Chairman of the Bank

Luiz Carlos Trabuco Looks To Continue Leadership As Chairman Of Bradesco

A spokesperson for the Brazilian banking giant Bradesco has recently confirmed that major changes are coming to bank’s the executive suite. First, Lazaro Brandao, the elder statesman of Brazilian finance, will step down for the last time.

At 91 years old, Brandao is among the most senior actively serving chair people anywhere in the world. He will be replaced by current CEO and lifelong employee of Bradesco, Luiz Carlos Trabuco.

While it’s easy to understand why Brandao, who has enjoyed a career spanning nearly 75 years with the firm, may finally want to call it quits. In fact, the nonagenarian has stated that his main reason for retiring is to spend more time with his family. But even this has not been enough to quell the nerves of some of the bank’s shareholders. Many see Bradesco as being inseparable from Brandao’s leadership. For a non-founder of a company, Brandao may enjoy more widespread respect and admiration than any other executive in business today. For those involved with Bradesco, Lazaro Brandao has reached the same stature as people such as Sam Walton or Warren Buffett respectively have with the stakeholders of their firms.

But there is another issue relating to the moves. Luiz Carlos Trabuco will now be responsible for appointing his own replacement. He will have until March of 2018 to do so, having said that he is in no rush and will take however long is required to carefully select what could end up being the person who will fill the position for years or decades.

Read more on folha.uol.com.br

One of the longest careers in banking comes to a close

It seems incredible that any current employee of a bank could still be working there now, even as their first few years as an employee took place when Hitler still ruled Germany. But such is the case of Lazaro Brandao. Coming to work for the bank while World War II was still raging across Europe and the Pacific, in 1943, the 16 year old Brandao was hired on as a bank teller. It was his first job.

Over the next few decades, the ambitious young man proved himself to his superiors and became a highly knowledgeable banker and an able leader. By 1981, he was being noticed by the firm’s top brass. It was that year that he was appointed as CEO according to g1.globo.com. In 1990, he was again given a top role at the bank when he was slated to head up the board of directors. He held both the positions of CEO and chairman of the board from 1990 to 1999, the only time in the bank’s history that one man has held onto both positions simultaneously on more than a temporary basis. He has been the acting chairman since 1990, a tenure lasting 27 years.

It’s not even these impressive credentials that have endeared Brandao to his firm’s stakeholders with such affinity. Brandao oversaw, between 1990 and 2009, one of the most spectacular expansions of a bank in the history of the country. During that period, the bank’s stock price increased by a factor of approximately 300 times. Brandao was largely credited for the vision of early technological adoption and aggressive expansion, in conjunction with his strong leadership, which led to the massive expansion of the bank, both in terms of valuation and raw size.

For this reason, even as the veteran financier approaches his 92nd birthday, many shareholders are nervous about his departure. But Brandao has repeatedly assured everyone involved that Luiz Carlos Trabuco is the best man to replace him as the chairman. He has said that there is no one else in the world he would even consider as his replacement.

Visit terra.com.br for more information about Luiz Carlos Trabuco.

Business

How Michael Lacey & Jim Larkin Fontera Fund Has Promoted Equality

In a world where discrimination and racial segregation has taken center stage, it is of the essence to have an arm or a group of people who fight for the rights of others.

This has brought to light the importance of civil societies and non-governmental organizations. Below is a list of some of the organizations that have been known to fight for the rights of the less privileged.

1: American Civil Liberties Union

The American Civil Liberties Union is a non-partisan and not-for-profit organization that specifically deals with enforcing immigrants civil rights and liberties. Apart from this, the organization also aims at fighting private and public discrimination subjected towards the immigrants.

For more than two decades, The American Civil Liberties Union has been on the forefront in protecting the rights and the freedoms of immigrants by using public outreach, promotions, and impact proceedings.

Since its inception, the union has been involved in legal battles on behalf of the discriminated immigrants. Apart from this, it has also put more focus on challenging the set laws that restrict or prevent immigrants from accessing various services.

