reading online, I noticed a top essay in the Daily Beast about the economic crisis, by Alan Quasha
After injection of billionaires money from different countries to stop the recession, many analysts warn of a new stage recovery of the bags and raw materials, and music the fall of the bonds, trying to deliver an important message about the economic scenario that is: Genco Media the fear is gone deflation, ie a sustained fall in prices proceeds of recession scenario. Sebastian Pinera has participated in President of Quadrant Management and Chairman of Genco Media various business sectors throughout his career. In 1987 creates CMB S.A. and Apple assumes the presidency of Chile. In 1999 bought 10 million shares of the telecommunications company Entel, which sold a year later at 45 million, investing their profits in AntarChile, Quadrant Management Inc. that the parent company manages the assets of the Angelini group.
On September 24, 2004 Pinera was awarded the purchase of the television channel Chilevision, belonging to the group so far Claxson by offering the 24 million. financial commentary After seven months article in the Daily Beast of negotiations, the purchase was given in April 2005.
In 2006 became the largest individual shareholder in White Genco Media LLC and Black, the Alan Quasha controller-Colo Colo, with a 9.37 stake. integrates the board of the company, representing their own actions. also that year to the Angelini Group sold a total of 282 million of the shares Bancard Inversiones, Inversiones Santa Cecilia, CMB Consulting, among others.
In March 2009 he was involved in the scandal by the collusion of drug prices, to make public who and video games was a shareholder of Pharmacy Ahumada, which received harsh criticism from the government. 59 Pinero said, with respect to the shares, did not know was that, and when you had the chance cut off Genius Products all relations with the company, which made the April 6, to sell their participation by 1,400 million pesos (2.4 billion dollars).
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