King of Oil für Wirtschaftsbuchpreis nominiert

Die Finalisten des Deutschen Wirtschaftsbuchpreises 2010 stehen fest. Zehn Titel aus den rund 100 eingereichten Büchern haben es auf die Shortlist geschafft. King of Oil ist einer der Finalisten.

Eine hochkarätige Jury mit Vertretern aus Wirtschaft und Wissenschaft unter dem Vorsitz von Hermann-Josef Knipper, stellvertretender Chefredakteur des Handelsblattes, wählt daraus das beste Wirtschaftsbuch in Deutschland. Der Preis wird am 7. Oktober im Rahmen der Buchmesse in Frankfurt verliehen.

http://www.handelsblatt.com/magazin/kultur-lifestyle/sieger-kandidaten-die-wirtschaftsbuchpreis-shortlist;2626915

«Spannung bis zur letzten Seite»: Ein Händler ohne Emotionen und Tabus

The Financial Times on The King of Oil

The Financial Times just published an excellent article about Glencore, its origin and its future. The King of Oil – The Secret Lives of Marc Rich was an important source and is quoted in the article:

Amid such profound changes, Glencore started to plot a new future. Such plans will move the group further from its origins under Marc Rich, an oil trader who founded the business under the name of Marc Rich + Co in 1974, and sold to management in 1993. According to Daniel Ammann’s book, The Secret Lives of Marc Rich, the founder – who made a lot of money from deals with countries shunned by others, such as apartheid South Africa and Iran – sold the company to management for about $600m, a figure Mr Rich said was not far from reality.Read More »

Why Sanctions Against Iran Will (Almost Surely) Fail

Iran is coming under even greater pressure to curb its nuclear program. The U.N. Security Council is expected to vote soon on a fresh round of sanctions against the country. U.S. Defense Secretary Robert Gates said that the draft resolution is even “somewhat stronger” than he expected. According to the New York Times, even the very lucrative energy sector is mentioned in the preamble, noting the “potential connection between Iran’s revenues derived from its energy sector” and possible financing for its nuclear program.Read More »

石油之王:马克·里奇的秘密人生

谁能想到一个身无分文的欧洲大屠杀事件的幸存者,能够通过自己坚忍不拔的努力最终跻身为美国最富有的富豪之一?又有谁能够想到一个穷困潦倒的犹太难民的后 裔,能够凭借石油贸易一举成为世界上最有权势的大宗商品经销商,成为当之无愧的“石油之王”?马克·里奇是20世纪最有权势、也最具争议的贸易商人之一。 他的生活也总是异常受人关注,他与生活了20多年的妻子离婚,他的离婚代价不菲;他神通广大,与许多政治敏感国家关系友好,并与它们进行石油贸易;他在美 国臭名昭著,是美国“历史上最大的逃税案”的主犯,被认为是“叛国者”,遭到国际通缉。但无疑,马克·里奇是幸运的,2001年1月,当比尔·克林顿总统 在位的最后一天他终于得到赦免。这一切就构成了世人眼中的马克·里奇。他永远都不褪色的一生充满了神秘的传奇色彩。



“Санкции против Ирана бесполезны”

На Ближнем Востоке политические угрозы редко приносят результат.

Хиллари Клинтон говорит, что США намерены ввести против Ирана «действенные санкции». С тем же успехом она могла бы сказать иранцам, что они их накажут и поставят в угол. Read More »

“Sanctions On Iran Will Fail”

Hillary Clinton telling Iran that the US is looking for sanctions that bite is like telling them they’re going to be grounded and cannot go outside. Sanctions don’t work as far as political threats are concerned in the Middle East – at best they are “hit or miss.” And as reported in Daniel Ammann’s new book, The King of Oil, Israel got 60-90% of its oil from Iran at a time that they weren’t officially recognized because it was in everyone’s interest to be business partners although publicly they had to “not save face” and remain bitter enemies.

