12 June, 2013

Ayatollah Khamenei Is Iran’s Supreme Investor - Bloomberg

Ayatollah Khamenei Is Iran’s Supreme Investor - Bloomberg: Khamenei’s shareholders consist mainly of the Islamic Revolutionary Guard Corps and the Principalists, a broad coalition of conservative politicians. Where Buffett is judged by the companies and stocks in which he invests, Khamenei is judged by the politicians he picks or supports for positions of authority, and how those people further the economic and political interests of the supreme leader’s supporters. And the most important pick Khamenei has to make this year is Iran’s next president.

Khamenei’s last presidential investment, Mahmoud Ahmadinejad, didn’t work out so well. Instead of uniting Iran’s conservative elite, Ahmadinejad’s antics and leadership style created infighting and division. He ravaged the regime’s standing abroad with inflammatory speeches, such as his denial of the Holocaust. At home, his populist economic policies caused extensive damage, which today can be witnessed in Iran’s high level of inflation -- which the nation’s official statistics agency put at 30 percent in May -- and 12 percent unemployment, according to International Monetary Fund data.