And street protests this summer reflected Brazilians' resentment that the government had channeled resources to projects controlled by tycoons like Mr. Batista.
Analysts say the Bakries would face competition from other tycoons in the resources sector, if Freeport took this route.
While protesters have not focused much ire on Brazil's economic elite, there has been a building resentment toward the fact that governing structures subject to corruption in Brazil remained largely the same throughout the long economic boom, as authorities channeled huge resources of the state to projects controlled by tycoons.
The real business was being done by politically connected tycoons intent on exploiting Cambodia's natural resources.Everything, he says, is part of the "mirage", a word that crops up repeatedly.
By contrast most countries in South-East Asia, including Indonesia, Thailand and the Philippines, saw their scores get worse between 2007 and 2014, as tycoons active in real estate and natural resources got richer.Who are you calling a crony?Our crony index has three big shortcomings.
This access to Moscow's resources makes Mr Luzhkov perhaps the least beholden of any prospective candidate to the "oligarchy" of tycoons who paid for Mr Yeltsin's re-election in 1996, and who may well back Mr Chernomyrdin next time.There are, of course, always the voters to think about.
These feuding tycoons have clashed over customers, board seats, family fortunes and sports trophies, throwing their outsized egos, endless resources and top-notch lawyers into the ring.
Call it the tycoons' discount.
Several tycoons have faced investigation.
NEW DELHI — Tycoons with friends in high places.