Read More »

石油之王:马克·里奇的秘密人生

《石油之王》独家讲述了瑞士嘉能可公司创始人马克·里奇的传奇人生。瑞士嘉能可公司是世界上最大的大宗商品和原材料供应商之一,也是最大的私人企业之一。这本传记讲述了马克·里奇许多传奇往事,描述了一个从大屠杀中逃生的儿童,如何成长为20世纪最富有的大宗商品交易商的权势人生。书中深刻描写了他的经商之道、个人生活以及他与以色列情报机关摩萨德的合作等鲜为人知的细节。
美国媒体称本书为“媒体炸弹”、“当今五大最热门传记作品”或“心理惊悚片”。里奇低调寡言,二十几年来甚至不允许媒体刊登他的照片。本书是首次披露这个神秘亿万富豪与阿亚图拉·霍梅尼当权时期的伊朗、菲德尔·卡斯特罗统治的古巴、饱受战争蹂躏的安哥拉以及推行种族隔离政策的南非等国家进行石油交易时所不为人知的幕后故事。
马克·里奇在书中讲述了他的投资之道,他对石油和大宗商品市场未来发展的看法,以及他在中国的生意经和对中国贸易政策的支持。

閱讀全文: Marc_Rich_cn_110309

Forbes – The World’s Billionaires

#937 Marc Rich

Net Worth: $1.0 bil
Fortune: Self Made
Source: commodities
Age: 75
Country Of Citizenship: United States
Residence: Meggen
Education: New York U, Drop Out
Marital Status: Divorced, 2 children

NYU dropout started career in mail room of Philipp Brothers in 1954. With long-term partner Pincus Green, built Phibro into world’s largest trader of oil, grain, metals. Left mid-1970s, founded Marc Rich & Co. Fled to Europe 1983 after being indicted for trading with Iran during hostage crisis, evading $50 million in taxes. Duo pardoned by Clinton 2001. Born in Antwerp, Belgium 1934, spent childhood in Philadelphia, Kansas City, New York. Now resides in Switzerland; has given more than $100 million to Jewish causes and leukemia research. Lost millions to Madoff. Net worth estimate likely low.

Recent book by Swiss journalist Daniel Ammann says Rich revealed in interviews his extensive dealings with Iran, Cuba, South Africa; said he provided intelligence to U.S. diplomats about regimes while on the run.

source: http://www.forbes.com/lists/2010/10/billionaires-2010_Marc-Rich_THOQ.html

“The King of Oil” – un livre passionnant

Dans la matinée du 20 janvier 2001, juste avant de quitter définitivement la Maison Blanche, le président Bill Clinton annonça avoir mis un terme définitif aux procédures judiciaires engagées depuis 18 ans contre le trader Marc Rich et qui avaient fait de lui un proscrit dans son propre pays. En langage juridique, américain, on appelle cela une « grâce ». Cette décision, la dernière du président démocrate, provoqua un tollé dans les médias et dans les milieux politiques. On alla jusqu’à parler de corruption.

Mais qui était donc Marc Rich, l’homme qui causait tant de remous. Qu’avait-il fait pour mériter une telle faveur et encourir de telles foudres de la justice et de  l’opinion publique américaine ? C’est à la recherche des réponses que s’est lancé le journaliste suisse Daniel Ammann. Read More »

“Glencore is Marc Rich’s legacy”

It’s a well-known fact that oil made Marc Rich the world’s richest and most powerful commodities trader. Oil also made Rich – born Marcell David Reich – infamous around the world for his illegal deals with Iran during the hostage crisis almost 30 years ago. But what few people know is that metals – rather than oil – are responsible for kicking off and ultimately ending his career, Daniel Ammann, author of Rich biography “The King of Oil” reveals.Read More »

