Monthly Archives: February 2018

Luiz Carlos Trabuco Cappi To Replace Lazaro de Mello Brandao As Bradesco’s Chairman Very Soon

Bradesco, the second largest bank in Brazil, in terms of its current value in the market, is about to have a new board chairman and a new CEO.

Its current chairman, Lazaro de Mello Brandao is stepping down to give way to the next man in line, Luiz Carlos Trabuco Cappi, the banks current president. Brandao, 91, is considered as one of the oldest bankers in the world. He has been serving the bank for more than seven decades.

Cappi will be taking over Brandao’s place but will not vacate his current position until a man is selected from the inside to assume his position. Apparently, there are seven top executives of the bank who are being considered for Cappi’s post once he vacates it. The name of the successful candidate will be announced right after the bank’s shareholders meeting in early March.

Brandao will not completely severe his connections with Bradesco. Reports say that he will still be put in charge of some of the bank’s holding companies once he leaves his chairmanship post. Meanwhile, Cappi will be occupying two seats while no one is yet appointed to the position that he will vacate this coming March.

Read more on jusbrasil.com.br

Cappi, the incoming Bradesco Chairman, has been serving the bank in various positions for more than 15 years before being promoted as its Marketing Director. In 1992, he was raised to the rank of President. He has been serving Bradesco in that capacity up until he was named as Brando’s successor. His total years of service at Bradesco are now about 44 years. His years of service to the bank as Chairman will likely continue mainly because of the recent amendment to the bank’s ruling regarding the maximum age of its CEO. It has been upped to 67 from the former 65. The oldest age of the current candidates for CEO is only 59.

Brandao, on the other hand, will be leaving the bank, after many years of dutiful and fruitful service. He joined the bank as a lowly clerk in 1943 as a 16 year old. Applying himself to education and training, he was able to gather enough experience and banking skills that he was raised to the top of the ranks. He became the president of the bank in 1981 and served as its CEO until 1999 when he was raised to the chairmanship. His tenure as CEO of Bradesco saw the bank growing to become number two in term of its market value. That’s quite an accomplishment for one of the oldest bankers in the world.

Bradesco is considering seven of its top executives to take over the position of Luiz Carlos Trabuco Cappi as CEO. The list includes the following men:

Mauricio Machado de Minas, 58, currently holding the position of head of Bradesco’s IT department
Domingos Figueiredo Abreu, 58, who is now responsible for Bradesco’s treasury and lending departments.
Alexandre da Silva Gluher, 57, who is currently holding the position of chief risk officer of the bank
Josué Augusto Pancini, 57, who is the present head of Bradesco’s high income segment and branch network
André Rodrigues Cano, 59, who is currently the top man in the bank’s human resources department
Marcelo de Araujo Noronha, 52, who is in charge of Bradesco’s corporate investment unit
Octavio de Lazari, 54, who is the current addition to the top management team in Bradesco, and is now responsible for the the bank’s insurance unit

Bradesco is maintaining its management culture of promoting executives from the inside instead of getting outside talents. This management style was fostered by Brandao and it is very unlikely that the bank will discontinue this practice considering that these candidates are currently holding executive positions in the company.

Search more about Luiz Carlos Trabuco Cappi: https://istoe.com.br/octavio-de-lazari-junior-sera-sucessor-de-luiz-carlos-trabuco-cappi-no-bradesco/

A Solution For Employment Incentives Is A Compromise, Proposes Attorney Jeremy Goldstein.

To create a corporation’s sustainable economic environment, there is need to address several related factors, something that has proven hard to do in the recent past. Jeremy Goldstein is not new in being a firsthand witness of the kind of challenge these situations can lead to. Being a practicing attorney of law in New York, Goldstein has realized that such situations can result to a struggle in which incentives for long-term business investors and employees are likely to lose.

Goldstein has worked with several big corporations such as Verizon, Goldman Sachs, and the Bank of America. This has given him a vast understanding on the use and handling of performance-based pay programs and incentive-based programs, thus offers advice pertaining their use as well as offering insights in debates concerning the use of these programs.

According to Goldstein, Earn per sharing, an incentive-based program, commonly referred to as EPS, are basically positive things, especially on how they handle the employee incentives. They influence the shareholders to sell or buy, as well as provide the companies with an incentive to make an increase in the amount paid out per employee.

According to the results from recent studies, adding EPS to be part of the company’s entire pay structure, has proven to increase to the success of companies. Goldstein says that EPS may seem like a positive system to incorporate in a business strategy at first. However, the existing competitiveness when it comes to shares and trading, can at times allow entities to influence EPS to a disadvantage.

EPS competitors have said that EPS usage in corporations is likely to lead to favoritism to companies’ CEOs. That way the CEOs have the power to skew metric results accuracy so as to drive the sales of shares. This makes the EPS not to provide collective results, which is not only misleading but also illegal. Other opposers say that EPS doesn’t provide sustainable measures to boost the growth of the company’s corporate since they only support short-term success. They are said to be unreliable and dynamic, adding more reason to worry.

Goldstein says that the solution for this problem is for both the recommendations of anti-EPS and pro-EPS proponent to compromise. Rather than discarding the PPP systems which definitely have important roles for a better workplace, a way be derived to hold the companies’ executives and CEOs answerable for their actions. He also proposes that these systems scale up to consider the company’s long-term goals.

Goldstein is a graduate of the school of law in the New York University. He is the owner of Jeremy L. Goldstein and Associates, LLC. Law firm. Previously he has worked with Wachtell, Lipton, Rosen & Katz law firm as a partner.

Goldstein chairs the Mergers & Acquisition Subcommittee. He is also part of the Board of Directors of Fountain House as a board member. Goldstein is a writer and a speaker, especially on corporate governance. Learn more:  https://thebrotalk.com/bro-recommendations/jeremy-goldstein-gives-us-nyc-recommendations/

 

Moving Forward With Technology

Securus Technologies is a technology company that has clients in the law enforcement, public safety, and corrections sector of the market. Securus Technologies has been in business since 1986 and had been creating technology for over 3,400 agencies and 1.2 million inmates across North America.

 

It was recently announced that Securus Technologies would be acquiring GovPayNet in the near future. GovPayNet is a credit and debit card processing company. Their focus is on government agencies. Their software allows card payments to go through for events such as court fines, traffic tickets, parking violations, and bail money.

 

The decision by Securus Technologies to add GovPayNet to its current list of services will allow their company to grow in a positive direction. They will be able to offer their customers a larger amount of services from a company they already trust.

 

Robert Pickens is the CEO of Securus Technologies and he is very excited about the acquisition. He likes that GovPayNet has over 20 years of experience and that they have an excellent reputation already in the law enforcement community. Mr. Pickens has stated that with the addition of GovPayNet, Securus Technologies will be able to process over 40 million credit or debit payments annually.

 

Securus Technologies strives to always be doing the next best thing and to bring the best product they can to their customers. Adding the services of GovPayNet will allow Securus Technologies to serve their customers in more ways and meet more of their needs. The future looks bright for the services that Securus Technologies can provide on a daily basis.