On The Brazilian Economy
Luiz Carlos Trabuco Cappi is the chairman of Bradesco’s board of directors. According to him, the recent recovery numbers seen in Brazil’s economy are due to a cyclical recovery process that is common after a heavy recession. Brazil went through a recession in both 2014 and 2016. Luiz Carlos Trabuco Cappi says the risk is so great that this change is part of a cycle, there really is no reason to celebrate it. He says Brazil needs reform, any measures to sustain the fiscal deficit will be unsustainable. A resulting fluctuation could let to questioning of the country’s solvency capacity. Limiting public spending is important but according to Cappi it is a desire that can only be wished for.
Governor Geraldo Alckmin plans to start a pension reform if he gets elected as PSDB’s new president. He feels that it’s unfair for elite individuals in the public sector to receive pensions up to 15 times higher than private sector employees. He feels that a reform would greatly curb government spending. This is something he would take care of in his first year.
Luiz Carlos Trabuco Cappi replaced Lazaro de Mello Brandao as bank chairman. Brandao is 91 years old and has been one of the oldest performing bank chairmen globally. He has served for over 25 years at Banco Bradesco SA. Brandao began as a 16 year old clerk in 1943 and worked his way up finally becoming one of two chairmen Brandesco ever had as well as one of four CEOs from 1981 to 1999. Luiz Carlos Trabuco Cappi will hold both the chief executive officer position as well as the chairman position until a new CEO is elected. Luiz Carlos Trabuco Cappi is also a person who worked his way up to a high position at Bradesco. From the time he was a clerical officer to who he is today, he has always been focused on serving the public. He can hold these two positions with ease while they take their time in electing a suitable successor for Brando.
For more, you may check https://pt.wikipedia.org/wiki/Luiz_Carlos_Trabuco_Cappi.