May 11, 2024
La versión del capitalismo de amiguetes de Carlos Torres
Las razones de la OPA hostil del BBVA sobre el Banco de Sabadell se reducen a subir el valor de la acción en beneficio de los grandes fondos y así conseguir unas retribuciones multimillonarias para Carlos Torres y su equipo. El motor de la vida...
Las razones de la OPA hostil del BBVA sobre el Banco de Sabadell se reducen a subir el valor de la acción en beneficio de los grandes fondos y así conseguir unas retribuciones multimillonarias para Carlos Torres y su equipo. El motor de la vida profesional de los directivos de las grandes empresas, que son los auténticos propietarios, se mueve en el terreno de la codicia y el poder. Es un proyecto de crecimiento frío y aséptico donde no hay cabida para los sentimientos. El Dios que adoran se llama «bonus». La operación desatada por Torres no tiene otro objetivo que el bendito tamaño, que es lo que complace a los fondos de inversión que son la expresión de una frialdad todavía más impresionante. Son fenómenos que siempre me han interesado. Torres es uno de los ejecutivos más brillantes y mejor formados de nuestro país. Su trayectoria académica en el MIT, con dos licenciaturas y un MBA en Sloan School of Management, le cualifica para presidir cualquier empresa. No solo en España, sino en el mundo. Es tan brillante que tuvo tiempo, también, para sacarse una licenciatura en Derecho por la UNED.
WEBVTT
1
00:00:08.279 --> 00:00:13.439
Carlos Torres' version of the capitalism
of friends. The reasons for Baby'
2
00:00:13.519 --> 00:00:16.719
s opostile over Saba Day Bank are
reduced to raising the value of the share
3
00:00:16.719 --> 00:00:21.879
for profit and large funds and thus
getting multi- million dollar rewards for Carlos
4
00:00:21.920 --> 00:00:26.120
Torres and his team. The motor
of the professional life of the directors of
5
00:00:26.160 --> 00:00:30.399
the big companies, who are the
real owners, moves the terrain of greed
6
00:00:30.440 --> 00:00:35.359
and power. It is a cold
and aseptic growth project where there is no
7
00:00:35.479 --> 00:00:41.200
room for feelings. The alligator god
is called bonus. The operation unleashed by
8
00:00:41.320 --> 00:00:45.119
Torres has no other objective than the
blessed size, which is what the investment
9
00:00:45.200 --> 00:00:49.159
funds are pleased with, which are
the expression of an even more impressive coldness
10
00:00:49.759 --> 00:00:54.039
are phenomena that have always interested me. Torres is one of the brightest and
11
00:00:54.159 --> 00:00:58.920
best- trained executives in our country. His academic career at MIT, with
12
00:00:59.200 --> 00:01:03.280
two licenses and an MBA at the
Sloane schol of managent qualified him to preside
13
00:01:03.399 --> 00:01:07.560
over any company, is so brilliant
that he then had time to take a
14
00:01:07.640 --> 00:01:12.959
law degree from UNET. Therefore,
he is a dangerous enemy to the sabady,
15
00:01:14.120 --> 00:01:17.239
because he will not have left anything
to chance. Or perhaps there are
16
00:01:17.319 --> 00:01:22.200
times when these dazzling trajectories make them
forget that the reality is not the annual
17
00:01:22.200 --> 00:01:26.799
salaries of several million and fly by
private plane. So enormous is the power
18
00:01:26.840 --> 00:01:30.680
they reach from that Watchtower, that
they forget that they are human and therefore
19
00:01:30.680 --> 00:01:34.280
fallible. It makes them fall into
pride and surround themselves with a court of
20
00:01:34.319 --> 00:01:38.239
balls eager, also to exceed the
salary of one million euros a year.
21
00:01:38.000 --> 00:01:42.319
On one occasion, an acquaintance explained
to me that these directors neither like you
22
00:01:42.439 --> 00:01:46.359
nor dislike you, because they are
interested only in the account of results and
23
00:01:46.400 --> 00:01:49.079
the value of the action. They' re not interested in employees and their
24
00:01:49.359 --> 00:01:51.920
future, but what they can get
out of them. One day they'
25
00:01:52.000 --> 00:01:55.359
re in a consulting firm, the
next in an electric and then in a
26
00:01:55.359 --> 00:01:57.480
bank tomorrow. It can be any
other company that pays them more. It
27
00:01:57.480 --> 00:02:02.079
was an interesting reflection that the executive
who did it to me then suffered the
28
00:02:02.079 --> 00:02:07.439
consequences of his lack of empathy and
scruples, betrayed his boss and lost the
29
00:02:07.920 --> 00:02:12.639
battle the OPA over the Sabbath is
a huge mess in all the grounds,
30
00:02:13.360 --> 00:02:17.560
except for the interests of towers,
their managers and the funds that will get
31
00:02:17.560 --> 00:02:22.840
huge profits. We are facing the
typical action of savage capitalism and friends.
