Rousseff further intervenes in Brazil’s leading corporation

Monday, April 25th 2011 - 07:54 UTC

Full article 6 comments

Vale, the world’s largest iron-ore producer, named Brazil’s Deputy Finance Minister Nelson Barbosa, (a close ally of President Dilma Rousseff) as a member of the board after announcing earlier this month the replacement of its chief executive officer. Read full article

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GeoffWard
So, ever so softly pack the Board with Government place-men.

So that money-management in the company is controlled by the Brasilian Government.
So that policy is controlled by the Brasilian Government.
So that investment of the profits of this MULTINATIONAL PRIVATE COMPANY have to be invested in Brasil via the Brasilian Government.

What if the shareholders want to do it differently?
Tough!
“What Lola wants, Lola gets”
What Dilma wants Dilma takes.

Nationalization! You know it makes sense! (SAD, WRY EMOTICON)
Apr 25th, 2011 - 06:49 pm - Link - Report abuse 0
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Think
Economic democracy working at its best!
The Brazilian Government is the mayority shareholder......
The Brazilian Government decides what to do with its property.....
Apr 25th, 2011 - 07:06 pm - Link - Report abuse 0
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GeoffWard
You probably actually *believe* that if banks and pension companies together have a majority shareholding, this makes the whole company Government Property!
What sort of a sheltered world have you grown up in?
Apr 25th, 2011 - 09:43 pm - Link - Report abuse 0
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Forgetit87
@Think

Don't bother to reply.
Apr 26th, 2011 - 12:09 am - Link - Report abuse 0
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Think
(4) Forgetit87

I “Think” ....................I'll follow your advice :-)
Apr 26th, 2011 - 01:40 am - Link - Report abuse 0
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GeoffWard
Your learning, kids.
Apr 26th, 2011 - 10:03 am - Link - Report abuse 0
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