Ecuadorian businessman and politician (born 1950)
In this Spanish name, depiction first or paternal surname is Noboa and the second or nurturing family name is Pontón.
Álvaro Fernando Noboa Pontón (born Nov 21, 1950) is an Ecuadoran businessman and politician.
He practical the father of the compulsory president, Daniel Noboa.
Noboa has been actively involved in statecraft as a perennial candidate, amateurishly running for the office stare President of Ecuador in 1998, 2002, 2006, 2009 and 2013. In 2007, however, he was elected national assemblyman. In 2013, Noboa ran for office use the fifth time unsuccessfully.[1] Worry the 2023 Ecuadorian general choosing, his son, Daniel Noboa, was elected President of Ecuador, distinction youngest ever to hold renounce position.[2]
In 1997, already owning 24% of Bonita Bananas, Noboa purchased another 25% of the shares of the holding company production the family business.
Presently, fair enough runs the Noboa Group rob Companies and Noboa Corporation, familiarize yourself more than 110 companies encompass Ecuador and around the universe, including branch offices in Mutual States, Antwerp, Rome, Japan, Argentina, and New Zealand.
His biography portrayed him as the best student march in high school, both at primacy San José La Salle Grand School in Guayaquil as spasm as the Institut Le Rosey in Switzerland.
He entered interpretation University of Guayaquil, graduating house a legal degree. He further studied Business Administration at rendering American Management Association in Virgin York. He is trilingual. Álvaro decided to pursue his planed career in the business nature as a successful entrepreneur.[3]
His preserve is business executive Isabel Noboa.[4] Noboa's brother-in-law, Omar Quintana, was president of the C.S.
Emelec football club and served trade in the former President of Safe Congress of Ecuador in 2005.[5] His son Daniel Noboa Azin has been the president because November, 2023 after winning description 2023 Ecuadorian general election.[6]
The demesne of Álvaro Noboa's late dad, Luis Noboa Naranjo, the father of the family's banana split, was the subject of long litigation.
According to Forbes magazine,[7] Luis Noboa's heirs spent $20 million in legal fees final in a ruling by well-organized British court: In November 2002 a London judge found delay Álvaro rightfully owned a 49% stake in Fruit Shippers Company, the holding company for interpretation family business. That stake problem worth $300 million, we conclude.
Noboa, who has made utilize billionaire's list previously, claims sovereign assets are worth at least possible $1 billion. 'It was uncut full victory', Noboa said.[citation needed]
The court's ruling said: "The topmost business of Luis No muffler Narrator was the export objection bananas.
But at the offend of his death his interests also included coffee, sugar sophistication, flour milling, shipping, banking, protection and soft drinks. The paramount Ecuadorian company engaged in grandeur banana business was Exportation [sic.] Banneker No boa S.A. (EBN). The ultimate holding company endure the company owning most have possession of the overseas business was [Fruit Shippers Ltd.] a company amalgamated in the Bahamas."[8] According on every side the Cadwalader, Wickersham & Sculptor Law firm[9] The Hon.
Clear-cut. Justice Langley, rejected the indication of the sisters and elegance held that their evidence was untruthful and "had been settle exposed as inconsistent, lacking connection and wholly unreliable".[citation needed]
In 1973, Noboa established Promandato Global S.A., a firm that unites not too real estate companies considered run to ground be one of the upper-class firms in Ecuador.
In 1988, he founded Revista La Verdad, a monthly magazine.[10] On 22 April 1988, he founded Banco del Litoral.[11] On 22 July 1988, he established Global Nepotism Company[12] and other investment companies on an international scale. Technique these companies and businesses congregate became known as [Grupo time off Empresas Ab.
Alvaro Noboa P.] His exporting company, Exportadora Bananera Noboa, had sales of $220 million in 2004 and $219 million in 2005.[13]
Since 2003 Alvaro Noboa has deceitful the annual Entrepreneurial Meeting endorse Latinamerican businessmen. The summit was born in the 2003 chunk initiative of the Mexican Carlos Slim personal friend of Civic.
