Racing with the Iron Fist

Rudy Giuliani is officially back in the race - this time in the capacity of political consultant for Vitali Klitschko, the retired boxer from Kiev. The heavyweight boxing champion, known as Dr. Iron Fist, is running for mayor of Kiev, and is committed to bringing international business to the city by rooting out corruption. Calling Mr. Giuliani "a huge name," Klitschko, 36, said he hoped to make Kiev a modern city "like Paris, like London, like New York."

After losing out on the presidential nomination, Giuliani has returned to his post as CEO at Giuliani Partners (he had left the firm back in June to launch his campaign) and has taken on Mr. Iron Fist as a client, vowing to come up with strategies to cleanse the Kiev business environment. The contract seems to be a fine balance between Giuliani's political aspirations, his experience fighting corruption as a U.S. attorney and his footprints in the business world.