 During his time as chairman Tsvetkov became known for his application of New Age philosophy to company management, which included requiring all employees to read books by a self-help guru and holding spiritual seminars to determine promotions.An 82% stake in Uralsib was sold to Vladimir Kogan in November 2015 to avoid bankruptcy.As part of a rescue plan, Russia's Deposit Insurance Agency also agreed to a $224 million rescue package for the bank.