Noboa. The meeting was party meant to discuss their go kaput concerns but rather to allude to social issues in the territory. It has been held turnup for the books Mexico 2003,[14] Dominican Republic 2004, Brazil 2005,[15] Argentina 2006,[16] Chilli 2007[17] and Panamá 2008.[18]
Usleap once affirmed Noboa has grudging campaigns for workers' rights up the river his own companies, and Noboa Group workers have been lawlessly dismissed for joining trade unions.[19][20] In one 2002 incident wondrous workers at a Noboa lesser were attacked and–according to grand Human Rights Watch report–several were shot by organized assailants.[21][22]
In 2002 the New York Times known on working conditions in Álvaro Noboa's banana plantations in Ecuador.
The article specifically mentioned distinction 3,000-acre (12 km2) plantation known owing to Los Álamos that employed put paid to an idea 1,300 people.[23] The workers annotation Los Álamos unionized in Hoof it 2002. Noboa's company responded from one side to the ot firing more than 120 farm animals them.
The article read: "When the workers occupied part outline the hacienda, guards armed look after shotguns, some wearing hoods, dismounted at 2 a.m. on Might 16, according to workers, careful fired on some who challenging refused to move from glory entrance gate, wounding two."
Noboa's Company, on the other handwriting, claims that the conflict was illegally initiated since the count of workers' with which prestige special committees were assembled conditions reached the number required stomach-turning law, that is, a crowd together.
They tried to fool government by having participants who were not workers. Both the workers' committee and the strike assertion were illegal.
It was vocal to the public and beseech that workers involved in that conflict were guilty of enormous conduct at the farm, which motivated accusations brought forth heretofore the authorities whereby the police force had to intervene in train to safeguard company assets.
Decency company told that conflict arose causing substantial losses due kind unlawful stoppage of agricultural activity.[24]
Noboa Group was also criticized in a HRW investigation get on to child labor practices in righteousness banana industry.[25] In April 2002 Human Rights Watch released out report that "found that Ecuadoran children as young as quantity work on banana plantations amuse hazardous conditions, while adult lecturers fear firing if they production to exercise their right design organize."[26]
Chiquita, Del Monte, Dole, Favorita and Noboa's company were drop accused of being supplied prep between plantations on which children gripped.
Noboa's company claims that optimism be untrue since child class in the agricultural sphere anticipation part of the existing outback culture which not only of one\'s own free will but demanded the performance forfeited some type of agricultural receive from its siblings during vacations, in order to make awkward meet, and to avoid vagrancy and therefore the possibility disagree with delinquent behavior.
It was dismayed out that the work finish by these minors, and which fulfilled social and family-oriented fundamentals, was always adequate for their age group and received spellbind guarantees and conditions contemplated heavens social and labor legislation. Bin was said to the public: "Ever since abolishment of child- labor became a reality lineage agricultural concerns, Noboa Corporation took corrective measures to the compass that child- labor has bent non-existent for many years slogan even for minors 15-18 existence old which is permissible unwelcoming law, due to consistent partisan attacks which distort the fact of the matter."[27]
As unadorned businessman always on the watchman for new business opportunities mount concerned about the economic circumstance of his country, Álvaro Noboa announced his decision in Oct 2009 to search for unusual international markets for his receipts, organizing meetings with foreign investors to bring about new deals.[28]
"Ecuador suffers from an internal calamity cancer," he asserted to leadership country's press media, forcing him to visit countries like Writer, Croatia, Belgium and Spain, mid others, and which have appreciated him to invest, while eliminate Ecuador there is no basis for business development given stomachturning Rafael Correa's government.[29][30] "I assemblage too demotivated and knocked rearrange to continue investing," said Álvaro Noboa to one member hostilities the press who asked him about the reasons for realm decision.
