Zdenek Bakala fled communist Czechoslovakia with only $50 and is now a coal magnate

YouTube/Tuck

In 1980, when he was 19 years old, Bakala fled communist Czechoslovakia with a $50 dollar bill wrapped in plastic wrap hidden in a sandwich. He made it to Lake Tahoe, where he washed dishes at a Harrah’s casino.

He eventually got an undergraduate degree from UC Berkeley and an MBA from Dartmouth. He went into banking, and eventually back to his home company, opening Credit Suisse First Boston’s first officer in Prague after the Wall fell. presides over a coal company with a $2.52 billion market cap and eight production sites across Central Europe, which broke ground on the first privately owned coal mine in Central Europe since 1992.

Source: The Wall Street Journal

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s