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OGX | Swimming With the Sharks

santos

Source: Estadão.

SÃO PAULO – The board of directors of OGX, owned by the impresario Eike Batista, has dismissed CEO Luiz Eduardo Carneiro and corporate counsel José Faveret.

Screenshot from 2013-10-16 14:16:27  Screenshot from 2013-10-16 14:17:17

The departures are part of a deal signed with a group of American investors that will have the immediate effect of injecting US$ 200 million into the business.

Screenshot from 2013-10-16 14:16:51

The Angra Partners consultancy, led by Ricardo Knoepfelmacher, will coordinate and advise on the restructuring of the company.

Above, Angra is most noteworthy for its involvement in three significant telecom deals on the long and winding road to the “Brazilian super-telecom” Oi — currently in talks of a tie-up with Portugal Telecom.

Does anyone know who the American white knight might be?

Continue reading

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Studies | The Black Blocs, Who and Why

Screenshot from 2013-10-16 10:48:39

Source: Ricardo Noblat (O Globo)

Stores broken into, agencies and patrol cars set afire, buses full of detainees, the U.S. consulate stoned, Molotov cocktails and bombs thrown at street beggars and barricades afire in the midst of historical buildings: last night, masked demonstrators promoted an atmosphere of all-out war in the downtown area of one of Brazil’s most important cities After infiltrating peaceful demonstrations commemorating Teachers Day, the Black Bloc once again confronted the military police of Rio and São Paulo.

By 11 p.m., 206 persons had been detained — making this one of the events with the highest number of arrests since June. In Rio, the confrontation was so intense that in Cinelândia, fiery barricades were erected across from the National Library, the largest collection of books in Brazil. A hundred meters away, the front steps of the Municipal Theater provided shelter to masked demonstrators, hurling  stones and Molotov cocktails at the PMs, who responded with flash bombs. Across the street, the National Museum, with its collection of classic artworks, became a rallying point for the Black Bloc.

The barbarians are at the gates and threatening to set fire to Os Lusíadas. Continue reading

Truth | Causes of Death

Screenshot from 2013-10-16 10:02:59

Working group spent a year collecting documents and hearing witnesses. Verdict published on Monday.

Source: Estadão.

A Pernambuco court has ruled in favor of correcting the death certificate of student  Odijas Carvalho, killed in  1971 at the age of 26 in the military police hospital of Recife. Instead of the pulmonary embolism cited originally, the cause of death is now “homicide resulting from multiple wounds arising from acts of torture.”

The judgment was published by judge  Andrea Epaminondas Tenório on October 14 in the Official Diary of the state. Within 15 days, the document registry where the previous version resides will issue the updated document.  Continue reading