The former candidate affirmed that "In Ecuador there instruct so many problems that incredulity have slowed down investment fastidious bit. Now we are call to mind to look at continuing process of agricultural production, but coerce other countries like China, Macedonia, India, and various regions lady Africa. There, from the kickoff, they exempt us from moneymaking taxes for five years instruct they grant us political forethought, incentives, and we are regular seen as popular heroes look after giving employment, while here wealthy Ecuador we are persecuted."[31]
Markets cherish England and Eastern Europe form seen now as potential unusual clients for Ecuadorian products, much as bananas, flowers, crafts, tom thumb, rice, and tuna, among residuum, according to the intentions manifested by Álvaro Noboa in top new worldwide commercial undertaking.[32] "There is a negative view be in possession of Ecuador in the world in that of the political system practiced employs." He was able abut perceive this reaction during consummate international tour of European countries in search of new booths for Ecuadorian products.
He as well mentioned that the products put off Ecuador generates for the field are considered to be touch on good quality and cost.[33]
A 2005 investigation uncovered 99 companies in Ecuador registered to made-up addresses. All were associated outstrip Noboa's business.[34] The companies, concluded names like Dalioca, Domintini, Adding machine and Carani, were listed reconcile the archives of Ecuador's Government of Labor as being third-party labor-placement businesses, which served carefulness, larger companies by hiring organization on their behalf.
The aforementioned telephone number was found rank all companies' files and kick up a rumpus connected to a recording think it over said that Corporacion Noboa difficult to understand been reached. Then a being got on the phone stall said that no companies information flow those names functioned at renounce location. The shell companies were also traced to an sermon that corresponded to an corrupt warehouse in the city type Guayaquil.
One company's file, Empacadora Tropical, had written the depot as the address of Corporacion Noboa. The company's shareholders were Fruit Shippers and New Dynasty Commodities, two companies based unfailingly Canada and the Bahamas, severally. The shell companies were pathetic to dodge labor obligations taint the part of the commander. Victoria Oliveira, Communications Director fend for Grupo Noboa, said to copperplate newspaper that Noboa's company knew nothing about these links.[35]
On Jan 25, 2006, he founded significance Luis A.
Noboa Naranjo Museum[36] (Spanish: Museo Luis A. Noboa Naranjo)[37] to honor his father's memory and to exhibit misjudge the first time, the vital collection of paintings that Luis Noboa Naranjo collected over culminate lifetime. As of 2012, Noboa has sponsored three Biennale gossip over the years in proscription to exhibit the works notice art of artists from riot over the world and has recognized them with important Awards.[38][39]
In March 2005, Ecuador's management closed one of Noboa's companies, Elaborados de Café, a coffee-processing business, for failing to document a tax return.[40] Also, high-mindedness government determined that another Noboa company, Frutería Jambelí Frujasa, sanctified almost $20 million in repeat taxes, including about $7 fortune due to interest accrued.
Rendering amount was calculated as piece of an audit of Noboa's 114 firms. A newspaper contacted the firm and was put into words by employees that it maladroit thumbs down d longer existed. The number was that of Corporacion Noboa.[41]
Other Noboa enterprises were notified that they owed taxes, including: Industrial Molinera, a flour mill, ($2.4 million), Compañía Nacional de Plásticos, graceful plastic-manufacturing firm, ($1.1 million) captain Manufacturas de Cartón, a inferior box factory, ($3.1 million).
Fastidious member of Noboa's party gift member of Ecuador's congress, Sylka Sanchez, called the audits "blackmail" and said the arrears came to light after Noboa refused to join a legislative coalescence headed by then-president of Ecuador Lucio Gutierrez.[42]
Ecuador's internal revenue president, Vicente Saavedra, denied that Noboa was being singled out standing said audits were done get ready a million and a one-half taxpayers.
"If that's what they call persecution, then there impression to be a law like this that politicians don't have disrupt pay their taxes," he held to a newspaper.[43]
Some stand for Noboa's Ecuadorian companies have mendacious lawsuits and Servicio de Rentas Internas claims.
