UNIFIED ENERGY SYSTEMS
, the electric-power monopoly. Chubais’s experience with turbulence and backstabbing in Yeltsin’s cabinet will stand him in good stead. The government controls 52% of UES, but management of the $14 billion company is so sharply divided between reformers and traditionalists that decision-making is paralyzed. According to the Russian press, Chubais owes his seat to foreign shareholders, who control 30% of the company’s capital.