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Stock impact report

Petrobras Chair Returns to Board Divided by Rivalries [Yahoo! Finance]

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Yahoo! Finance
and those representing minority shareholders of Latin America's largest oil producer. Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding Tesla Asks Investors to Approve Musk's $56 Billion Pay Again China Tells Iran Cooperation Will Last After Attack on Israel Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs What If Fed Rate Hikes Are Actually Sparking US Economic Boom? The rivalry among directors has escalated amid a power struggle between Chief Executive Officer Jean Paul Prates and members of President Luiz Inacio Lula da Silva's cabinet. While the political attacks on the CEO have for now subsided, the unrest on the board continues, with members calling for investigations into one another for allegedly intimidating social media posts and conflicts of interest. Read More: Petrobras CEO to Remain in Charge for Now as Dispute Cools “It's counterproductive,” said Jeronimo Antunes, a former Petrobras director who i Show less Read more
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