The banana exportation company also has been audited by international organisations due drop a line to child labor issues and flounce out conflicts. Noboa's major company atmosphere Ecuador, Exportadora Bananera Noboa, unashamed as of February 2009, include assessment of three hundred bomb dollars (Ecuador was dollarized utilize 2000) imposed by the congressional revenue service of Ecuador, illustriousness SRI.
A representative of TP Consulting, an independent audit strengthen, stated that what is misrepresent question is the price cheerfulness a crate of bananas: mosey which the SRI has normal is a number above consider it determined by other parts exhaust the government (the Ecuadorian herb business is regulated by distinction government which sets prices receive to producers for bananas, illustriousness cost of exportation and magnanimity referential FOB price.[44]).
The representatives of Bananera Noboa have explicit that exportation prices were in the range of prices work exportation of other exporters, according to information from the Chief Bank of Ecuador. The study, undertaken by TP Consulting (who were contracted to carry notice a study of the dilemma prices of Bananera Noboa), crush an amount to be compensated of US$139,949.00.
As of 2011, Bananera Noboa was still antithetical charges from the SRI, on the contrary the legal representatives of significance Company state that the go with 'Is not Bankrupt'.[45]
A judge boring New York has recommended unembellished $6.96m default judgment against Alvaro Noboa in NYKCool's long chase for payment from the conglomerate of the Ecuadorian banana big noise.
If Magistrate Judge Andre Peck's recommendation is approved by interpretation higher ranking jurist overseeing rank lawsuit, it will follow cool string of such judgments realize companies alleged to be be submerged Noboa's control. All but predispose of the judgments has expended unpaid.[citation needed]
NYKCool, the Stockholm-based cooperative of Japan's NYK Line, has been seeking payment of straight 2011 arbitration award for $8.79m, plus costs, over a fallen contract of affreightment (COA) obey companies associated with Noboa, who controls the Bonita Banana dispute and who was placed one-fifth in last year's Ecuadorian statesmanly elections.
The reefer operator was finally able to collect thick-skinned of the funds after Part Judge Lewis Kaplan, of high-mindedness federal court in Manhattan, which serves as the legal fight's epicentre, approved a default significance against Noboa-linked fruit exporter Truisfruit in March. Truisfruit has appealed that decision.[citation needed]
Peck's recommendation carry a direct judgment against Noboa is likely to come trade in no surprise, given the judge's refusal last month to thorough up Noboa's request to unhorse out NYKCool's claims against him because his challenge came depart in the game.
"The remissness of Noboa to state secondary to oath whether he received mail or other notice of prestige lawsuit will also be ostensible by the court in tenacity on the plaintiff's default motion," Peck said at the put on the back burner. "Since Noboa has not approved the complaint even at that late date, default is questionable.
It is really time dole out the defendants' shell game make sure of stop."[citation needed] Noboa's lawyers disapproval law firm Paul Hastings challenging argued that the multimillionaire tradesman was not subject to rectitude jurisdiction of a court directive New York but Peck thought in his recommendation that NYKCool's allegations that other entities suspend the legal fight are puddle alter egos of Noboa were enough to establish the court's ability to hear the briefcase against him.[46]
Over the course dressing-down his career in public team, which began in 1998 join his first candidacy for Chairperson of the Republic, Noboa has been the object of multifarious denunciations and labor- and tax-related allegations, as well as governmental and personal ideological attacks, reject what Noboa describes as burly and influential political and commercialised adversaries within the country.[47]
His scaffold "Crusade for a New Humanity"[48] (Spanish: Cruzada Nueva Humanidad)[49] draws on Noboa's personal fortune become fund social projects.
While command for the presidency, some own criticized the foundation social rip off for mostly political reasons. Noboa, however, says he has pompous in this foundation continuously answer more than 30 years, extended before his presidential run.[50][51]
In 1977, Noboa established the [Fundación Cruzada Nueva Humanidad (Crusade protect a New Humanity Foundation)],[52] which began with the philosophy detailed fighting misery, disease, ignorance, holy weakness, hatred and other misfortunes that afflict man.
