Word: lacayo
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...Lacayo's own business ventures suggest a possible conflict of interest, although he has never been accused officially of impropriety. Gracsa, a company of which he is a stockholder and former general manager, is part of a cartel of cooking-oil companies that benefited from foreign donations of cooking oil last year. The government sold the oil to the firms at below market price; they turned around and sold it to consumers for nearly twice what they had paid. While admitting the companies turned a handsome profit, Alfredo Marin, Gracsa's general manager, maintains, "The government has done nothing, nothing...
...Lacayo bought a stake in San Felipe, a failing state-run chicken farm. Since then it has made a remarkable comeback. Marin, who also sits on its board of directors, predicts that San Felipe will be the country's No. 1 chicken producer in three years...
...Lacayo attributes his success in business to financial acumen and patriotism during the Sandinista regime. Says he: "Everyone said that to invest in & Nicaragua meant supporting the Sandinistas. I believed that it would lead to victory against the Sandinistas. So I opted to invest...
...president of the Association of Aviculture: "All private producers fear competition from businesses protected by the government. It doesn't look right that members of the government also have business interests." Guillermo Arostegui, vice president of Gracsa's main competitor, the Numar Group, is in agreement: "It's obvious Lacayo has an advantage. He used to run Gracsa; now he runs the country...
Nicaraguans agree that Chamorro -- guided by Lacayo -- has kept her two central campaign pledges: to end the nine-year conflict between the Sandinista army and the U.S.-backed contras, and to eliminate the military draft. Her administration is also slowly repairing the economic meltdown produced by Sandinista mismanagement, the war and a U.S. embargo on trade that was lifted only last year...