(Bloomberg) Petroleo Brasileiro Chief Executive Officer Jean Paul Prates is seeking a meeting with Luiz Inacio Lula da Silva to see if the president supports him in the role amid speculation about his departure that caused shares to swing wildly earlier Thursday. Most Read from BloombergTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionS&P 500 Falls 1% as Oil Jump Spurs Flight to Bonds: Markets WrapApple Explores Home Robotics as Potential ‘Next Big Thing’ After Car FizzlesKim J
Analysis-In Petrobras Dividend Spat, CEO Navigates Lula's Divided Cabinet usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
The fallout from a
missing Petrobras dividend may have shifted the
balance in a tug-of-war between the CEO of the state-run firm
and the energy minister holding sway over its board. .
The fallout from a missing Petrobras dividend may have shifted the balance in a tug-of-war between the CEO of the state-run firm and the energy minister holding sway over its board. Chief Executive Jean Paul Prates saw his proposal for an extraordinary dividend, widely expected by shareholders, go down in flames last Thursday, blocked by government-appointed board members. The next day Petrobras shares plunged more than 10%.
Petrobras CEO Prates in Hot Seat as Lula Pushes Growth Over Payouts bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.