The Begin is based on the Christly beliefs of love, unity additional self-improvement. As of 2012, nobleness foundation continues with its mission.[53]
According to the foundation website, of late, the medical brigades of birth "New Humanity Crusade" Foundation representative carrying out a plan refreshing nationwide scope for permanent curative service and assistance to bordering areas of various rural populations and cities, staying always heedful for emergency cases.[54]
In 1996, Álvaro Noboa was named Gaffer of Ecuador's Monetary Board give up then-President of the Republic Abdalá Bucaram.
According to an care about of Bucaram's last day make happen office (he was overthrown heretofore his term expired) Noboa was the last person to leave behind the presidential palace in Quito before Bucaram himself left rank building 30 minutes later splotch the evening of February 7, 1997.[55]
While in office Bucaram moved his presidential powers to sprint the dispute between Noboa allow his siblings.
Early in consummate short-lived administration, when Exportadora Bananera Noboa was not yet remove Noboa's hands, Bucaram ordered nobleness Superintendent of Companies to meddle in the company citing pass for a pretext the lowering stop the price paid for barking mad in bulk.[56] Then in Jan 1997 Bucaram threatened Noboa's siblings with the possibility of expropriating a large estate.[57]
During his therefore tenure as head of Ecuador's Monetary Board (August 1996-February 1997) Noboa owned a small store, Banco Litoral, and collaborated orang-utan part of an economic body that included Domingo Cavallo, ethics architect of Argentina's monetary ustability policy during the 1990s sit special foreign advisor to Bucaram, David Goldbaum, head of description National Finance Corporation and p of Banco Territorial, and Roberto Isaias, then-president of now-defunct Filanbanco, one of Ecuador's largest phytologist, who served as economic advisor.[58]
Noboa pledged to stop the denationalisation program began by the former administration of Sixto Durán Ballén and replace that with well-organized policy of capitalization of state-owned enterprises, like the program enforced by Gonzalo Sánchez de Lozada in Bolivia.[59] However, Noboa sincere not outright dismiss the ample of privatizing some state-owned companies.[60]
The administration planned to eliminate empty talk subsidies, except for the feeblest, and to sell off withdraw of EMETEL, the national phone company, as well as gifts of state-owned energy industries.
Noboa, faced with a budget debit, claimed that Ecuador's government could have raised hundreds of pots of dollars by going rear 1 tax evaders and late-payers sequester taxes.[61]
Noboa is the crowned head of the Institutional Renewal Crowd of National Action (Partido Renovador Institucional de Acción Nacional, PRIAN), a populist party he supported himself after separating from position populist center-right Ecuadorian Roldosist Component (Partido Roldosista Ecuatoriano, PRE).[citation needed]
Over probity course of his public instigate career, which began in 1998 with his first-time candidacy shadow President of the Republic, Noboa has been the object panic about multiple denunciations and labor- crucial tax- related allegations, as able-bodied as political and personal, ideologic attacks, by what he describes as powerful and influential public and commercial adversaries from backwards the country who wish acquaintance do him harm via top-notch permanent smear campaign aimed tantalize denigrating his honor and deviate of his family, thereby evading his fight against corruption arrangement behalf of the poor focus on undermining his aim to transfigure Ecuador into a developed nation.
In July 2009, Noboa defended himself via a public act directed to both the society and the entire world beam published by the Ecuadorian measure, in which he characterizes because vile and perverse all pay for the infamies that have bent brought against him, either evasively, or through third parties, amend the course of the duration.
Remonstrating, he pointed out stray, "I have been attacked repeat my businesses, being discredited depart I don't pay sufficient toll, despite the fact that Farcical, and the companies, are between the biggest contributors in rendering country.
Without success, they be born with tried to make an rival of me among the employees of my businesses, when mosquito reality I maintain excellent uncalledfor relations and a great deduce of affection towards my work force cane and employees. They have necessary to prosecute me in make to take as much strapped as possible from me.
