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Market reacts negatively to Petrobras new CEO: too political and too close to Rousseff
Shares in Brazil's oil giant Petrobras plunged Friday as banking executive Aldemir Bendine, who is seen as too close to President Dilma Rousseff's party, was named the scandal-hit firm's new chief executive. Read full article
Comments
Disclaimer & comment rulesThe Army is ours. The Senate is ours.
Feb 07th, 2015 - 12:49 am - Link - Report abuse 0Let's get to fuck.
BRASIL BRASIL BRASIL
Yeah that made no sense
Feb 07th, 2015 - 08:03 am - Link - Report abuse 0Keep your army, no one wants it.
Keep your senate, no one wants it.
But the market is fucking your Petrobas and you can't do anything to stop it.
Hmm maybe your post did make sense.
Same as then.
Feb 07th, 2015 - 09:45 am - Link - Report abuse 0He'll just have to hide most of the corruption whilst throwing an underling of the company to the wolves: that will 'solve' the problem!
Any government-controlled enterprise is run by politics, and for the short-term benefit of those in power, rather than the long-term good of the country. All nationalized industries run on fraud, corruption and waste, as something to be manipulated for political purposes, and a source of funding for the politically well-connected. Petrobras should be sold to private industry, to be run efficiently, and for profit, instead of for the benefit of whatever party is in power. Government control benefits the people in government, not the public, or the country.
Feb 07th, 2015 - 12:25 pm - Link - Report abuse 0Bendine's first day at the job in Petrobras, “so what do we sell?”
Feb 07th, 2015 - 02:37 pm - Link - Report abuse 0They just lurch from stupidity to more stupidity
As PetroBras goes so goes Brazil.
Feb 07th, 2015 - 03:12 pm - Link - Report abuse 0Both are doomed.
Two days ago, before PB CEO had been defined, I posted the following:
Feb 07th, 2015 - 04:28 pm - Link - Report abuse 0“Let's see if the government, i.e., the fat B, can resist naming some political ally
to be the new CEO...whoever she picks - and provided they accept the job - will have to a competent professional from the oil industry, and have absolutely no political affiliation.......it is the only way the company will regain some investor confidence”.
Seems that Dilma (the fat B) has not learned her lesson. She has appointed Aldemir Bendine, ex-CEO of Banco do Brasil (BB), who claims ”he is not affiliated with any political party, but is seen as too close to Rousseff's Workers' Party (PT) and her predecessor and mentor, Lula da Silva“......AND, ”he is a career Banco do Brasil professional, a trusted ally of ex-president Lula da Silva. So his appointment maintains the political connection with the PT”.....
Truly lamentable, a choice to which the market imediately reacted, with a drop of 7% in the value of PB shares. And, as if that were not enough, the media is conveniently supressing the fact that Bendine is being investigated for conceding an irregular loan of USD 1 million to a Val Marchiori, while CEO of the BB. Her company was blacklisted by the bank due to defaulting on previous loans, but this was no impediment for Bendine, who, it appears, is romantically involved with her. The fact that the Bank paid for 2 trips of hers, to Buenos Aires and to Rio, where she stayed in the same hotels as Bendine (Faena and Copacabana, respectively), on the same nights, and that Bendine's driver has testified to fetching Val to meet Bendine for romantic encounters, on quite a few other occasions, is all just “mere coincidece”. Bendine is also being investigated by the IRS due to the purchase of two apartments, paid for in live cash, and which could not be purchased based on his salary alone.
As they say here, “the flies change, but the shit remains the same”..
And you are a biased! Did you want to be in bed with her? You are mixing public and private thing.
Feb 08th, 2015 - 01:51 pm - Link - Report abuse 0https://www.youtube.com/watch?v=esq-GzGjPRY&list=FLmXPTu1f8AdGlizWNiASx2A&index=2
8 brassiere
Feb 08th, 2015 - 03:58 pm - Link - Report abuse 0It seems that u are a 'friend' ofDima and the PT, as well.
His comprising his professional ethics and paying for his mistress with other people's money, shows he is dishonest.
@8 BrASSHOLE
Feb 08th, 2015 - 10:51 pm - Link - Report abuse 0Brasileiro, so you think that I am “mixing public and private thing” ???
Tell me where, in what I mentioned above, I mixed the two things.....PB and BB are both public Federal companies....not private......and don't run away now, tell me !!!
In case you don't know, and appears that you don't, the Banco do Brasil is a public bank, and who was mixing private business with public funds (by f*cking Val Marchiori, and paying her for her services by lending her USD 1 million which, according to the bank's internal rules, he shouldn't have), was your friend Bendine....he was just 'bending' the rules a bit - to get his leg over..
It's amazing how bloody stupid you are....you believe in and support all the filthy PT criminals of this country...maybe you are part of the shit, so you have good reason to.
Could the Brasshole be Bendine posting on here???
Feb 09th, 2015 - 03:02 am - Link - Report abuse 0The fact is his mistress Val now can “sit” in any chair of Petrobras director's board.
Feb 09th, 2015 - 08:38 am - Link - Report abuse 0Right brasshole?
@11, 12
Feb 09th, 2015 - 10:00 pm - Link - Report abuse 0Although Bendine does not belong to the PT, it is just as if he does....that's why the fat bitch appointed him...he has a lot of shit to hide, such as the loan to his whore, Val Marchiori, and the IRS checking his assets, bought with his ill-gained fortune....the fat B can control him...on the other hand, hope it backfires, the fat bitch is giving the opposition more ammunition...hope they know how to use it.
BrASSHOLE....where are you , shithead ??
Could Dilma be impeached over Petrobras ?
Feb 10th, 2015 - 05:54 pm - Link - Report abuse 0An interesting article:
http://blogs.barrons.com/emergingmarketsdaily/2015/02/09/could-brazils-dilma-be-impeached-over-petrobras-scandal/?mod=google_news_blog
@14 BOTINHO
Feb 10th, 2015 - 09:27 pm - Link - Report abuse 0I think she CAN be impeached over PB, but for that to happen - as your link points out - would need proof of “A direct link between Rousseff and dirty money. The STF investigation would have to find clear evidence that kickbacks from the Petrobras scandal funded Rousseff’s presidential campaign—an impeachable offense”.
With regards to this, it might not be all that hard to link the kickbacks to her 2010 presidential campaign...or even the 2014 campaign...as a matter of fact, during the presidential campaign of last October, a few journalists actually asked her what she thought about this possibility... while Rousseff did not actually admit it, she didn't deny it either, but claimed that if it had happened, she had no knowledge of it. And if it can be proved that the PT siphoned off USD 200 million from PB, in all likeliness, that money WAS used to re-elect her.
If she is impeached, Michel Temer would take over...while I don't like him either - as he is a disciple of Sarney's - at least the PMDB has no 'dreams' of a Bolivarian State, which is all Lula thinks about. If the PSDB, in this scenario, has reduced chances of winning the 2018 presidential election, it is not the worst that could happen...better PMDB than the PT .
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