The Rising Influence of Rising Affluence

[DewDiligence]

PBR replaces CEO:

http://www.realclearmarkets.com/news/reuters/finance_business/2012/Jan/22/brazil_s_petrobras_replaces_ceo_gabrielli__report.html

This is presumably another power play by Dilma Rousseff’s administration, as was the case when VALE replaced its CEO last year (#msg-61382413, #msg-61715133).

I continue to stand by the opinion in #msg-51214642 that PBR will end up screwing its minority shareholders at some point.