November 3, 2008 By James Kimer

Inside the Deripaska-Magna Divorce

stronach110308.jpg Canadian Business has a great article examining Oleg Deripaska’s surrender of his stake in the auto parts manufacturer Magna after losing nearly $600 million on the gamble. Questions are raised about lax corporate governance standards and other hidden features of the transaction. Did the Canadian owner Frank Stronach (photo) hide his arrangement with Deripaska over management fees from shareholders?