Differnt type of economy

In Brazil’s economy, apparently the government can remove corporate leaders. The Brazilian government has removed the Petrobras CEO Luna from his position.

https://seekingalpha.com/news/3818225-petrobras-ceo-luna-off…

In Brazil’s economy, apparently the government can remove corporate leaders.

Petróleo Brasileiro S.A. — Petrobras happens to be a state owned company. Brazil has a so called “mixed economy.”

Petróleo Brasileiro S.A. — Petrobras

Petróleo Brasileiro S.A., better known by the acronym Petrobras, is a state-owned Brazilian multinational corporation in the petroleum industry headquartered in Rio de Janeiro, Brazil. The company’s name translates to Brazilian Petroleum Corporation — Petrobras.

https://en.wikipedia.org/wiki/Petrobras

The Captain

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