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Do Billionaires Make Good Political Leaders?
ResumePetro Poroshenko is Ukraine's newest president. He's also a billionaire. The country's fifth democratic president made his fortune as the owner of Roshen Confectionery Corporation, which has also given him the nickname the "Chocolate King."
Although he has been a very successful company president, does that transfer into being a satisfactory democratic leader?
Robert Frank, wealth editor for CNBC, recently wrote a piece called "Why billionaires make bad presidents." He joins Here & Now's Jeremy Hobson to explain why.
- Do you think billionaires make good political leaders? Tell us on Facebook or in the comments.
Guest
- Robert Frank, wealth editor at CNBC and author of "Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich." He tweets @robtfrank.
This segment aired on June 23, 2014.