Luiz Carlos Trabuco’s Bumpy Ride As CEO Was Largely A Product Of Circumstance

Prior to his phenomenal coup de grace, the acquisition of HSBC Brazil, against arch rival Itau Unibanco, long-time Bradesco CEO Luiz Carlos Trabuco had fallen out of favor with both shareholders and the business press, as the firm lost ground to its competitors and the stock price slid to just 20 percent of its all time highs. But the poor performance of the early period in Trabuco’s rein was largely not of his making.

The CEO had inherited a bank that had maxed out its potential under its current structure. There was also the larger macroeconomic picture that he was forced to contend with. Brazil was in the grips of one of the worst recessions in its history, a fact that did nothing to help a major player in the banking sector.

A troublesome inheritance

Taking the reins from his predecessor, Mario Cypriano, in 2009, Luiz Carlos Trabuco seemed to ascend to the highest office at Grupo Bradesco just at the right time. The veteran banker took over at a time when the company’s stock was breaking record highs almost daily. Under Cypriano alone, the company had increased its market capitalization by more than 100 fold, an incredible feat that took less than ten years.

But as many analysts now freely acknowledge, everything was not as good as it seemed. As Trabuco took over, Brazil was just beginning to feel the terrible effects of the 2008 Brazilian economic downturn. The international ripples of the 2008 financial crises would ultimately be felt in Brazil more forcefully than just about any other country on Earth. In fact, by 2017, Brazil has still not completely recovered from the economic woes that started with the collapse of the U.S. housing market. This broad downturn in the economy was particularly bad for the banking sector, which has been traditionally quite sensitive to disruptions in the larger economy.

Read more on Next Bradesco president to leave the bank’s board of directors, Says Trabuco

In addition to the macroeconomic problems that Trabuco was facing when he took office, shortly after he became CEO, arch rival banks Banco Itau and Unibanco merged. This instantly knocked Bradesco, which had been the number-one bank in Brazil under a number of measures, bank to a distant second place. While this would be bad news for any leading company in any industry, in a commodity industry like banking, it becomes highly problematic, especially where there is weak regulation and anti-monopoly controls.

Itau Unibanco, the newly formed merged entity, immediately began using its economies of scale and its market position to undercut Bradesco. The rival bank was able to start making serious incursions into Bradesco’s market strongholds, sending the stock price steadily lower. By the end of 2014, Bradesco’s stock had lost nearly 80 percent of its value. Investors were growing impatient with Trabuco and his overall strategic vision. There were rumors that his ouster was in the making.

But then, in 2015, Trabuco as president pulled off one of the biggest coups in the history of Brazilian finance. When HSBC, the second largest global banking conglomerate, began putting word out that it was seeking to dump all of its Brazilian assets, Trabuco moved quickly and certainly. How Trabuco pulled the deal off is anyone’s guess. But many insiders say that Trabuco pulled no punches in getting it done.

As observers watched stunned from the sidelines, Trabuco was able to raise the capital for the $5.2 billion deal, pulling off the largest acquisition in Brazilian history, right under the nose of Itau Unibanco. The latter was never even in serious contention to make a bid for HSBC Brazil’s assets.

Most believe that Trabuco alone was the only one who could have gotten such a deal done.

Learn more about Luiz Carlos Trabuco: https://g1.globo.com/economia/negocios/noticia/sucessao-no-conselho-do-bradesco-foi-um-ato-planejado-diz-trabuco.ghtml

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Banco Bradesco’s CEO Luiz Carlos Trabuco Gives Social And Educational Programs Priority

Banco Bradesco is a big bank in Brazil. In the first quarter of 2017, Bradesco had a record-breaking net profit of R$9.3 billion. The shareholders are happy, and foreign investors are coming back to take advantage of the opportunities that exist in Brazil. Brazil is a BRICS nation, and the country has one of the world’s richest deposits of natural resources. But a devastating recession was not kind in the largest country in Latin America over the last four years. Unemployment, inflation, political corruption, and high-interest rates hurt Brazilians and many of them live well below the poverty line. But Bradesco and the other banks managed to make money during the recession years. The insurance policies, government bonds, and bank investments gave most banks a healthy bottom line in spite of the economic conditions.

