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'Blats,' lats - many more for some execs

Oct 21, 1999
By J. Michael Lyons

RIGA - Once upon a time in Latvia top executives of big state-owned companies enjoyed impossible-to-get gourmet foods, lavish apartments and Italian suits while others searched high and low for a coveted roll of toilet paper.Company executives took care of each other, creating a network of perks that compensated salaries that were meager compared to their Western counterparts. Latvians called it "blats" - as in "If you had blats you had everything" - and it was sort of a glitch in Marx's desig ...

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