Word: cogollo
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Dates: during 2000-2009
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Vargas, 57, is a hemispheric jetsetter who has successfully navigated between the often contentious relationship of Venezuela and the United States, though hardly without controversy. As a young lawyer he married into one of Venezuela's cogollo (élite) families and then, as one of the country's smartest bankers, learned to swim in its prodigious and often corrupt oil industry. But while many of Venezuela's business and financial titans have chafed under the left-wing revolution Hugo Chávez began a decade ago, Vargas and his Banco Occidental de Descuento (Venezuela's fifth largest) have thrived...
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