The Board of Directors of Banco Bradesco give their CEO Luiz Carlos Trabuco high marks for his contributions to the bank. Luiz is a 40-year veteran of the Brazilian banking industry. His banking career began in a small Brazilian town, so he is familiar with the trials and tribulations that his clients face every day. The 57-year-old Luiz Carlos Trabuco knows what it takes to make the bank money, and he also knows what his clients want from Bradesco. They want convenient banking hours, lots of ATM locations, and better interest rates. So Trabuco gives his customers what they want. Bradesco has 3,900 service points across the country, and there are more than 900 ATMs in bank branches, plus interest rates are coming down. The bank employs more than 100,000 people, and all of those people receive customer service training, thanks to the employee programs the bank has in place.

CEO Luiz Carlos Trabuco has a lot to smile about these days. But Trabuco is always smiling during his long work days. Bradesco is the second largest private bank in the country. But the recent addition of an HSBC subsidiary puts the bank in striking distance of Banco Itaú for the number one position. Trabuco has a grassroots approach to banking, and that approach is paying off. Luiz supports the social and environmental programs the bank offers the people of Brazil. Trabuco believes in giving back to the communities, so Bradesco bank branches support the local economies through various bank initiatives. And Trabuco also supports several national programs like the Carbon Disclosure Program, the Brazilian Green House Emissions Program, Companies for Climate Change, and Global Compact. For the last six decades, Bradesco has given students a chance to do better and feel better about the future through the bank’s educational program.

Bradesco is large enough and has enough assets, to coast through the banking world, but that’s not Trabuco’s style. Luiz knows how to get things done without creating a lot of turmoil in the process. His degree in philosophy from the University of São Paulo, and the fact that Luiz has the knowledge and the experience to make the right decisions gives him a solid grasp of the issues facing his bank and the banking industry. Trabuco knows how to manage people. When he was vice-president of Bradesco Seguros, the insurance arm of the bank, Trabuco was able to turn that division into a major profit center for the bank. The 2017 first quarter results prove Trabuco is doing the same thing on a larger scale as the CEO of all bank divisions.

There’s more to say and more to learn about Luiz Carlos Trabuco’s management abilities. Luiz is the type of person that focuses on the positive, and he faces challenges with confidence and resolve.

Find more about Luiz Carlos Trabuco: http://fotos.estadao.com.br/galerias/cultura,luiz-carlos-trabuco-cappi-e-lucilia-diniz-ofereceram-jantar-em-torno-do-prefeito-joao-doria-e-sua-mulher-bia-nos-jardins,30901

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Mike Baur’s Career in Business

Entrepreneur Mike Baur has had a very successful career in business over the years. When he first got started in business, he worked in the banking industry where he would help give out loans to entrepreneurs and various companies in the nation. After working in the banking sector for over two decades, Baur would then move on to investing. He would begin to invest capital in a number of startup companies and profit from them on a regular basis. Mike would eventually end his stint investing in startup companies and start up his own business. His company is called Swiss Startup Factory which he co founded three years ago. The company helps businesses by providing them with mentorship in a variety of different areas of businesses. With his company, Mike has been able to help a number of entrepreneurs make their businesses more successful.

 

Swiss Startup Factory is one of the more unique and innovative companies in Switzerland. The company provides coaching to many businesses that are in need of assistance. With the help from Swiss Startup Factory, businesses will be able to get advice on a number of things such as how to market more effectively, manage the business more efficiently, develop better products and services and also how to manage finances and secure funding. By helping businesses in these areas, Swiss Startup Factory has been able to make a very positive impact on the overall economy.

