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Bank Leader

Luiz Carlos Trabuco And Bradesco: A Story Of Patience, Loyalty And Success

Posted by fitav on

Bradesco, one of the oldest financial institutions in the country, was founded in 1943 by Amador Aguiar. The bank’s first office was located in the small city of Marilia. The bank surprised many by growing from relative obscurity to become the largest private bank in the country in only eight years. It held on to this position of market leadership for 56 years before losing out the newly merge Itau Unibanco bank in 2008. Having completed about 50 acquisitions over the course of its history, the bank has mastered the art of continuously growing.

Today, it is the second largest bank in the country with assets valued at close to $400 billion and slightly over 100 thousand employees. Luiz Carlos Trabuco is the fourth president to head the bank since the death of Aguiar. The other two were Lazaro Brandao and Marcio Cypriano.

Coincidentally, Luiz Carlos Trabuco shares an almost similar background story to that of Bradesco. Like the bank, he also hails from the city of Marilia. He was born there in 1951 – the same year in which the bank became the largest private bank in the country. Additionally, he also rose from relative obscurity to become a standout among his peers. He joined the bank aged 18 with no prior experience in banking or academic qualifications in any related skills – he would later go on to study Sociology at the University of Sao Paulo. However, in less than two decades after joining the firm, he was already one of the youngest department directors at the bank. By age 47, he was already being considered for the top position at the bank, only losing out due to his relatively younger age. Then in 2003, he assumed the presidency at the bank subsidiary, and largest insurance company in the country, Bradesco Seguros. He had six successful years at the subsidiary before being promoted to become the overall president of the bank in 2009.

Luiz Carlos Trabuco’s assumption of top leadership at Bradesco always seemed fated to happen; and since it has happened, it has not been disappointing. Through deals such as the HSBC Brazil acquisition in 2015, he has taken the Bradesco brand to new heights. The multibillion-dollar deal was the largest of 2015 and was lauded by many, not only due to how it improved Bradesco but also how it helped the economy. That year, the Brazilian economy had been caught up in a crisis threatening to take the country into a recession. Owing to its magnitude, the acquisition showed many investors in the country that the economy was still robust and there consequently was no need to withdraw their investments. In 2016, Luiz Carlos Trabuco’s importance to the company saw the board pave the way for him to extend his time at the bank for two more years by amending the retirement age for presidents from 65 to 67.

Perhaps due to his background in sociology, Luiz Carlos Trabuco is a great conversationalist. This is a skill that greatly comes in handy because many are intimidated by his various achievements and seniority in the Brazilian financial sector. He is an intent listener and employs a mixture of wit and humor to disarm those around him and get them to speak freely. His simplicity also extends to the way he dresses and carries himself. While he is certainly a man of means, he prefers to keep his dressing subtle, without any jewelry or exaggerated signs of wealth.

Having had a look through both their journeys, it is safe to say that neither Bradesco nor Luiz Carlos Trabuco would be where they are today without each other.

Legal System

Jeremy Goldstein on Stock Option Compensation Program

Posted by fitav on

There many companies that offer stock options as a way of compensating their workers. Most companies prefer this form as opposed to the traditional ones since it has some extra benefits that it brings to the company. The biggest benefit of using this method is that the company is likely to benefit more as employees will try to apply more efforts in their work so that the stock option value may increase. This means that the more returns a company earns, the more employees will earn. To explain this situation we will look at the work of Jeremy Goldstein, an accomplished associate who works on corporate governance issues as well as compensation programs for corporations.

 

Jeremy Goldstein has over 15 years of experience. For all this time he has been giving advice to corporates, business executives, managers, and CEOs on the best ways of implementing stock options as a compensation program. The stock options program is advantageous in that it instills the discipline in employees to ensure that the company succeeds. The more the company succeeds, the more they will benefit by having a better compensation program. So, it is proper to say that stock options can be a morale booster for employees.

 

However, Jeremy Goldstein contemplates of a situation when this plan might not work as it is supposed to. In case the value of the share drops significantly, the shareholders will be exposed to an overhang. To prevent such problems, Jeremy Goldstein offers a solution whereby, a stock option known as the “knockout” option will be implemented to cushion stakeholders from effects of overhang.

