Normal corporate ethics vie with graft and gangsterism

“All happy families resemble one another, but each unhappy family is unhappy in its own way.” So Tolstoy has it in Anna Karenina. Something similar could be said of Russia’s companies.

After two years of relatively strong economic growth, the managers of Russia’s leading companies are becoming increasingly happy. Production and sales are rising. They have enough money to make investments for the moment and international prices are high, while the government has cut taxes to low levels.