Excerpt: Bill Browder, Hermitage Fund CEO, on the Early Years

Browder talks about the setting up the Hermitage Fund and getting early investors on board, including Republic National Bank's founder Edmond Safra. His investments in Russia quickly exceeded $1B. However, Browder was soon confronted by the Russian "oligarchs", who in 1998-99, went, according to Browder, on "an orgy of stealing". In 2006, Browder was blacklisted by the Russian government as a "threat to national security" and denied entry to the country. Recorded: Oct. 22, 2009 Global Management Program: http://www.gsb.stanford.edu/gmp/speakers/index.html Related Stories: http://www.gsb.stanford.edu/news/headlines/browder09.html?cmpid=yt A Russian Odyssey: http://www.gsb.stanford.edu/news/bmag/sbsm0611/feature_browder.html?cmpid=yt

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