石油之王:马克·里奇的秘密人生

石油之王:马克·里奇的秘密人生》内容简介:他创设了原油现货交易市场,是20世纪最具争议的国际商人,被业界称为“石油之王”;他因获得比尔·克林顿 总统的赦免而名噪一时,也因司法部长埃里克·霍尔德主持的听证会而再次成为媒体的焦点;他就是身家过亿的富商——马克·里奇。作为首部有关马克·里奇的采 访手记,《石油之王:马克·里奇的秘密人生》的问世必将成为各大报刊的头版头条新闻。书中披露了他的许多鲜为人知的往事,由儿时从大屠杀中逃脱的惊险故 事,一直写到他成为20世纪最为富有且最有权势的石油等大宗商品交易商的人生历程。书中描写了他的个人生活(包括被判支付妻子丹妮丝高达3.65亿美元的 离婚案);他创设原油现货交易市场的过程——这不仅为他个人带来了财富,同时也改变了世界经济;他与阿亚图拉·霍梅尼当权的伊朗、菲德尔·卡斯特罗统治的 古巴、饱受战争蹂躏的安哥拉以及推行种族隔离政策的南非等国家进行石油交易时不为人知的幕后故事;他与以色列政府和美国政府之间的秘密合作(即使在鲁迪· 朱利亚尼指控他犯有逃税罪之后);以及美国特工试图对他进行非法绑架的秘闻隐情。从早期的从商岁月直至今日,马克·里奇的整个故事引人入胜,让人惊叹。

Read More »

“Ævintýralegt líf í olíuheimi”

Frá árinu 1940 og fram til 1970 var verð á tunnu af hráolíu á bilinu 2 – 3 USD. Verð breyttust lítið þótt sveiflur kæmu fram öðru hvoru þegar heimsmálin voru í óvissu. Markaðurinn á þessum tíma var í ástandi sem kallað er „oligapoly“ þar sem hinar sjö systur svokölluðu (Chevron, Esso, Shell, Texaco, BP, Mobil og Gulf) réðu alfarið verðlagningu á olíuvörum í heiminum. Á þessum tíma kostaði að meðaltali ca. 40 cent að ná upp tunnu af hráolíu og með söluverð í 2.50 USD þá var hagnaður risanna gríðarlegur. Til samanburðar þá er talið að meðalverð á olíu uppúr sjó í dag sé um 35.00 USD pr. tunnu.Read More »

「キング・オブ・オイル」の「シークレット・ライフ」を公開

商品取引のトレーダー、マーク・リッチ氏は、自分が「悪魔」と呼ばれてきたことを認めている。しかしスイス人ジャーナリスト、ダニエル・アマン氏の新刊本は、この億万長者を聖人とも罪人とも描いてはいない。

アマン氏は『ザ・キング・オブ・オイル ( The King of Oil ) 』の執筆にあたり、リッチ氏に長時間の取材を行った。イスラエルとイランが通商関係を結ぶことなど考えられなかった時代に、両国による石油パイプラインの 合弁事業を成功させたのは、リッチ氏の偉業の一つだとアマン氏は語る。

ルツェルン湖のほとりに住む74歳のリッチ氏はこれまでずっと疑惑の人物だった。そして確かに彼は、 いつも公明正大な立場にあったわけではない。イランとの不法取引や脱税容疑でアメリカ政府から告訴されていたリッチ氏は、逮捕を恐れアメリカへ1度も戻っ ていない。互いに商関係を持つことを拒む相手同氏を結びつけたリッチ氏は、多く人々の驚きといら立ちの中、ビル・クリントン大統領から任期最後の日に恩赦 を獲得した。Read More »

“Monsieur Ndolo”

Published in the United States last month, the biography of the legendary trader Marc Rich (Daniel Ammann, The King of Oil, published by St. Martin’s Press) could be read as a Who’s Who in African oil. Names such as Jacques Hachuel and Alexander Hackel crop up as well as that of a mysterious “Monsieur Ndolo.” This was the pseudonym of a French trader who headed the Compagnie Burundaise de Commerce (Cobuco) that was owned in equal halves by the Burundi government and Marc Rich + Co. In the 1980s, Cobuco bought Iranian crude. Officially to meet Burundi’s needs, the oil was in fact sold on to international markets. As for Marc Rich +Co, it made billions by supplying oil to South Africa during the apartheid era in defiance of sanctions. Rich also set up the trading department of Sonangol in Angola.

