offer that was worth having. I came to the conclusion that the chief good for me was freedom to learn, think, and say what I pleased, when I pleased. I have acted on that conviction... and though strongly, and perhaps wisely, warned that I should probably come to grief, I am entirely satisfied with the results of the line of action I have adopted.”
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“Clearly, society has a tremendous stake in insisting on a woman’s natural fitness for the career of mother: the alternatives are all too expensive.”
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