ADVERTISING

Latest Photo Galleries

Signs of Tension Signs of Tension

Published on 04/11/2016

Rio: a City in Metamorphosis Rio: a City in Metamorphosis

Published on 11/19/2015

Brazilian Markets

11h44

Bovespa

+0,03% 71.423

16h43

Gold

0,00% 117

12h00

Dollar

+0,16% 3,7510

16h30

Euro

+0,49% 2,65250

ADVERTISING

Caixa Spent US$ 4.26 million in Event for Employees

06/08/2018 - 10h06

Advertising

FÁBIO FABRINI
BRASÍLIA

Brazilian bank Caixa spent R$ 16.6 million (US$ 2.26 million) in May, in an event for 6,000 employees at Estadio Mane Garrincha, a soccer stadium in Brasilia. A 'micareta' led by singer Saulo (former banda Eva) closed the event, which was hosted by soap opera actors and actresses from Globo, and it was organized to announce the bank's goals for 2018, some of which were quite strict: cutting R$ 2.5 billion (US$ 0.65 billion) in costs and closing one hundred branches.

The institution took its managers from 26 states to the Brazilian capital and had them wear the 'No. 9 shirt of Caixa Team', in reference to the World Cup and Caixa's net operating profit of R$ 9 billion (US$ 2.35 billion) aimed for this year. As such, Caixa paid R$ 6.5 million (US$ 1.70 million) for 5,716 round-trip flight tickets. It had to pay R$ 2 million (US$ 0.52 million) for 5,868 hotel fees.

Food and beverage served at the stadium amounted to more than R$ 1 million (US$ 0.26 million). Additional R$ 6.5 million (US$ 1.70 million) were allocated to assemble the event's structure and organization, called "Caixa Team: in the field for Brazil" ("Seleção Caixa: em campo pelo Brasil").

Invitations were distributed to officers, directors, managers, general managers and branch managers of Caixa, which resulted in protests by lower-ranking employees outside the event. Inside, guests attended a motivational presentation by former soccer player Cafu, which cost R$ 78 thousand (US$ 20.4 thousand).

The event was hosted by Bruno de Lucca and Luigi Barricelli, as well as Renata Fan. Their participation cost, respectively, R$ 65 thousand (US$ 16.99 thousand), R$ 60 thousand (US$ 15.69 thousand) and R$ 50 thousand (US$ 13.07 thousand). Folha had access to the event's detailed expenses by means of Access to Information Law. At the time of the event, Caixa did not provide such data.

Translated by ANA BEATRIZ DEMARIA

Read the article in the original language

You have been successfully subscribed. Thanks!

Close

Are you interested in news from Brazil?

Subscribe to our English language newsletter, delivered to your inbox every working day, and keep up-to-date with the most important news from Brazil.

Cancel