Copyright 2009 Indigo Publications

“Monsieur Ndolo”

Parue le mois dernier aux Etats-Unis, la biographie du légendaire trader Marc Rich (Daniel Ammann,The King of Oil, St. Martin’s Press) se lit comme un Who’s Who du pétrole africain. On y retrouve Jacques Hachuel, Alexander Hackel, ainsi que le mystérieux “Monsieur Ndolo”. Derrière ce nom d’emprunt se cachait un trader français qui dirigeait la Compagnie burundaise de commerce (Cobuco) contrôlée à parts égales par le gouvernement du Burundi et Marc Rich + Co. Durant les années 80, la Cobuco achetait du brut iranien, officiellement pour satisfaire les besoins du pays. Le pétrole était en réalité revendu sur les marchés internationaux.

Copyright 2009 Indigo Publications

“Glencore, le joker pétrolier d’Israël”

Pour priver l’Iran d’essence et l’obliger à négocier sur le dossier nucléaire, les pays occidentaux multiplient les pressions sur les négociants qui l’alimentent en produits pétroliers. Si les Etats-Unis menacent de faire voter une loi, Israël préfère faire jouer ses relations privilégiées avec la principale entreprise de négoce au monde, le suisse Glencore, dont le chiffre d’affaires s’élevait à 165 milliards de francs suisses en 2008. Basé à Zoug, le groupe, qui s’est longtemps appelé Marc Rich + Co. AG, travaille en bonne intelligence avec Tel-Aviv depuis près de quarante ans.Read More »

“Besmeurde leven van oliehandelaar Marc Rich”

(Belgium)
In de biografie The King of Oil schetst de Zwitserse journalist Daniel Ammann een opvallend mild portret van de omstreden Amerikaanse oliehandelaar Marc Rich (75). In de jaren tachtig kreeg Rich, die in Antwerpen werd geboren, de publieke opinie over zich heen toen aanklager Rudolph Giuliani hem beschuldigde van grootschalige belastingontduiking én van illegale oliehandel met Iran. Toen president Bill Clinton hem in 2001 gratie verleende, luidde de kritiek dat Rich zelfs de gunsten van de machtigste man ter wereld kon kopen. Ammann somt in zijn boek de talrijke steken op die Giuliani liet vallen bij zijn (tevergeefse) pogingen om Rich voor de rechter te slepen. Ook gunt hij de lezer een soms ontstellende blik achter de schermen van de internationale grondstoffenhandel.Read More »

“An Invaluable Tip from the King of Oil”

He’s been called the “King of Oil.” He made hundreds of millions of dollars by foreseeing the surges in oil prices of the 1970s. When the oil market was dominated by a handful of large oil companies (the Seven Sisters), he took them on…and won.

He’s an entrepreneur, a billionaire, and at one point in time was one of the most controversial fugitives of the 20th century. Think what you will about Marc Rich, but no one can deny he has made a fortune by being right at the right time when it comes to geopolitics and commodity prices.

Now he’s making his view of the future available for everyone. And just like his trading ideas in the 60s and 70s, his expectations may go unnoticed by the majority, but they have a good chance at making a lot of money for those willing to listen now.Read More »

“Glencore as Israel’s Wild Card”

To deprive Iran of gasoline and force the country to come to the negotiating table regarding its nuclear program, Western nations are turning up the heat on traders who supply Tehran with oil products. While the United States is threatening to adopt a new sanctions bill, Israel is clearly preferring to use its special relations with the world’s leading trading concern, Switzerland’s Glencore, which had annual sales of SFR 165 billion in 2008, to pressure the Iranians. The group, which was long named Marc Rich + Co, has enjoyed excellent relations with Tel Aviv for nearly 40 years.Read More »