 

Knockout options have the benefit of allowing companies to withdraw the stock options in case the share value of the company falls below a predetermined level. This will reduce the risk of overhanging. This means that the company will be able to maintain a good face with the investors. Investors will not consider their investments as being at risk.

 

Jeremy Goldstein says that the knockout option has a way of keeping the employees on their toes. They must always make sure that the company remains healthy and solvent. With the knockout options, employees may lose their compensation if the share value falls beyond a certain level. This is what will cushion the existing shareholders from suffering any major setbacks.

 

Jeremy Goldstein is an associate from the state of New York and has been a corporate consultant for a very long time. Jeremy Goldstein has also founded his own law firm.

 

Follow Jeremy Goldstein on twitter.

Politics/Campaign Donations

End Citizens United Uncovers Republican Party Ads Published By Russian Companies On Facebook

Posted by fitav on

The current political scenario in the government is incredibly tense owing to the number of corrupt practices that have come to light. People are starting to realize just how much of a bad situation they are in due to the Republican party coming into power. People from all over the country are coming forward in protest of the numerous actions that are taking place in the government, and End Citizens United is one of them.

End Citizens United is a political action committee that works to bring about change in the American society. The country is, in fact, a democracy and therefore people should theoretically be allowed to have a say in the matters of politics. However, it is only the wealthy and famous who get a say in things and not the rest of the population. The organization wants to make it so that the people will at least get a say in the things that govern them, and have a platform to voice their opinions on the policies and laws that are being passed in the government.

One of the most recent corruption schemes going on in the government was owing to the ads that were being published on Facebook for the Republican party. When the presidential campaign was going on, Facebook started showcasing ads that were being paid for by a Russian company. This enticed viewers to vote for the party and proved to be extremely useful in convincing the population, as evidenced by the results of the elections. In a way, these ads impacted the results of the vote, which has helped decide the future of the country. To prevent things like this from happening, the government had ruled that no foreign companies would be allowed to invest in any way into a political party and the campaigns that they conduct. However, the company that was involved with this did not do so directly, and operated through the loopholes in the law, making it perfectly legal. However, this did not play out well, and now has shed more evidence to the fact that the organization might have political ties to the Russian government in some way or the other.

ECU knows that if this continues, the country is being led in an unfavorable position, leading to their inevitable downfall. This is not one of the routes that the country should ideally take, which is why the organization is working to remedy the situation. The organization believes that the Democratic Party is the better choice for leading the country and therefore should be the ones in power as opposed to their Republican counterparts. The organization is working to help overthrow the corrupt and unqualified members of the political system so that only those who are well experienced and know what to do will be in power.

Visit endcitizensunited.org for more information about the group.

Inmate Communication App

How is Securus Technologies Making Prisons Safer?

Posted by fitav on

Those who have never stepped foot inside a prison could never imagine what types of dangerous conditions really exist. The jails today are overcrowded, their is wide-spread drug use, and gangs have completely taken over the way violence is handed out. My job as a corrections officer is not to just ensure the safety of the inmates, but to ensure the entire prison staff is out of harm’s way.

 

Each day my team of officers are using a variety of resources to maintain order in our facility. The first is scanning devices in the jail visitor center that can detect if a guest or inmate is in possession of anything they should not be carrying inside our facility. We will even use drug-sniffing dogs to search cells throughout the day and uncover the things the inmates want to keep out of our reach.

 

Up until recently, we used to use an outdated call monitoring system to listen to the inmates talking on the phone. With the help of Securus Technologies, we have made the leap into the future and now allow the LBS software to scan hundreds of calls and isolate conversations that need attention.

 

The Securus Technologies company has been producing state-of-the-art monitoring systems for years, and the entire staff and CEO of the company are dedicated to making this world a little safer. The new telephone monitoring system is already installed in thousands of jails, and now we have the opportunity to make our facility that much safer.

 

If inmates are requesting family sneak items into the visitor center, we can remove those guests from the facility before the interaction takes place. If inmates are talking about drug use or hurting one another, we have the ability to get into position and stop the treat before someone gets hurt.