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Alain J. P. Belda | |
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| Born | (1943-06-23)June 23, 1943 (age 82) |
| Education | Mackenzie Presbyterian University (BA '69) |
| Spouse | Haydee Esteves |
Alain Juan Pablo Belda Fernández (born 23 June 1943) is a Spanish-Brazilian-American businessman who has been a managing director ofWarburg Pincus since 2009.[1] Previously, he was the chairman of the board ofAlcoa from January 2001; he was chief executive officer from January 2001 until May 2008.[2]
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While CEO of Alcoa in 2007, Belda earned a total compensation of $25,931,201, which included a base salary of $1,457,500, a cash bonus of $1,000,000, stocks granted of $6,978,791, and options granted of $13,558,026.[3]
On October 6, 2005, in the paper EXAME inSão Paulo,Brazil, there appeared an article by journalist Alexa Salomão, where Belda was quoted as saying Alcoa was paying Brazilians twice as much for energy for the corporation's Brazilianaluminum smelters, as it was payingIceland's state-run energy firmLandsvirkjun: "...the agreed price — 30 dollars per megawatt-hour — was far from ideal. In Iceland, the company pays half that."[4] When this news reached Icelandic media, on June 7, 2006, the reaction was negative from environmentalists opposed to the already controversialKárahnjúkar Hydropower Plant, and others, as Icelandic citizens and other firms pay eight times that.[5]
Friðrik Sophusson, the director ofLandsvirkjun, said the quoted price was ridiculous, the real price being somewhat higher. ANew York spokesperson for Alcoa said Belda had been "inaccurate"[6] in the interview.
An Icelandic social-democraticmember of parliament,Helgi Hjörvar, who is on the board ofLandsvirkjun, challenged authorities to reveal the real price and thus "clear the air" surrounding the project—the dam and the smelter. No answer was ever received. Representatives of Alcoa finally apologized toLandsvirkjun for the slip-up, Salomão's article was removed from Alcoa's website.[citation needed]
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Citigroup Inc. andE. I. du Pont de Nemours and Company andInternational Business Machines. Mr. Belda serves on the board of trustees ofThe Conference Board, the world's leading business membership and research organization, and is a member of the board of trustees of the Brown University Corporation.
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