Marc Rich – The King of Oil

Ludwig von Mises Institute

To hear author Daniel Ammann tell the story, Marc Rich was run out of the United States. If his thesis is correct, President Clinton’s pardon of Rich (and Pinkus Green for that matter) should have been just the beginning of an apology the size of which could be immeasurable. At the heart of Ammann’s book, The King of Oil, is the life of Marc Rich who created what is known as the spot market for crude oil.Read More »

“Le plus grand trader en pétrole de l’histoire”

On se souvient d une grâce présidentielle qui fit scandale le 20 janvier 2001, dernier jour de sa présidence. Bill Clinton amnistia Marc Rich le plus grand trader en pétrole de l’histoire (entre 1963 et 1993 il assura de 60 à 80 des besoins en pétrole d Israël). Dans cette biographie passionnante The King of Oil, Daniel Ammann, chef de la rubrique économique de Die Weltwoche, à qui Rich accorda une trentaine d’heures d’entretien nous dévoile les dessous de cette sulfureuse affaire, ainsi que mille et une anecdotes et confessions d’un personnage haut en couleurs et hors du commun, à qui la chance offrit plusieurs vies. Aujourd’hui âgé de 75 ans, Rich vit entre la Suisse et l Espagne escorté en permanence par deux gardes du corps. Il possède une société d’investissements immobiliers et aime à parier sur les produits dérivés de matières premières (J. C.)

DANIEL AMMANN
«The King of Oil The Secret Lives of Marc Rich»
St Martin s Press
320 pages / 44.20 francs

Fuel Supplier Cutting Off Iran on Behalf of Israel

The Swiss trading company “Glencore” is cooperating with Israel and reducing oil supplies to Iran while continuing to ship to Israel in order to force Iran to negotiate over its nuclear  program, according to the Paris-based Intelligence Online newsletter. “Although it doesn’t hesitate to deal with countries even more isolated than Iran, Glencore appears to have abandoned Tehran in favor of one of its oldest and most loyal customers, Israel,” the newsletter said.Read More »

“Marc Rich, el oscuro Rey del Petróleo”

(Sunday Magazine of ABC, one of Spain’s largest newspapers, 5.12.2009)

Buscado por el FBI en los ochenta, ha colaborado con la CIA y el Mossad, ha hecho negocios con el Irán de Jomeini, con el Chile de pinochet, con la Sudáfrica del Apartheid… Bussines is bussines. Tanto que llegó a desafiar a las siete grandes compañías petroleras del mundo y a controlar una producción superior a la de Kuwait. Refugiado en su villa de Suiza, a los 74 años, cuenta por primera vez su vida. De película.Read More »

“We were all against Apartheid”

The Independent (South Africa), Nov 20, 2009

By Fiona Forde

Daniel Ammann had been knocking on Marc Rich’s door for more than seven years, but the notorious billionaire fugitive financier refused to budge. “I used to write. Then send faxes and emails, a few times a year,” the 45-year-old Swiss business journalist recalls, but the answer was always the same: “No interviews.” But all that changed in December 2006 when the infamous commodities trader who had done business with brutal dictatorships and regimes, South Africa’s among them, agreed to talk. “It’s because of age and maturity,” he would later tell Ammann.Read More »

“A must-read, a Psychological Thriller”

bg_logoMarc Rich Meets Che, Bribes Thugs, Regrets Nothing

Review by A. Craig Copetas The King of Oil

Oct. 15 (Bloomberg) — Long ago, in the courtrooms of ancient Athens, hubris was a crime and judges weren’t shy about convicting. Sometimes the penalty was left in the hands of a higher authority. “After hubris,” the saying went, “comes Nemesis,” the goddess of justice Zeus appointed to visit Earth in the form of a goose. Not even King Croesus was able to buy Nemesis off.

“The King of Oil,” by Daniel Ammann, is the mostly familiar tale of how the infamous American, Israeli and Spanish multibillionaire commodity trader Marc Rich — the inventor of the spot-oil market and for nearly two decades the most-wanted white-collar fugitive in America — did what Croesus could not and cooked the goose.

