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petrobras bod - ' independant collegial body' , page-2

  1. LoveCCE
    961 Posts.
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    15/03/10
    22:33
    Post #: 6451966
    anjo,

    I also had similar thoughts re Petrobras being independent.

    Fundamentally, when a corporate body has to get capex approved by their local congress:
    (http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=405x31853)

    I would not use the term "independent" for their directorship.

    ultimately I'm not worried though - I know the partner beat out tough competition (including a confident and determined WPL)
    I will be more concerned over MEO's ability to negotiate terms than choose desciptors

    good find though


    MEO Price at posting: 37.0¢ Sentiment: LT Buy Disclosure: Not Held
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