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The price of Henrique Meirelles to JBS

TO IMPROVE THE IMAGE JBS JOESLEY BATISTA AND WHITE CARD GIVEN MONEY MONTAÑA EX PRESIDENT OF THE CENTRAL BANK. WAGE IF WEEK IN PAYMENT

SAO PAULO - "OUR CONVERSATION GOES VERY WELL, I AM EXCITED NOW, IT SEEMS TO BE A WAY TO WORK TOGETHER." GOOD, WHILE A LUNCH AT THE BEGINNING OF THE DECEMBER OF GOIANO BUSINESS JOESLEY BATISTA, PRESIDENT OF THE JBS BOARD OF ADMINISTRATION MAJOR MEAT COMPANY OF THE WORLD, HOUSE PRESIDENT HENRIQUE MEIRELLES DE LA REACH CENTRAL BANK.

The idea had matured for at least four months. The two had met more than once a month during the second half of 2011, the quarantine imposed by Meirelles. Think of a joke, said he would think it.

Batista called next week to strengthen the invitation. Another ten meetings continued until, on March 3, the official announcement came. The oldest president of the order before Christ of the Advisory Committee of J & F, holding that, in addition to controlling JBS six other companies of the group, with a total turnover estimated at 65 billion reais. 

Its function: to professionalize the company through the creation of more independent decision-making mechanisms, as has already been done by other large Brazilian family companies such as Natura and Gerdau."The Meirelles will not only be a consultant. Demand results will develop frameworks and strategies to grow the business," says Batista.

 "It's yours."  It's relatively easy to understand why Batista delegate Meirelles a difficult task like this. JBS has been criticized for having received more than 5 billion reais in BNDES loans, the bank's capital split point became its largest shareholder, with 30.4% of the shares. An investigation into possible favoritism by the BNDES in a bond issuance operation was opened by the Federal Public Ministry of Rio de Janeiro in February last year (JBS denies). At the same time, caused the penem shares of the refrigerator in the stock market, even if the company has quadrupled debt, to about 10 billion reais, and the lack of corporate governance mechanisms since the introduction into communion in March 2007. Since then, 

Ibovespa. "Meirelles gives credibility to the group," a JBS executive said. "In addition to excellent business relationships, he moves very well in government .  " (Meirelles interrupted the interview on March 9 to receive Minister Fernando Bezerra Coelho, national integration at the J & F headquarters of the tall pines, West.) Announcing the arrival of Henrique Meirelles makes JBS shares rise to 4.4% the following Monday. The question remains: why did Meirelles accept the contract?Responsible for reducing half of the inflation during the eight years that led British Columbia and reducing the interest rate to the lowest level in history in 2009, 

In January, they were at their table of 12 more jobs in the private sector, including the presidency in Brazil banks Barclays and Goldman Sachs (the latter even offered a seat on the board of the parent company in New York) and KKR funds And Vinci prepares his debut in the country. Meirelles does not comment on offers.

 "In all these cases, Meirelles would be limited to a small office with a handful of people," says one person accompanying the decision process. "I wanted international recognition, which would add weight to its image.  " Judging by Batista's plans, the challenge is not the lack of J & F.  The idea is that, by 2014, both flora and hygiene And cleanliness, like vigor, dairy products, quintupliquem size. 

Eldorado, which plans to become the world's largest pulp mill, will begin operations later this year. The original bank of $ 2 billion of real assets, has not been proven to wine. And JBS itself has not finished cleaning after the acquisitions of the season - the margins of society, around 6%, have never been so low in recent years.

 "When I took the Central Bank, the biggest challenge of Brazil's economic stability," says Meirelles. "  This is where I can make my biggest contribution.  " In addition to J & F, Meirelles will hold the position on the Blue Airlines map and must go to the board of three other companies in the coming weeks.

 Por supuesto que era no sólo para mejorar la competitividad de una gran empresa brasileña con proyección global que el ex presidente mundial de BankBoston ha aceptado la invitación de Batista. Hay montones y montones de dinero involucradas en la contratación. De acuerdo con los líderes que acompañaron el proceso, el contrato prevé una cuota anual de hasta 40 millones de dólares.Además, existe la posibilidad de unirse al conglomerado Meirelles, una decisión que debe tomar durante todo el año.

 For the former banker's friends, the package was key in his decision: his eight years ahead of British Columbia were precisely those in which the Brazilian financial market has changed threshold. The Ibovespa rose 497% during the Lula administration, and former co-market Meirelles who never won. Between 2002 and 2010, its assets, estimated at $ 100 million, were managed by a US fund and gained some of the more conservative US Treasury bonds. As the real appreciated 108% in the period, dollar investments was a bad deal. By J & M owners, however, so  that the actual appreciated 108% in the period, dollar investments was a bad deal. By J & F owners, however, 

In the first week of work Meirelles shares rose by 1.6% JBS - and Batista's equity increased by about 90 million. Before "yes" to Batista Meirelles is sure that this does not pose any risk. Just over a month, he met with lawyers and consultants to examine JBS's balance sheets. Some of the knowledge has been used to check the history of the San Juan Bautista business (although all of them are Goiás, Meirelles and Joesley were met only in 2008 during negotiations for the opening of the JBS bank).

 It was, in fact, the idea to begin the creation of an advisory board. "Meirelles is extremely jealous of his image," said a friend of the former president of British Columbia. Apart from Meirelles, Batista had already made other executives of the industry to control the holding companies. And nothing indicates that the changes stop there.

 EXAME found, the company continues to investigate the leaders to order the original bank and own JBS. "As they grow too fast, the market has the feeling that our expansion," says Batista. "But we know where we want.

 "So far everything is going perfectly.  But as the Baptist used to send their business and centralize decisions, which will deal with the star you just hire?  Only time - and results -. Will tell  the origin of the Google image  Writing Source http://exame.abril.com.br/revista-exame/o-preco-de-henrique-meirelles/

 1. Internal-Lesa  Meaning of crimes against the informal house for Dictionary (SP) of 05/29/2014

                                        

Any political alliance, traitors, causing losses to the country, ending a democracy, sovereignty and freedom of its people and misuse of public funds by imposing an authoritarian regime motivated left or right, radical or No, the state of the teams and subdue people, cheating, buying, cheating or enslaving the elections to stay in power.