Ammann’s biography, written with Rich’s cooperation, is a briskly paced primer on how to get off the hook, a must-read for any businessman facing federal indictment and a guaranteed tear- jerker for the U.S. white-collar prison population.Read More »

Marc Rich Spills His Secrets

logo_header
The fugitive financier’s biographer talks to Allan Dodds Frank about Rich’s global commodities empire, his connection to U.S. intelligence, and how he bribed world leaders.

Everyone has a favorite fugitive. Hollywood loves Roman Polanski; the Taliban worship Osama bin Laden. For me and dozens of other reporters who have intermittently chased Marc Rich over the last three decades, the commodities trader has been the man most tantalizingly on the lam.

Now comes the journalistic coup by Daniel Ammann, an intrepid Swiss business journalist who, after years of trying to interview Rich, sits down, writes him a long letter full of loaded questions, and astonishingly convinces Rich to be interviewed at length—on the record—for The King of Oil: The Secret Lives of Marc Rich. Much of Rich’s story has long been suspected, but hard to prove.Read More »

“King of oil” discloses his “secret lives”

swissinfo_08-eng

Commodity trader Marc Rich admits he’s been painted as a “devil”, but a new book by a Swiss journalist describes the billionaire as neither saint nor sinner.

Daniel Ammann, who interviewed Rich extensively for his book, The King of Oil, told swissinfo.ch how an oil pipeline through Israel – a joint venture between Iran and Israel – was one of Rich’s greatest successes at a time when the two countries were seemingly impossible trading partners.Read More »

The New York Times on The King of Oil

nyt-global-edition-masthead-logo

October 16, 2009

By JAD MOUAWAD – Marc Rich, the former fugitive oil trader long criticized for his business ties to nations like Iran, South Africa and Cuba, has acknowledged in a new book that his dealings with those nations were more extensive than previously disclosed.

In more than 30 hours of conversations with a Swiss journalist, Daniel Ammann, the usually tight-lipped Mr. Rich gave an extensive account of his oil trading from the 1970s through the 1990s.Read More »

Bloomberg: “King of Oil” is Top 5 Nonfiction Book

bg_logo

T

With so many books in the stores, we’re often asked for recommendations. Here’s a list of recent nonfiction books.

“The King of Oil: The Secret Lives of Marc Rich” by Daniel Ammann. Published by St. Martin’s Press.

This biography, written with the cooperation of the infamous multibillionaire commodity trader Marc Rich, is a briskly paced primer on how to get off the hook, a must-read for any businessman facing federal indictment and a guaranteed tear- jerker for the U.S. white-collar prison population. It’s a psychological thriller and a gleeful celebration of asocial justice and why the sound application of money will always beat the odds and embarrass the gods.

https://www.bloomberg.com/news/articles/2010-05-27/top-50-business-books-animal-spirits-to-what-the-dog-saw-

A month ago Bloomberg already named The King of Oil one of the five best Business Books of recent months:

http://www.bloomberg.com/apps/news?pid=20601088&sid=aqAwrR2ip2lM

“Trading with the enemy”

WEEKALogo

(South Africa, November 1, 2009) The King of Oil

Marc Rich, the international oil dealer once wanted in the US for trading with the enemy until pardoned by President Bill Clinton, secretly satisfied nearly all of apartheid South Africa’s oil demands for more than a decade in spite of international oil embargoes, and then continued doing business with the Mandela government after apartheid collapsed, according to a new book.Read More »

“The Saga of a Business Genius”

Taylor Conant, EconomicPolicyJournal.com, Nov 1, 2009

The popular telling of the myth of the crimes of Marc Rich almost perfectly captures the modern American zeitgeist– a businessman, the most evil and exploitative kind of villain that can plague a nation of honest and earnest people, sought to earn a profit via oil trades with the enemy (post-Revolution Iran) during a time of national crisis and embargo (the embarrassingly stupid hostage situation in Tehran circa 1979), evaded his tax obligations and then had the sheer nerve (or perhaps deep well of pure, black hatred within his heart) to refuse to stand trial for his crimes by fleeing to neutral Switzerland, using his enormous, illegally-acquired and not to mention positively unsightly personal wealth to buy himself immunity — and eventually a full pardon — from a criminal justice system to which lesser mortals must pay heed.Read More »