32
00:02:23.039 --> 00:02:25.800
It' s not about having national
or international champions or not. It is
33
00:02:25.800 --> 00:02:31.919
the propagandistic excuse to get a story
before public opinion and politicians. The reality
34
00:02:32.120 --> 00:02:37.520
is that it enshrines a ligarchy model
that harms the market. Experience shows that
35
00:02:37.599 --> 00:02:39.639
the big one eats the little one
and his employees end up on the street.
36
00:02:39.919 --> 00:02:44.039
There is no coexistence in a year
or two at the most. Those
37
00:02:44.080 --> 00:02:49.520
who come from the BBW will see
their Saturday mates go home. It is
38
00:02:49.560 --> 00:02:53.439
true that they will be well rewarded, but it is not a generous gesture
39
00:02:53.439 --> 00:02:57.240
by Torres, but a part of
the cost of the OPA, acting as
40
00:02:57.280 --> 00:03:00.400
an authentic shark who implacablely pounces on
the dam and with the power to lead
41
00:03:00.479 --> 00:03:02.879
one of the world' s great
banks. Now it' s up to
42
00:03:04.000 --> 00:03:07.280
politicians to swallow their words when the
election cycle is over and to authorize distastefulness,
43
00:03:07.639 --> 00:03:12.199
it' s not easy to face
a giant, although it' s
44
00:03:12.319 --> 00:03:16.159
true that the Bible shows us that
David could congoliat Torres has at his side
45
00:03:16.199 --> 00:03:21.120
the funds that today maintain this investment
and the next day they change it to
46
00:03:21.159 --> 00:03:23.960
one that is more profitable for them
in a sector that is fashionable, of
47
00:03:24.080 --> 00:03:28.080
course, after earning billions and no
matter what they leave behind. Spain has
48
00:03:28.120 --> 00:03:31.240
a serious problem in this area,
because we are losing companies to foreign investors.
49
00:03:32.280 --> 00:03:38.159
We lack ambitious champions with Spanish shareholders
who invest in the industrial and financial
50
00:03:38.199 --> 00:03:43.840
sector, following the successful strategy of
Faye with criteria. There are too many
51
00:03:43.840 --> 00:03:46.080
companies among those listed, whose control
is not in Spain, but in the
52
00:03:46.120 --> 00:03:51.639
hands of those cold and powerful foreign
investors that Torres has to please. The
53
00:03:51.719 --> 00:03:54.599
victory of the OPA follows a new
success of the location of power in sectors
54
00:03:54.639 --> 00:03:59.960
fundamental to our economy and the disappearance
of a financial institution like r s BO,
55
00:04:00.560 --> 00:04:03.759
which is very well managed. Forty
years ago I had the opportunity to
56
00:04:03.800 --> 00:04:08.599
eat in Barcelona, along with other
colleagues who made economy with the president of
57
00:04:08.639 --> 00:04:12.639
the largest multinational in his sector,
who had just launched an OPA on his
58
00:04:12.639 --> 00:04:15.079
rival. He had arrived in Barcelona
with his private plane. He touched me
59
00:04:15.120 --> 00:04:18.600
by his side and as the number
of the operation was very large, I
60
00:04:18.680 --> 00:04:21.839
asked him about the money. The
answer was not without a certain disdain.
61
00:04:23.480 --> 00:04:26.639
Never mind that' s what the
banks are for. Seeing the gesture on
62
00:04:26.720 --> 00:04:30.000
my face, he answered me kindly. We are the largest multinational in the
63
00:04:30.079 --> 00:04:34.000
world in our sector and the banks
are only interested in our solvency and the
64
00:04:34.079 --> 00:04:36.519
solidity of the project. The only
thing that has bothered me when it comes
65
00:04:36.519 --> 00:04:41.680
to doing the operation has been legal
equipment and communication, not only for public
66
00:04:41.720 --> 00:04:45.639
opinion, but for our shareholders and
employees, as well as for our rival.
