The biggest somersault in Russian corporate history will be complete next year when CFO Bruce Misamore takes Yukos, Russia's number two oil company, to the US capital markets. The proof of Yukos' gymnastic ability is in the re-rating: capitalisation is $20bn (€20bn), up from $300m in 1999. Yukos is no longer a synonym for rotten corporate governance and Misamore, an affable American, is focused on "making this a truly competitive international corporation in terms of financial management".
When he arrived in February 2001, Misamore â with 23 years of experience at Marathon Oil and PennzEnergy â one of corporate Russia's senior ex-pats made a commitment to Yukos for "five years... and maybe more. We're all having fun".