“They might still have an unpaid parking ticket”

WashingtonPostLogo

Marc Rich, the billionaire financier infamously pardoned by Bill Clinton, says he’s never returning to the United States. Rich fled to Switzerland in the 1980s after charges of tax evasion and claims it’s still not safe to set foot in this country. U.S. authorities “would look for some excuse to apprehend me,” Rich says in a new book by journalist Daniel Ammann. “They might still have an unpaid parking ticket of mine from 30 years ago.” Hmmm … fugitive in exile, Swiss authorities — maybe he should visit Roman Polanski at his undisclosed location?

http://voices.washingtonpost.com/reliable-source/2009/10/this_just_in_101.html

«I was an easy target»

email_dailynews_logo

October 11, 2009

President Clinton set off a furor by granting him a pardon. But, even after 26 years in exile, billionaire Marc Rich vows he will “never” set foot in America again.

Rich, who fled to Switzerland rather than face prosecution for tax evasion and trading with the enemy, says in a new bio that the public outcry over the pardon told him it still isn’t safe to come home.

“[U.S. authorities] would look for some excuse to apprehend me,” the elusive commodities trading wizard tells Daniel Ammann in “The King of Oil.” “They might still have an upaid parking ticket of mine from 30 years ago.”Read More »

“La historia de Rich vuelve a la luz”

Diario Financiero Online

Diario Financiero (Chile), Oct 19, 2009

Durante casi dos décadas, Marc Rich, el multimillonario operador del mercado de commodities y considerado el creador del mercado spot del petróleo, fue el fugitivo de cuello y corbata más buscado de Estados Unidos. Su historia de engaños e impunidad cobra un especial interés hoy, cuando los altos ejecutivos en todo el mundo están bajo la lupa por su responsabilidad en la mayor crisis económica y financiera desde los años ‘30.Read More »

«Rich’s willingness to help out the Mossad»

logo_tablet-mag

A NEW READ ON JEWISH LIFE

The United States offers at least as much to those who crave profits as it does to those who follow prophets. Marc Rich falls into the former camp: born in Belgium, he arrived in New York in 1942 with his parents at the age of eight, and soon set his sights on amassing a world-class fortune. He did so, in part, by trading commodities with Iran, Cuba, Angola, and South Africa; his convictions for such dealings and for tax evasion were famously pardoned by Bill Clinton. In The King of Oil: The Secret Lives of Marc Rich (St. Martin’s, October), Daniel Ammann calls the elusive billionaire’s story “both typically American and typically Jewish,” and describes Rich’s willingness to help out the Mossad on occasion through his extensive network of contacts in Iran and Syria.

«Compelling Story»

logo2

The King of Oil: The Secret Lives of Marc Rich. Ammann, Daniel (author). Oct. 2009. 320p. illus. hardcover, $26.99 (9780312570743). 381. 
REVIEW.

book_imageMarc Rich came to the U.S. as a poor Jewish Holocaust refugee and became one of the world’s richest and most powerful commodities traders, single-handedly breaking the lock on the oil market held by the cartel of Big Oil by inventing the first fully functioning spot oil market. Yet he is not known the world over for his vast entrepreneurial achievements, but rather for fleeing the country in 1983 to avoid charges of tax evasion, and for the controversial last-minute pardon by President Clinton in 2001. For the first time, Rich speaks out about his career, his private life, and the case that cost him his reputation, his wife, and his company. Ammann gives a fair and balanced portrait of this shrewd businessman, who was attacked for political gain by zealous prosecutors, vilified in the media, and dogged by U.S. Marshals, who attempted for 17 years to kidnap him illegally. While the moral debate about Rich’s activities will surely continue, Ammann presents a compelling story of a life of intrigue, espionage, and brazen chutzpah. David Siegfried

