Sunday, March 19, 2017

Gives to the Stakeholders a "pernacchia"

The Italian government, as the largest shareholder of the oil giant Eni, has just approved the indication of the current CEO for three more years in charge of the main company in Italy. 

This decision, besides not caring about the situation of this executive before Justice for the accusation of "international corruption", legalizes the payment of bribes by their agents and gives to the Stakeholders a "pernacchia", saying to the market that it is preferred the results achieved to the company rather than conducting the business with Ethics and Integrity. Time will tell if the choice of this CEO was right!

It is no wonder that in my country Italy is known as the Brazil of Europe.

Note: Read more about the indication at Formiche.

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