PETR4 did a good thing and later a bad thing...

PETR4 finally did something that should have done in October or September 2014, and decided to dismiss the CEO and VPs. Then, stocks increased 8%! Good possibilities!

Then, 2 days later, PETR4 announces that the new CEO is Banco do Brasil CEO (bank controlled by the government). Stocks fell 8%... Of course! the government will continue having power in the largest company of the country...

they should have decided for someone from outside... but, decided for inside... Well, the markets already told them what they thought about this announcement.

Let's hope that corruption reduces in PETR4.

Leo.