Petrobras board members, aligned with the government of Luiz Inacio Lula da Silva, rejected a proposal to pay special dividends that the market anticipated on Thursday. This decision comes amidst discussions on economic policy under Lula's administration, with some critics highlighting his past attempts to appoint figures associated with Brazil's 2015-16 economic downturn to significant positions. Specifically, just 6 weeks ago, there was controversy over Lula's attempt to appoint Guido Mantega, a key figure in the previous economic collapse, as CEO of Vale.
Petrobras board members aligned with the government of Luiz Inacio Lula da Silva shot down a proposal Thursday to pay special dividends the market was expecting https://t.co/nwHf8xiXKj
Petrobras board members aligned with the government of Luiz Inacio Lula da Silva shot down a proposal Thursday to pay special dividends the market was expecting https://t.co/84gLerqvzK
Petrobras board members aligned with the government of Luiz Inacio Lula da Silva shot down a proposal Thursday to pay special dividends the market was expecting https://t.co/YQiV3ZIHdr
#Brazil: Lula made decision on Petrobras dividends and wants investments, sources say #oott https://t.co/1XANJklMm9
I disagree with the notion that the market holds Lula to an “unfair” standard on economic policy. 10 years ago, his party broke the country. Just 6 weeks ago, he was trying to appoint Guido Mantega — one of main architects of the 2015-16 collapse — as CEO of Vale! Yes, the…