67
00:04:46.720 --> 00:04:49.279
Of course, he got his target. I' m afraid Torres has
68
00:04:49.360 --> 00:04:53.680
ignored this rule and must believe that
Saturday is a bank of provinces that has
69
00:04:53.759 --> 00:04:57.759
to fall to Goliath. His directors
are not equal to a MIT graduate,
70
00:04:58.360 --> 00:05:02.480
as Oliu only studied in Minnesota.
He has not taken care of communication and
71
00:05:02.519 --> 00:05:06.480
has underestimated the impact on public opinion, as well as the unanimous reaction of
72
00:05:06.560 --> 00:05:12.040
politicians to an operation that will make
a few rich. I hope Torres doesn
73
00:05:12.079 --> 00:05:13.000
' t get his target.
1
00:00:08.279 --> 00:00:13.439
Carlos Torres' version of the capitalism
of friends. The reasons for Baby'
2
00:00:13.519 --> 00:00:16.719
s opostile over Saba Day Bank are
reduced to raising the value of the share
3
00:00:16.719 --> 00:00:21.879
for profit and large funds and thus
getting multi- million dollar rewards for Carlos
4
00:00:21.920 --> 00:00:26.120
Torres and his team. The motor
of the professional life of the directors of
5
00:00:26.160 --> 00:00:30.399
the big companies, who are the
real owners, moves the terrain of greed
6
00:00:30.440 --> 00:00:35.359
and power. It is a cold
and aseptic growth project where there is no
7
00:00:35.479 --> 00:00:41.200
room for feelings. The alligator god
is called bonus. The operation unleashed by
8
00:00:41.320 --> 00:00:45.119
Torres has no other objective than the
blessed size, which is what the investment
9
00:00:45.200 --> 00:00:49.159
funds are pleased with, which are
the expression of an even more impressive coldness
10
00:00:49.759 --> 00:00:54.039
are phenomena that have always interested me. Torres is one of the brightest and
11
00:00:54.159 --> 00:00:58.920
best- trained executives in our country. His academic career at MIT, with
12
00:00:59.200 --> 00:01:03.280
two licenses and an MBA at the
Sloane schol of managent qualified him to preside
13
00:01:03.399 --> 00:01:07.560
over any company, is so brilliant
that he then had time to take a
14
00:01:07.640 --> 00:01:12.959
law degree from UNET. Therefore,
he is a dangerous enemy to the sabady,
15
00:01:14.120 --> 00:01:17.239
because he will not have left anything
to chance. Or perhaps there are
16
00:01:17.319 --> 00:01:22.200
times when these dazzling trajectories make them
forget that the reality is not the annual
17
00:01:22.200 --> 00:01:26.799
salaries of several million and fly by
private plane. So enormous is the power
18
00:01:26.840 --> 00:01:30.680
they reach from that Watchtower, that
they forget that they are human and therefore
19
00:01:30.680 --> 00:01:34.280
fallible. It makes them fall into
pride and surround themselves with a court of
20
00:01:34.319 --> 00:01:38.239
balls eager, also to exceed the
salary of one million euros a year.
21
00:01:38.000 --> 00:01:42.319
On one occasion, an acquaintance explained
to me that these directors neither like you
22
00:01:42.439 --> 00:01:46.359
nor dislike you, because they are
interested only in the account of results and
23
00:01:46.400 --> 00:01:49.079
the value of the action. They' re not interested in employees and their
24
00:01:49.359 --> 00:01:51.920
future, but what they can get
out of them. One day they'
25
00:01:52.000 --> 00:01:55.359
re in a consulting firm, the
next in an electric and then in a
26
00:01:55.359 --> 00:01:57.480
bank tomorrow. It can be any
other company that pays them more. It
27
00:01:57.480 --> 00:02:02.079
was an interesting reflection that the executive
who did it to me then suffered the
28
00:02:02.079 --> 00:02:07.439
consequences of his lack of empathy and
scruples, betrayed his boss and lost the
29
00:02:07.920 --> 00:02:12.639
battle the OPA over the Sabbath is
a huge mess in all the grounds,
30
00:02:13.360 --> 00:02:17.560
except for the interests of towers,
their managers and the funds that will get
31
00:02:17.560 --> 00:02:22.840
huge profits. We are facing the
typical action of savage capitalism and friends.
32
00:02:23.039 --> 00:02:25.800
It' s not about having national
or international champions or not. It is
33
00:02:25.800 --> 00:02:31.919
the propagandistic excuse to get a story
before public opinion and politicians. The reality
34
00:02:32.120 --> 00:02:37.520
is that it enshrines a ligarchy model
that harms the market. Experience shows that
35
00:02:37.599 --> 00:02:39.639
the big one eats the little one
and his employees end up on the street.
