Luiz Carlos Trabuco is one of the most respected business leaders in Brazil. During his career, he helped thousands of people with his work. Luiz Carlos Trabuco took over Bradesco many years ago. At the time, the banking industry had a terrible season. Profits were falling along with interest rates. In an economy where interest rates are falling, banks usually notice a decrease in sales and profits.

 

Luiz Carlos Trabuco also had a significant pension issue at Bradesco. A pension is a monthly income paid by an entity to people who qualify. Many companies have pension issues because people are living longer than ever before. Luiz Carlos Trabuco had to make some financial decisions related to the pension obligations at Bradesco.

 

 

Hard Decisions

 

Trabuco Bradesco decided to make pension reform one of his most important priorities when working at Bradesco. Without significant improvement, the company was going to spend a huge percentage of income just on pension obligations. Luiz Carlos Trabuco decided to offer workers a buyout in exchange for dropping out of the pension. There were hundreds of workers who accepted this deal. Some people chose to get a cash payment, and other people picked a higher salary. Refer to This Article for related information.

 

Although not everyone was happy with the reforms, Luiz Carlos Trabuco was able to help Bradesco reduce expenses and increase profits. He used the additional capital to invest in business ideas for the future.

 

Due to achievement, he made in the bank, the exemplary leader was recognized in 2009 as one of the Most Influential Brazilians in the banking sector. Furthermore, Luiz Carlos Trabuco won the Entrepreneur of the Year 2015 award. And again in 2016, the enigma was recognized by American Forbes as the best Chief Executive Officer

 

 

Future Plans

 

Luiz Carlos Trabuco continue to be in the limelight for financial services and poised to possibly be announced soon as not a just a financial entrepreneur winning yet another money award, but a possible headline and article talking about Trabuco Bradesco being the greatest man in finance for Brazil and ranking highly in the Americas is worth speculating as an eventual fact.

 

Luiz Carlos Trabuco has numerous plans for the future. He is excited about the future of Bradesco, and he recently announced his intentions to retire. Although he enjoyed his time at the company, he wants to concentrate on other areas of his life. He will stay on at Bradesco during the search for a new CEO. Luiz Carlos Trabuco plans to increase his time and money spent on charitable causes in the local area.

 

Read more info on http://www.bloomberg.com/research/stocks/people/person.asp?personId=8097329&privcapId=877263

 

See Also: http://www1.folha.uol.com.br/mercado/2017/10/1926243-proximo-presidente-do-bradesco-saira-da-diretoria-do-banco-diz-trabuco.shtml