 

Before Mike decided to start his own company, he worked in the banking industry for two decades. During this time, Mike would meet with a number of businesses and help them secure funding. Since these companies were in need of capital, Mike would assist them by looking at their business plans and financial projections. He would then issue loans so that these businesses would be in position to start up or expand. Mike’s assistance would also include management of a company’s accounts and also giving them advice on how to better manage their finances. Being in the banking industry helped Mike get an early perspective on how successful companies work and what they need in order to be successful.

 

Baur would move on to invest in startup companies after twenty years in banking. This opportunity allowed Mike to get even more first hand knowledge of how new emerging companies work. He would invest his own capital into a number of startup companies which resulted in high returns. With this venture, Mike was able to get even more experience dealing with these types of companies and realizing just how lucrative they can be.

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George Soros Positive Summary

George Soros is an example of opportunity in the United States. He was born in Hungary but eventually fled to London and later the United States. Since coming to the United States, Soros has made a name for himself as a successful hedge fund manager. Over his lifetime he has amassed billions of dollars, but he is not content to simply rest on his success. Soros has a rich and detailed history of both philanthropy and political involvement, demonstrating a passion for investing in society. For Soros, the United States was a society that gave him opportunity and he believes in paying back to that society.

Learn more on snopes.com about George.

Soros is the founder of the nonprofit organization known as the Open Society Foundations. Working with the nonprofit operates across the globe and works to help people of diverse backgrounds and needs. Soros’ work with the nonprofit reflects a commitment to humanitarian values that sets Soros apart from his peers. Soros’ involvement in social causes does not end with philanthropy. He is a significant donor to various liberal political candidates, including Barack Obama and Hillary Clinton. Soros’ donations to political causes show his desire to help maintain a country that can provide success to others like him. He has a steadfast dedication to progressive causes.

That dedication is most recently reflected in George Soros’ commitment of $500 million in aid to refugees and migrants. Writing for Forbes, Keren Blankfeld explains Soros’ motivation. As a refugee himself, Soros believes in working to aid the large amount of refugees fleeing places like Syria for better lives in Europe and the United States. The $500 million he has promised will go through the Open Society Foundations, but Soros is using them as investments instead of grants. In her article, Blankfeld cites Soros’ desire to “show how private capital can play a constructive role helping migrants.” This is in line with Soros’ progressive values and demonstrates a commitment to the ideals of free society while also helping those that are most vulnerable.

Read more on BigThink about George Soros.

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A Look At Don Ressler And Some Of His Ventures

Who Is Don Ressler?

Don Ressler is an entrepreneur, business executive and investor. He is most famous for his role in internet based startups and e-commerce at https://www.facebook.com/public/Don-Ressler. Fitness Heaven.com was Don Ressler’s first online business. It was later acquired by Intermix Media.

After this acquisition, Don Ressler would team up with future business partner and the former chief operating officer at Intermix Media, Adam Goldenberg to create their own company called Alena Media. At Alena Media both Ressler and Goldenberg worked to create an e-commerce and performing advertising division that was profitable to the tune of hundreds of millions of dollars.

Intermix, would eventually be acquired by the media conglomerate company known as News Corp in 2005. The new owners ignored the highly successful online marketing and sales platform on techstyle.com developed by Don Ressler and his partner Adam Goldenberg. They left Intermix shortly after News Corp took over.

Read more: New Sizes for JustFab

After leaving Intermix, Don Ressler would team up again with Adam Goldenberg. They also managed to convince some former Alena Media colleagues to work with them to help them launch their own business. The fruit of their labor would be a firm first known as Brand Ideas, but later renamed and called Intelligent Beauty. This company was a direct to consumer selling business.

The first business launched by Intilligent Beauty was known as DermStore. It was an online skin care, beauty hair care and cosmetics retailer on Brandettes. Today DermStore has the second largest sales volume for online based skin and beauty products. Intelligent Beauty contines to hold a stake in the online store, along with the Target Corporation.

Another venture that Don Ressler helped to create is the online subscription based clothing retailer called JustFab. Ressler helped create it in 2010 and has worked with actress Kate Hudson to market and expand the brand.

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