Bradesco is one of the largest banks in Brazil today. Over the past few years, the nation of Brazil has grown rapidly for various reasons. Not only is the economy starting to improve, but many people are moving to the area from all over the world.http://bradesco.infoinvest.com.br/relatorios-cvm/ptb/000906/20001231/5/31.12.200.pdf
For many banks, this means that more people will be borrowing money in order to invest in the future. Luiz Carlos Trabuco Cappi was the CEO of Bradesco during this growth phase. He made a lot of decisions that people did not agree with. Although the company was growing, the board of directors felt like they should go in a different direction.
Early Life and Career
Luiz Carlos Trabuco Cappi has decades of experience in the banking industry. When he was young, he wanted to start his own business. However, he found it was difficult to have success in business without a large amount of capital in the beginning. He decided to start looking for other ways to have financial success.
While he was in college, he worked for a bank in order to make extra money. He quickly decided that he enjoyed the banking industry for a variety of reasons. Not only did he get to interact with people, but he was also able to use his strong financial acumen. There are many people who enjoyed working with Luiz Carlos Trabuco Cappi while he was at Bradesco. He moved up quickly through the company, and he was eventually able to become CEO.
Financial Condition of the Company
One of the biggest reasons that Luiz Carlos Trabuco Cappi decided to resign was the financial condition of the company. Over the years, the company allowed various people to borrow money who could not pay it back.
In the last financial crash, Bradesco was barely able to survive financially. Luiz Carlos Trabuco Cappi was responsible for a lot of the financial losses that the company took on. However, he was able to save the company and he had it on the right track for the future.
Years after the financial crash, the company was still having trouble getting to the next level. This is why many leaders throughout the company decided it was time to make a change. Although Luiz Carlos Trabuco Cappi did not agree with the decision, he decided to resign so the next person could come in and get started.
Future of the Company
The good news for Bradesco is that the overall economic situation in Brazil is ideal for banks. Millions of people in Brazil are trying to get financing in order to purchase homes and start companies. In the years ahead, many people expect that economic growth is going to continue at a high level.
If Bradesco can solve various internal issues that the company has, the company will be in a great position to gain market share in the years ahead. Luiz Carlos Trabuco Cappi did a lot of great things for the company, but his mistakes ended up costing him his job at Bradesco.