End Citizens United and Elizabeth Warren Unite for Campaign Finance Reform

End Citizens United (ECU) is committed to ensuring every citizen has an equal say in the election of government officials. Strong advocates of the reversal of the 2010 Supreme Court decision that its group was named for, ECU believes that our current campaign finance system favors the rich and powerful and works against the everyday American. Since this ruling, powerful entities such as large corporations and the super rich can now funnel unlimited resources to aid political campaigns, potentially giving them enormous sway in their outcomes.

 

Massachusetts Senator Elizabeth Warren shares this commitment to campaign finance reform and was recently endorsed by End Citizens United. Warren believes that this Supreme Court ruling endangers our democracy, and desires to put political power back into the hands of ordinary Americans. She is a strong proponent of full disclosure in campaign donations by corporations and government contractors. In addition, she has called for a reaffirmation of the People’s Pledge that she endorsed in her 2012 campaign. This pledge penalizes any candidate that benefits from outside advertisements by requiring a portion of each ad’s value to be donated to charity.

 

ECU has pledged to assist Senator Warren through a grassroots effort mobilizing its over 100,000 members in Massachusetts. They will also recruit help from their over 300,000 national donor base.

 

The 2010 Citizens United ruling has opened up the floodgates for large corporations, unions and special interest groups to spend unlimited funds in support of political candidates through super PACs (Political Action Committees). Political Action Committees like End Citizens United cannot accept individual donations exceeding $5,000. Nevertheless, ECU has raised over 4 million dollars during the first quarter of 2017 and is projected to raise 35 million prior to the 2018 midterm elections, with the average contribution being around $14.

 

Approximately 100,000 people donated to ECU during the first three months of 2017. Interestingly, 40,000 of them were first-time contributors, demonstrating that there is enormous support among everyday citizens to reverse this ruling.

 

End Citizens United has assisted other candidates in battleground states by exposing their financial ties to special interest groups. As the midterm elections approach, ECU will continue to support candidates like Senator Elizabeth Warren who will keep campaign finance reform at the forefront of her upcoming campaign.

The Meteoric Rise Of Luiz Carlos Trabuco Cappi Through The Ranks Of Bradesco

In March 2009, Luiz Carlos Trabuco Cappi took over the leadership of Bradesco, one of the most prominent banks in the private sector of Brazil. At the time of his nomination, Bradesco had just lost its position of market leadership to Itau Unibanco, and therefore, his primary objective was to return the bank to the top spot among private sector banks. His nomination to the presidency was motivated by his long-standing commitment to Bradesco, and the role he played at Bradesco Seguros, the bank’s private pension and insurance plans arm. In different capacities, Luiz Carlos Trabuco Cappi has worked for Bradesco for more than 45 years.

Throughout his entire career, Luiz Carlos Trabuco Cappi has served as an employee of Bradesco, specializing in banking, insurance, and marketing. In comparison to most banking professionals who bear degrees in economics, administration, or finance, he holds a Bachelor’s degree in Philosophy from the University of Sao Paulo. He also bears a postgraduate degree in Socio-psychology from the School of Sociology and Politics of Sao Paulo. He began working for Bradesco in 1969 as a clerk and has steadily risen through its hierarchy to occupy the top spot. This lays credence to the bank’s emphasis on continual growth and employee advancement.

He then moved to Sao Paulo where he began working as the bank’s Marketing Director in 1984. In 1999, he was promoted to become the firm’s Executive Vice President, in charge of private pension plans. During this period, Luiz Carlos Trabuco Cappi served on the bank’s Board of Directors. He returned to serve on the board as its Chief Executive in 2009 after he was selected as the private bank’s President. This position allows him to handle some of Brazil’s biggest financial projects and credit operations, as well as being considered as a voice of reason by distinguished business and political leaders.

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His time as the Executive Vice President of Bradesco Seguros in Rio de Janeiro was characterized by an increase of total premiums from 23% to 25% as well as a significant surge in company profits. To date, the insurance arm contributes approximately 30% of Bradesco’s total profit. During this time, he was recognized two times as the Insurance Personality of the Year in 2003 and 2007.

In the span of his prolific career, Luiz Carlos Trabuco Cappi has also worked with other well-known entities such as the International Institution Association of Economic Studies, National Association of Private Pensions, Brazilian Federation of Bank Associations, among others.

Leading the Acquisition of HSBC Brazil
Upon taking up the presidency of Bradesco, Luiz Carlos Trabuco Cappi forwarded that the bank’s ultimate goal will not be to focus on taking back market leadership but to ensure it offers the best services to its customers. To this end, he led the $5.2 billion acquisition of the Brazilian division of HSBC in 2015. This bold move prompted Dinheiro to select him as Entrepreneur of the Year in the Financial Sector.

His primary objective was to bring about organic growth to Bradesco through the acquisition of smaller banks and opening more regional branches. This will, in turn, increase the bank’s internal performance and operational efficiency. It will also narrow the competitive gap between Bradesco and Itau Unibanco, the bank’s biggest competitor. The move would conclusively reopen the struggle for market leadership in the private banking sector. This is because it allows Bradesco to surpass Itau Unibanco in terms of total investment funds, branch network, and magnitude of account holders.

Luiz Carlos Trabuco Cappi becomes Bradesco’s fourth president, alongside Marcio Cypriano, Lazaro Brandao, and Amador Aguiar, since its inception more than 65 years ago. He is described as a humble man of calculated moves and discreet suits, dedicated to the overall success of Bradesco.