Brazilian President Luiz Inacio Lula da Silva is pushing for his ally, former finance minister Guido Mantega, to become the next CEO of Vale, the world's No. 2 iron ore producer, as the term of the current CEO Eduardo Bartolomeo expires in May. Lula's political lobbying comes as he debates stimulus options, including 'para-fiscal' measures, in response to Brazil's slowing economy. There is also speculation that Lula might support a shorter term for Bartolomeo to smooth Mantega's appointment.
Lula is worried about slowing economy and debating stimulus, including "para-fiscal" measures, @folha reports. This is the moment where Dilma got into trouble in early 2010s. Lula is different & so is today's Brazil, but worth watching. Details here: https://t.co/DMig2M36S4
#Brazil: Lula Pushes Ally for Vale CEO as Brazil’s Iron Ore Miner Weighs Succession Brazil’s President Lula wants former minister as Vale’s CEO Term of Vale chief Eduardo Bartolomeo expires in May https://t.co/fin5Gm4NpR
Brazilian President Luiz Inacio Lula da Silva is pushing for his staunch ally Guido Mantega to become the next CEO of Vale, the world’s No. 2 iron ore producer -- > @maridurao @rachelgamarski & @danielcarvalho_ for @business https://t.co/ZJ1hQn07LI via @bpolitics
Brazilian President Lula wants the top job for his ally — and former finance minister — Guido Mantega when CEO Bartolomeo’s term expires in May. Lula might also back Bartolomeo for another shorter stint, if that smooths the way for Mantega to be appointed to Vale’s board,…
This Lula quote from brilliant @traumann piece also shows what makes him different — and more effective — than much of LatAm left https://t.co/aQatqvAWjR
Political lobbying as much as boardroom maneuvering could determine who wins the race to become the next boss of Vale, the world’s No. 2 iron ore producer https://t.co/oMLXAqYGHx