More «vultures» than ever apparently. Blackrock with 4.49% of the capital of the financial institution and Capital Research and Mangement with 3%. And I can imagine that Botín also sounds familiar, once advised conveniently, and very timely, by those who keep her well informed and sheltered -the same, Borja Prado, Jaime Castellanos or Rodrigo Echenique, his right hand, among others- as soon as the “February 2019 calendar Printable” becomes more than that and becomes a dangerous attack with nocturnality and treachery. A situation that already suffered in his own flesh but in deferred, because he lived again and again his predecessor in office, his own father, Emilio Botín. At that time, Botín made it clear that it would not imply a change of strategy. Well, that’s it! More reason for “other” shareholders of the bank, wayward and critical always with the Clan Botín at the head of Santander (the funds, of course) bet more on Andrea Orcel as new … President? More than certainty, it’s intuition …
February 2019 calendar Printable with Holidays
As well. When everyone assumed that the good José Antonio Álvarez would retire peacefully to make way for Orcel as the new CEO next April, Botín said “no” and backed off. Last Tuesday, January 14, launched a statement to the media and the National Securities Market Commission (CNMV) with the announcement that the signing could not be. It was very expensive, because of the cost that it had to assume (suddenly?): 50 million euros of the deferred remunerations accumulated by the banking executive in his previous position at the Swiss investment bank UBS.
Surprise! How was it possible? Why? With what the search process had cost, “exhaustive” and advised by external professionals, from which emerged several candidates and with all the contractual figures on the table! The unanimously elected council, they said at the time, was, in any case, an old acquaintance of the bank, whom he has regularly advised from operations as far away as the purchase of Britain’s Abbey in 2004. An investment banker profile that , if the majority participation did not exist of the funds in the February 2019 calendar Printable – which if they can not stop pressing in that line of business strategy in the future – was surprising in an entity focused on commercial banking with individuals and companies.