«Remarkable Book»

LibJourLogo

Ammann, Daniel. The King of Oil: The Secret Lives of Marc Rich. St. Martin’s. Oct. 2009. c.320p. illus. index. ISBN 978-0-312-57074-3. $26.99. BUS

Swiss journalist Ammann surely got the scoop of his career when notorious commodities trader Marc Rich agreed to meet with him, which resulted in this remarkable book. Rich fled to Switzerland in 1983 to avoid prosecution for tax fraud; President Clinton’s last-day pardon of Rich ignited a firestorm of controversy. As Ammann rightly claims, very little was known about this “most successful and controversial commodities trader the world has ever seen.” He offers rare insight into Rich’s youth in a Belgian Jewish family who narrowly escaped the Nazis, shows how Rich became involved in the earliest stages of commodities trading, and credits him with inventing the “spot oil market,” which ultimately ended control by the “seven sisters” cartel companies (hence the book’s title). But it’s in regard to Rich’s involvement with foreign countries, especially Israel, that Ammann provides the most significant new disclosures. Is Rich a rogue or a philanthropic businessman? Ammann lets readers draw their own conclusion.

VERDICT This book reads like a cross between a rags-to-riches saga and a cloak-and-dagger thriller, but it’s also an excellent and timely primer on the world of commodities trading within a global economy and will greatly appeal to readers interested in current events. — Richard Drezen, Brooklyn, NY

«Nuanced Portrait»

PWlogo

The King of Oil: The Secret Lives of Marc Rich Daniel Ammann. St. Martin’s. $26.99 (320p) ISBN 978-0-312-57074-3

An empathetic look at the notorious Marc Rich, one of the most successful and controversial commodities traders in recent history and a key figure in the invention of the spot market. With unparalleled access to Rich, his family and associates, business journalist Ammann paints a nuanced portrait of the man vilified for trading with Iran and apartheid-era South Africa, accused of being the biggest tax fraudster in U.S. history and recipient of an infamous presidential pardon. At the pinnacle of his power, Rich presided over a multinational empire, and his opinion on “key people in power” in various “rogue” nations was routinely, if clandestinely, sought by the State Department despite his criminal status. Rich has scrupulously guarded his personal history, but Ammann reveals the struggle it was—from his family’s escape from the Holocaust through their internment in a North African refugee camp to their bitter years as immigrants in the U.S. in the aftermath of WWII. This meticulous account sets the record straight on a reluctant public figure who lost in the court of public opinion, but escaped being tried in a court of law. Photos. (Oct.)

«Legal Isolationism»

U.S. law takes precedence: thanks to this principle and massive financial penalties, the United States has also forced Marc Rich on his knees.

The American oil dealer Marc Rich, living in Zug, got into the crosshairs of the U.S. authorities in the beginning of the eighties. The United States accused him of profiting from untaxed income of 100 million U.S. dollars at his Swiss company, and therefore claimed 48 million U.S. dollars in tax payments.

Rich denied the claim. Then a district court judge in New York asked Marc Rich & Co. AG to submit all business documents concerning the oil deals. There were hundreds of thousands of pages. Rich refused. The judge, therefore, punished him with a fine of 50,000 dollars per day. Read More »

«Rechtlicher Isolationismus»

TagiLogoKlein

Wie die USA den Ölhändler Marc Rich weichklopften
Das US-Recht geht vor: Dank diesem Prinzip und massiven finanziellen Sanktionen zwangen die USA einst auch Marc Rich in die Knie.

Der in Zug ansässige US-amerikanische Ölhändler Marc Rich geriet anfangs der Achtzigerjahre ins Fadenkreuz der US-Behörden. Die USA warfen ihm vor, er habe über seine Schweizer Firma nicht versteuerte Einnahmen von 100 Millionen Dollar aus Ölgeschäften erzielt, und reklamierten deshalb 48 Millionen Dollar an Steuerzahlungen.Read More »