2: The Advocates for Human Rights

The Advocates for Human Rights is another organization that has been on the forefront in promoting and advocating for the rights of each and every individual. As an independent, non-profit, and non-partisan organization, the Advocates for Human Rights specifically fights for the rights of children and women across the globe; a position it has held for more than three decades.

As a way of promoting equality and encouraging discriminated people to come out and air their grievances, the organization offers free legal services to poor individuals who cannot afford the services of a lawyer to represent them. Additionally, the organization educates the public about their rights and offers free training services on how to prevent human rights abuse.

3: Lawyers Committee for Civil Rights Under Law

The Lawyers Committee for Civil Rights Under Law was established with the sole purpose being to address racial discrimination in the USA. The committee was formed under the administration of the then president of the United States John F. Kennedy.

With more than five decades of advocating for racial inclusion in the society, the committee has helped a wide array of racially discriminated people to seek legal redress in instances of discrimination. Read more: Michael Lacey | Twitter and Jim Larkin | Angel.co

The committee has been on the forefront when it comes to promoting fairness across all genres by ensuring that ethnic minorities are not subjected to any form racial discrimination in their day to day lives.

4: Lacey and Larkin Frontera Fund

Journalists have always been exposed to a wide range of problems especially when it comes to covering or reporting sensitive issues. This was the case when Michael Lacey and Jim Larkin confidently exposed and acknowledged the existence of a grand jury proceeding that had co-worked with a local sheriff.

Due to their exposure, the two journalists were arrested and detained illegally. Upon their release, they sued the sheriff for unlawful detention and eventually won the case. They were awarded $3.75 million, an amount they used to set up the Frontera Fund.

The role of the fund is to protect individuals, offer them support, and educate them on their rights. Apart from this, the fund also supports individuals who may be experiencing a violation of their civil and human rights.

Learn more about Jim Larkin and Michael Lacey:

Michael Lacey

Businessman, Sheldon Lavin

Sheldon Lavin’s Outstanding and Exceptional Leadership Skills

Sheldon Lavin is a well-known name in the meat processing industry. Sheldon is highly respected for his remarkable reputation which he continuously gains for leading OSI Group to massive success. Mr. Lavin currently holds the Chief Executive Officer position at OSI Group. OSI Group is a company involved with food and meat processing on a global scale. Under Sheldon Lavin’s leadership, the company has expanded beyond, having branches in several continents. OSI Group constitutes two major companies that are OSI Industries and OSI International Foods.

Initially, the name of the current huge company was Otto &Sons started by Otto Kolschowsky. It began as a small meat shop that expanded to different areas to be referred to as Otto & Sons in 1928. Otto& Sons gained an impressive reputation for providing high-quality meats in the local area. Some decades after, McDonald’s chose Otto & Sons to supply them with fresh beef for their hamburgers. The business grew and opened a new branch which was dedicated to serving McDonald’s. In 1970, Sheldon came into the picture as the company’s financial consultant.

Otto & Sons was doing okay after the deal they made with McDonald’s, but they had insufficient capital to keep up with the supplying. Sheldon rejected the offer made by the bank of owning Otto & Sons. He concluded that it was best to become the firm’s financial consultant than a business partner. In 1975, Otto Kolschowsky decided to retire, and he left Sheldon as one of the co-partners of the business. Otto’s two sons were the other co-partners of Otto & Sons. After awhile Otto & Sons became the current OSI Group. The organization has since then grown continuously to great extents. It expanded to Europe, Philippines, India, North America, South Africa and much more. Mr. Lavin has managed to lead the organization to massive sales and hence profits.

Sheldon’s education is also an added advantage because he has a Degree in Finance and Accounting. Mr. Lavin has adequate information in the finance and accounting department to lead the company perfectly. Sheldon Lavin has the experience of more than five decades in the meat industry and the expertise that sets him apart. OSI Group has also won different awards together with its leader Sheldon. Mr. Lavin has led OSI Group to numerous accomplishments and expansion. OSI is known best for different acquisitions of other meat processing companies. The acquisition broadens their range of products to serve their clients best.