08:08 GMT +318 July 2018
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    YUKOS SHAREHOLDERS NEED GERASHCHENKO NO MORE

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    MOSCOW, July 15 (RIA Novosti) - Shareholders of the Yukos oil company need Yukos chairman of the board Viktor Gerashchenko no more, experts say.

    On Wednesday former Yukos CEO Mikhail Khodorkovsky asked the company's shareholders to consider Viktor Gerashchenko's dismissal.

    "The period since the Yukos board decided to elect Viktor Gerashchenko its chairman (on June 24) has shown that the hopes of all Yukos shareholders for a dialogue with the government with the help of the former Central Bank chief have been frustrated," Mikhail Khodorkovsky said.

    Yevgeny Sotskov, expert with the Metropol investment company, agreed with Mikhail Khodorkovsky. "Mr. Gerashchenko failed to justify hopes of Yukos shareholders who expected him to arrange with the government and settle the company's crisis," Mr. Sotskov said.

    In his words, Viktor Gerashchenko's activities contradicted the plans of Yukos shareholders.

    As Dmitry Mangilev, expert with the Prospekt investment company, has put it, Viktor Gerashchenko was chosen Yukos chairman of the board to negotiate with the authorities, however, no talks have been launched yet and the government rejects all Yukos proposals.

    Mr. Gerashchenko's methods to settle the crisis is not that chief shareholders and the government need, Mr. Mangilev said.

    At the moment Viktor Gerashchenko's dismissal will have a positive influence on the situation around Yukos only if it is followed by negotiations, the expert added.

    Chief Yukos shareholders expected Viktor Gerashchenko arrange with the government not to let them lose their shares, said Maxim Shein, head of the Brokerkreditservis analytical department. "Mr. Gerashchenko failed to do it and became no longer necessary," Mr. Shein noted.

    He does not rule out that shareholders have changed their policy. "Formerly they intended to resist to the bitter end and now they understood that it's time to give up," Maxim Shein added.

    According to Mikhail Delyagin, head of the modernization institute and ideological council of the Rodina (Motherland) party, Viktor Gerashchenko might fail to complete his mission in the negotiations with the government, which the company put on him. "Either the negotiations were conducted not in Mr. Gerashchenko's language or they were not held at all," Mr. Delyagin told a press conference on Thursday.

    "Viktor Gerashchenko is not only my political companion but also one of the great men. He conducts negotiations in the professional language. This language might be of no use," he said.

    In his opinion, under these conditions it is difficult to predict a new successful candidate for the prosecuted company's chairman of the board.

    Chief shareholders of the Yukos oil company are ready to summon an extraordinary meeting to replace Viktor Gerashchenko, chairman of the Yukos board, a source in Menatep Group told RIA Novosti on Thursday.

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