Geopolitics

Meet The Dashing Czech Billionaire Leading The Fight Against Klaus And Corruption

Karel Janecek became a billionaire before 40. Now, as President Vaclav Klaus steps down in a cloud after a decade, Janecek is leading the fight for those who want to clean up Czech politics.

Meet The Dashing Czech Billionaire Leading The Fight Against Klaus And Corruption
Martin Plichta

PRAGUE –Through the office windows of his baroque palace, young billionaire Karel Janecek has a perfect view of the Prague castle. But with his shaggy blond mane and sparkling blue gaze, the 39-year-old has his gaze fixed squarely on March 8th, this Friday, when the Social Democrat Milos Zeman will replace outgoing President Vaclav Klaus, who has been ruling the country for the past decade.

Klaus' wide-reaching presidential amnesty of January 1 set free hundreds of people responsible for major financial infractions, and at the same time ruined the outgoing leader's positive image.

The gesture simply revolted Janecek, who instantly denounced it publicly and launched a petition to sue Klaus for high treason, which was signed by 74,000 fellow Czech citizens.

And now, after two months of hard negotiations, the billionaire managed to convince enough senators to take up the issue that led to Monday's largely symbolic vote to send Klaus before the only institution allowed to judge the head of state: the Constitutional Council.

Senator Eliska Wagnerova, of the leading Czech environmentalist party, has backed Janecek’s move. “This trial would be the right opportunity to set the limits of presidential prerogatives,” she says.

Whatever happens, this campaign has afforded Karel Janecek a sudden nationwide prominence, and won widespread public support. The Czech media can't get enough of the telegenic crusader.

He doesn’t look the part of public rabble-rouser or diehard activist, and Janecek hasn’t always been the President's public enemy No. 1.

Since November 1989, and the wake of the “Velvet Revolution,” Klaus has been considered a key architect of the Czech Republic's move to a free-market democracy. “I have even admired Vaclav Klaus’ economic policy when he shifted from a communist economy to market economy,” he admits.

[rebelmouse-image 27086368 alt="""" original_size="640x427" expand=1]

Klaus in November (David Sedlecký)

When the Prague stock exchange was established, Janecek -- then just 21 years old -- launched along with some classmates the algorithm-based trading company RSJ. The high-frequency trading software they developed was so powerful that the company quickly came to be one of the European leaders in derivatives markets in places like London, Chicago and Frankfurt.

Around the same time, Janecek, who "wasn’t following closely the situation of Czech society," says he discovered how corruption was paralyzing the public sector. Along with several other Czech entrepreneurs, he has helped fund an anti-corruption foundation created by former Prague Mayor Pavel Bem. The foundation grants financial support to people who call out new cases of bribery, as well as those who supply evidence for past cases that had been shelved for lack of political will. Seven people have already received 20,000 euros -- $26,085, a two-year average salary -- for “their courage.”

“Condemning the abuse isn’t enough anymore, society needs to get its values straight,” Janecek says. He proposed a new law meant to encourage independent and respected figures to run for Parliament. The motion received a mixed welcome. “It’s a bit naïve to think that the parties will so easily agree to change a system that favors them,” says political scientist Lukas Jelinek.

No shortage of ambition

Before launching his crusade against Vaclav Klaus, Janecek had roamed the country throughout the autumn, trying to convince his fellow countrymen that “it was this toxic political atmosphere that poisoned Czech society.”

Each time, he says he was met with enthusiasm. Thousands of people turned up to listen to his conferences across the 14 regional capitals. More than 20 years after the “Velvet Revolution,” he wants to ignite a new civic fire to get rid of the abuses of authority on both local and national levels.

Called a “vain, self-proclaimed savior” by Klaus in his annual New Year's address, Janecek refuses to join a political party. “I want to stay independent so I’m not defending a program, but values and behaviors that have a far higher reach than political discourses,” he said.

Still, his lofty ideas may eventually be eclipsed by his own ambition: “I won’t say "no" to a presidential race, for an example must be shown from the supreme authority.”

So there is the blueprint to follow his gaze outside his window: five years to carry out his democratic assault on the Prague Castle.

You've reached your monthly limit of free articles.
To read the full article, please subscribe.
Get unlimited access. Support Worldcrunch's unique mission:
  • Exclusive coverage from the world's top sources, in English for the first time.
  • Stories from the best international journalists.
  • Insights from the widest range of perspectives, languages and countries
Already a subscriber? Log in
Keep up with the world. Break out of the bubble.
Sign up to our expressly international daily newsletter!
Ideas

Not All Immigrant Politicians Think Alike — About Immigration

Migrant associations and activists are saying there are not enough politicians of migrant origin in the new German Bundestag. But are such politicians guaranteed to support policies that benefit migrants? There are prominent examples that suggest otherwise.

Danish Minister for Immigration and Integration Mattias Tesfaye

Rainer Haubrich

BERLIN — No sooner than the twentieth German Bundestag had been elected in September, activists were examining how diverse its members were. The result: compared to wider German society, women and people of migrant origin — either those who immigrated themselves or who have at least one parent not born in Germany — are underrepresented. For the third time in a row, the number of members of parliament of migrant origin has risen, but it still stands at only 11%, whereas in Germany as a whole, 25% of people come from a migrant background.

Keep reading... Show less
Keep up with the world. Break out of the bubble.
Sign up to our expressly international daily newsletter!
You've reached your monthly limit of free articles.
To read the full article, please subscribe.
Get unlimited access. Support Worldcrunch's unique mission:
  • Exclusive coverage from the world's top sources, in English for the first time.
  • Stories from the best international journalists.
  • Insights from the widest range of perspectives, languages and countries
Already a subscriber? Log in
THE LATEST
FOCUS
TRENDING TOPICS
MOST READ