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Europe's Foxiest Banker Takes on the World
Oleh:
Wallace, Charles P.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 165 no. 5 (Apr. 2012)
,
page 64-69.
Topik:
Banker
;
Europe's Banking Industry
;
Market Capitalization
;
Global Crisis
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.47
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Europe's foxiest banker has built a financial powerhouse by acquiring prominent foreign banks for bargain prices. The view from Banco Santander's flying-saucer-shaped headquarters, sitting atop a sprawling 340-acre campus outside Madrid, is breathtaking. You can see the bank's championship 18-hole golf course, a nursery for 550 children, and a grove of 1,000-year-old olive trees transplanted from Sicily at a reported cost of $50,000 a pop. Given all that opulence, you'd never guess that Emilio Botín, the 77-year-old chairman of continental Europe's biggest bank by market capitalization, is having his worst year ever. "We're in an international crisis -- things haven't been this bad since the 1930s," Botín admits reflectively during an interview in early February. No kidding. Just two days earlier he had faced an uncharacteristically hostile Spanish press corps after reporting that the bank's earnings had fallen 36% in 2011. But the bald, suntanned Botín (pronounced boh-TEEN) immediately brightened up. Smiling mischievously, he adds, "No doubt it is a significant problem, but the last four years have also been a big opportunity for Santander." In two years, Botín predicts, profits will grow by 50%.
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