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	<title>Observer &#187; It Pays to Peeve Putin! Ex-Yukos CEO Theede Buys in Plaza for $7.9 M.</title>
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		<title>Observer &#187; It Pays to Peeve Putin! Ex-Yukos CEO Theede Buys in Plaza for $7.9 M.</title>
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		<title>It Pays to Peeve Putin! Ex-Yukos CEO Theede Buys in Plaza for $7.9 M.</title>

		<comments>http://observer.com/2007/10/it-pays-to-peeve-putin-exyukos-ceo-theede-buys-in-plaza-for-79-m/#comments</comments>
		<pubDate>Tue, 16 Oct 2007 23:33:16 -0400</pubDate>
					<link>http://observer.com/2007/10/it-pays-to-peeve-putin-exyukos-ceo-theede-buys-in-plaza-for-79-m/</link>
			<dc:creator>Max Abelson</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/transfers-plaza1.jpg?w=300&h=161" />Earlier this month, after the Russian gambling titan Boris Belotserkovsky bought a $5 million condo at <strong><span style="font-family: 'Exchange Text Bold'">the Plaza</span></strong>, <em>The Observer</em> pointed out that his public criticism of President Putin might make things awkward between the casino mogul and his Plaza neighbor, Vladimir Stolyarenko, a banker with reported ties to the Kremlin.
<p class="text">But Mr. Belotserkovsky now has a new potential ally in the freshly redone 100-year-old building. <strong><span style="font-family: 'Exchange Text Bold'">Steven Theede</span></strong>, the ex-CEO of Yukos Oil, the energy giant that Mr. Putin helped flatten, closed this month on a 10th-floor Plaza spread.</p>
<p class="text">He and his wife paid <strong><span style="font-family: 'Exchange Text Bold'">$7,920,581 and 5 cents</span></strong>, according to city records—which lists their home address at a 7,466-square-foot Houston house, built in 2004.</p>
<p class="text">Mr. Theede, an American, turned down an interview request, writing, “[M]y wife and I have discussed this and would very much prefer to keep a low profile for privacy reasons, which I’m sure you would understand.”</p>
<p class="text">But Mr. Theede’s profile hasn’t been all that low. He became the COO of Yukos in 2003; yet, by the time he became CEO a year later, the company’s billionaire owner, Mikhail Khodorkovsky, had been jailed on odd fraud charges. </p>
<p class="text">When Mr. Theede resigned from Yukos last year, <em>The New York Times</em> said his tenure had brought Western-style “corporate legitimacy” to the company. Within a month, Russian authorities announced that he and three other Western executives were under investigation for using a Dutch foundation to illegally take control of Yukos assets. Mr. Theede has said that that came as payback for “not caving in” to Mr. Putin’s government.</p>
<p class="text">Whether or not he did anything wrong, Mr. Theede probably counts himself lucky to not be in the Siberian prison camp where his former boss is serving an eight-year sentence. They don’t have an Oak Bar there, or the Plaza’s 24-karat gold Sherle Wagner bathroom faucets.</p>
<p class="text">&nbsp;</p>
<p class="text">&nbsp;</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/transfers-plaza1.jpg?w=300&h=161" />Earlier this month, after the Russian gambling titan Boris Belotserkovsky bought a $5 million condo at <strong><span style="font-family: 'Exchange Text Bold'">the Plaza</span></strong>, <em>The Observer</em> pointed out that his public criticism of President Putin might make things awkward between the casino mogul and his Plaza neighbor, Vladimir Stolyarenko, a banker with reported ties to the Kremlin.
<p class="text">But Mr. Belotserkovsky now has a new potential ally in the freshly redone 100-year-old building. <strong><span style="font-family: 'Exchange Text Bold'">Steven Theede</span></strong>, the ex-CEO of Yukos Oil, the energy giant that Mr. Putin helped flatten, closed this month on a 10th-floor Plaza spread.</p>
<p class="text">He and his wife paid <strong><span style="font-family: 'Exchange Text Bold'">$7,920,581 and 5 cents</span></strong>, according to city records—which lists their home address at a 7,466-square-foot Houston house, built in 2004.</p>
<p class="text">Mr. Theede, an American, turned down an interview request, writing, “[M]y wife and I have discussed this and would very much prefer to keep a low profile for privacy reasons, which I’m sure you would understand.”</p>
<p class="text">But Mr. Theede’s profile hasn’t been all that low. He became the COO of Yukos in 2003; yet, by the time he became CEO a year later, the company’s billionaire owner, Mikhail Khodorkovsky, had been jailed on odd fraud charges. </p>
<p class="text">When Mr. Theede resigned from Yukos last year, <em>The New York Times</em> said his tenure had brought Western-style “corporate legitimacy” to the company. Within a month, Russian authorities announced that he and three other Western executives were under investigation for using a Dutch foundation to illegally take control of Yukos assets. Mr. Theede has said that that came as payback for “not caving in” to Mr. Putin’s government.</p>
<p class="text">Whether or not he did anything wrong, Mr. Theede probably counts himself lucky to not be in the Siberian prison camp where his former boss is serving an eight-year sentence. They don’t have an Oak Bar there, or the Plaza’s 24-karat gold Sherle Wagner bathroom faucets.</p>
<p class="text">&nbsp;</p>
<p class="text">&nbsp;</p>
]]></content:encoded>
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