Batista’s Brazilian empire was sunk by more than hubris

Fifteen months ago, OGX Petrsleo chief executive Paulo Mendonga was confident that the company he led was on track to become a major independent oil producer, an anchor for Eike Batista’s vast Brazilian resource empire.

via Business feed http://www.scmp.com/business/companies/article/1300583/batistas-brazilian-empire-was-sunk-more-hubris