36
00:02:39.919 --> 00:02:44.039
There is no coexistence in a year
or two at the most. Those
37
00:02:44.080 --> 00:02:49.520
who come from the BBW will see
their Saturday mates go home. It is
38
00:02:49.560 --> 00:02:53.439
true that they will be well rewarded, but it is not a generous gesture
39
00:02:53.439 --> 00:02:57.240
by Torres, but a part of
the cost of the OPA, acting as
40
00:02:57.280 --> 00:03:00.400
an authentic shark who implacablely pounces on
the dam and with the power to lead
41
00:03:00.479 --> 00:03:02.879
one of the world' s great
banks. Now it' s up to
42
00:03:04.000 --> 00:03:07.280
politicians to swallow their words when the
election cycle is over and to authorize distastefulness,
43
00:03:07.639 --> 00:03:12.199
it' s not easy to face
a giant, although it' s
44
00:03:12.319 --> 00:03:16.159
true that the Bible shows us that
David could congoliat Torres has at his side
45
00:03:16.199 --> 00:03:21.120
the funds that today maintain this investment
and the next day they change it to
46
00:03:21.159 --> 00:03:23.960
one that is more profitable for them
in a sector that is fashionable, of
47
00:03:24.080 --> 00:03:28.080
course, after earning billions and no
matter what they leave behind. Spain has
48
00:03:28.120 --> 00:03:31.240
a serious problem in this area,
because we are losing companies to foreign investors.
49
00:03:32.280 --> 00:03:38.159
We lack ambitious champions with Spanish shareholders
who invest in the industrial and financial
50
00:03:38.199 --> 00:03:43.840
sector, following the successful strategy of
Faye with criteria. There are too many
51
00:03:43.840 --> 00:03:46.080
companies among those listed, whose control
is not in Spain, but in the
52
00:03:46.120 --> 00:03:51.639
hands of those cold and powerful foreign
investors that Torres has to please. The
53
00:03:51.719 --> 00:03:54.599
victory of the OPA follows a new
success of the location of power in sectors
54
00:03:54.639 --> 00:03:59.960
fundamental to our economy and the disappearance
of a financial institution like r s BO,
55
00:04:00.560 --> 00:04:03.759
which is very well managed. Forty
years ago I had the opportunity to
56
00:04:03.800 --> 00:04:08.599
eat in Barcelona, along with other
colleagues who made economy with the president of
57
00:04:08.639 --> 00:04:12.639
the largest multinational in his sector,
who had just launched an OPA on his
58
00:04:12.639 --> 00:04:15.079
rival. He had arrived in Barcelona
with his private plane. He touched me
59
00:04:15.120 --> 00:04:18.600
by his side and as the number
of the operation was very large, I
60
00:04:18.680 --> 00:04:21.839
asked him about the money. The
answer was not without a certain disdain.
61
00:04:23.480 --> 00:04:26.639
Never mind that' s what the
banks are for. Seeing the gesture on
62
00:04:26.720 --> 00:04:30.000
my face, he answered me kindly. We are the largest multinational in the
63
00:04:30.079 --> 00:04:34.000
world in our sector and the banks
are only interested in our solvency and the
64
00:04:34.079 --> 00:04:36.519
solidity of the project. The only
thing that has bothered me when it comes
65
00:04:36.519 --> 00:04:41.680
to doing the operation has been legal
equipment and communication, not only for public
66
00:04:41.720 --> 00:04:45.639
opinion, but for our shareholders and
employees, as well as for our rival.
67
00:04:46.720 --> 00:04:49.279
Of course, he got his target. I' m afraid Torres has
68
00:04:49.360 --> 00:04:53.680
ignored this rule and must believe that
Saturday is a bank of provinces that has
69
00:04:53.759 --> 00:04:57.759
to fall to Goliath. His directors
are not equal to a MIT graduate,
70
00:04:58.360 --> 00:05:02.480
as Oliu only studied in Minnesota.
He has not taken care of communication and
71
00:05:02.519 --> 00:05:06.480
has underestimated the impact on public opinion, as well as the unanimous reaction of
72
00:05:06.560 --> 00:05:12.040
politicians to an operation that will make
a few rich. I hope Torres doesn
73
00:05:12.079 --> 00:05:13.000
' t get his target.