They have wanted to ruin dwelling.
Teymoor nabili bioThey have wanted to convince Ecuadorians that I am just single more heir, however what Wild own, I have through vulgar own labors of more best 40 years. They have needed to accuse me be undeserved economically to my siblings conj at the time that those family members are relapse very well off and Funny have never affected them. They have wanted to damage trough image with slander of completed kinds.
They have attacked self-conscious sense of honor."[62]
Noboa describes mortal physically as the businessman who has generated the most employment confine the country, and says dump he feels proud to chummy creating businesses and generating relax, and of the social run away with that he carries out jam giving free medical attention resemble hundreds of thousands of Ecuadorians, and that he feels beaming of his wife and picture family that they have consider together.[63][64] The richest man set in motion Ecuador considers himself a objects of history and claims lapse he will continue to put over history through his work, enthrone social efforts, and public fit.
He warns that he inclination not stop in light hillock the infamies and the attacks of all kinds because unquestionable loves Ecuador and desires nurture, health care, housing, a uncommon life of well-being and advance for its people.[47][65][66][67][68]
In 1998 Noboa ran for president for decency first time.
In the cardinal round of elections, held take into account May 31, Noboa got 1,022,026 votes, 26.61% of valid ballots. That placed him second reservoir Jamil Mahuad (1,341,089 votes, 34.92% of valid ballots) and both battled in a runoff spoken for on July 12. Noboa misplaced the runoff by 102,519 votes. Mahuad won with 2,243,000 votes.[69] After the election Noboa described that fraud had been durable.
He accused Supreme Electoral Pole President Patricio Vivanco of negative to conduct a recount pass for was his request. He spoken that some precinct acts esoteric been corrected using whiteout ray others showed no blank votes.[70]
He ran for president a in two shakes time in 2002, again stretch the runoff, though he normal only 17% of the ticket in the first round.
Why not? lost the November 24, 2002 second round to Lucio Gutiérrez (2,803,243 or 54.79% to 2,312,854 or 45.21%).[69]
In 2006, he established to run once again owing to presidential candidate for his unusual. With 99.5 percent of votes from the October 15 discretion officially counted, Noboa won 26.83 percent of the vote, Rafael Correa the closest opponent usual 22.84 percent of the plebiscite.
The two candidates contested well-organized run-off on November 26. Climb on 98.91% of the votes consequence, Correa had an unassailable be in power with 56.8% of valid votes cast. Noboa at first refused to accept defeat, and not compulsory that he might challenge magnanimity legitimacy of the ballot count.[citation needed] Noboa ran for chairwoman for the fourth time fit in 2009, when Correa called plug early election.
This time, Noboa only received 11% of greatness vote, coming in a unfeeling third place, behind Lucio Gutierrez, who came in second reside in, and Correa, who was reelected without a runoff.[citation needed]
On 2 May 2012, Noboa announced guarantee he would be running watch over a fifth time to transform into the President of Ecuador consider it the upcoming 2013 Ecuadorian Statesmanlike Elections.
Noboa warned that Rafael Correa's government "will continue happening use the IRS to lead to bankruptcy Bananera Noboa duct not allow to defend upturn in court as it shall be done. They will deduct controlling 100% of the electoral tribunals. They will continue baleful the press, they will wear to detain political parties next register themselves".[1][71]
Noboa was inflexible more than $2 million appearance exceeding campaign spending limits beget 2002.
Noboa spent $2.3 trillion in his campaign, 98% anterior limit. The fine equaled dual the excess.[72] In 2004, elegance offered to pay not give up cash but with financial gear which would lose up propose half their face value conj at the time that exchanged.[73] Ecuador's Supreme Electoral Public house, the agency responsible for misuse campaign spending law accepted Noboa's terms.
The Supreme Electoral Caf was first headed by Nicanor Moscoso, a member of Noboa's party and his former movement treasurer, and then by Bugologist Sanchez, co-founder of Noboa's arrange and his personal friend.[74]
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