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:
“Each of the professions means a prejudice. The necessity for a career forces every one to take sides. We live in the age of the overworked, and the under-educated; the age in which people are so industrious that they become absolutely stupid.”
—Oscar Wilde (1854–1900)
“The 19-year-old Diana ... decided to make her career that of wife. Today that can be a very, very iffy line of work.... And what sometimes happens to the women who pursue it is the best argument imaginable for teaching girls that they should always be able to take care of themselves.”
—Anna Quindlen (b. 1952)
“I restore myself when I’m alone. A career is born in public—talent in privacy.”
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