Word: brazile
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...InBev itself was only created in 2004, from the merger of Belgium's Interbrew with Brazil's AmBev. It is headquartered in the Flemish city of Leuven, where the company can trace its brewing roots back to 1366. Though the board includes former Belgian Prime Minister Jean-Luc Dehaene, the firm's power brokers are Brazilian investment bankers who have placed an accounting technique known as zero-based budgeting at the heart of their global strategy. It compels divisions to justify all costs for each year, rather than simply adjusting the baseline spending from the previous year...
...Similar tales emerge from Brazil, where brewery workers have seen their numbers fall from 23,000 in the 1990s to 13,000. And in Canada, where InBev owns Labatt, there were plant closures, layoffs, changes in work rules, years of strikes, and alleged intimidation of union members by outside security forces...
...said ExxonMobil CEO Rex Tillerson. "My company alone is investing at a rate of 60% of OPEC's." But asked what the OPEC was investing to secure future demand, Khelil responded by suggesting his organization was being unfairly targeted. "What are other countries doing? Why don't you ask Brazil? Why don't you ask China? Those aren't OPEC countries," he said. Meanwhile, BP's Hayward blamed high taxes for stymieing necessary investment...
...Since TIME first wrote last week of this "pact," as Sullivan called it, a media firestorm has hit this seaside town on Massachusetts' north shore. News outlets from as far away as Australia and Brazil have been quick to hone in on the more salacious details surrounding these young mothers-to-be. But at a press conference today, Gloucester mayor Carolyn Kirk emerged from a closed-door meeting with city, school and health officials to say that there had been no independent confirmation of any teen-pregnancy pact. She also said that the principal, who was not present...
...includes 11 people focused solely on corporate governance issues, consciously leverages the fund's rights as a major shareholder. Last year, the fund contacted several companies in its portfolio with operations in India's agricultural sector, urging better controls on child labor. Similarly, talks are ongoing with firms in Brazil's mining and steel industries. The fund has also sent to the boards of about 30 firms a document it published with the help of UNICEF and Save the Children, setting out its expectations regarding children's rights...