Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Petro Rio S.A. HRTPF

"Petro Rio SA is engaged in exploration and production of oil and gas in Brazil and abroad. The Company is currently engaged in the hydrocarbon production in Polvo field."


GREY:HRTPF - Post by User

Post by Deboraon May 19, 2014 4:16pm
275 Views
Post# 22575987

Marcio Mello : From ' messiah ' a ' victim '

Marcio Mello : From ' messiah ' a ' victim 'Everyone who invests in Bolsa know you can win or lose . It's life . Still, the least we expect from entrepreneurs like Eike Batista , OGX and Marcio Mello , HRT , whose Thousands of investors lost almost all the capital invested in the shares of their companies , would be a little act of contrition , a simple mea culpa , a shy ( whatever) " I'm sorry" . Unfortunately , none of this is present in the interview to the Economic Value Marcio Mello today , in which he tries to justify the unjustifiable : voted in favor of a compensation package that " rewarded " key executives of HRT (he included ) in any event of termination of employment - if they were fired , or resign if asked . Throughout the interview , the hefty sum to be paid on departure of executives is called " severance package " , the English term designating " severance package " . But the term that really should have been used was another , in manjadíssimo Wall Street: "golden parachute " or " golden parachutes " , this rather more appropriate to the £ 30 million that HRT spend to send home executives benefit from the remuneration policy ( nearly half went to Mello ) . Mello says the value of the package was created to " provide greater certainty for business that would not be laid off in any change of control "after HRT received an offer subavaliava the company . This " security " is a subversion of meritocracy , a fundamental principle of modern capitalism : if the guy is good , if it is " essential " for that the company fire him ? Job security is for anyone who wants to work in the state , not in companies that boast of being the result of entrepreneurship of its founder . Mello also seems to think that the victim role fits him well ( although it is not clear who is their tormentor ) . When speaking of who received hefty out , says that the impediment to working in the industry for three years ( a contractual term ) " is something terrible " because the career of geologist " is my life . " When speaking of the fact that HRT not discovered oil , complains: " They had to have given me more time ." The HRT case of Mello and attitude serve as a warning to investors who buy shares as if they were tickets lottery , dreaming of the possibility of becoming rich overnight . This mindset prevents the investor think right , making it much more focus on how much you have to gain than what we can lose . When this mindset lies ahead as entrepreneurs - messianic Eike and Marcio Mello , who promote well their companies and their ability to "make money " , joins hunger with the desire to eat , and what gives him. the HRT shares , which have already negotiated the 42 actual , today goes out to 70 cents . The CVM is investigating the matter and will have the final word on the impropriety of golden parachutes . ( There is a investigation into allegations of insider trading going on too. ) The interview Mello Value at least shows some consistency : it maintains the same level of arrogance that showed in the presentations of the IPO , when there was only call "dumb " investors who showed skeptics with respect to the company . At the time , Mello was far from being a victim . By Geraldo Samor (VEJA.COM) https://veja.abril.com.br/blog/mercados/petroleo-gas-e-mineracao/marcio-mello-da-hrt-de-messias-a-vitima/
<< Previous
Bullboard Posts
Next >>