| Sebastián Piñera | |
 Sebastián Piñera, Chilean Presidential Candidate 2010 |
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| In office March 11, 1990 – March 11, 1998 |
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| Succeeded by | Carlos Bombal Otaegui |
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President of National Renewal
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| In office May 26, 2001 – March 10, 2004 |
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| Preceded by | Alberto Cardemil Herrera |
| Succeeded by | Sergio Díez Urzúa |
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| Born | December 1, 1949 Santiago, Chile |
| Nationality | Chilean |
| Political party | National Renewal |
| Spouse(s) | Cecilla Morel Montes |
| Children | Magdalena, Cecilia, Sebastián and Cristóbal |
| Residence | Santiago, Chile |
| Alma mater | Harvard University (Ph.D) Universidad Católica de Chile (B.Eng) |
| Occupation | Investor, Businessman, Politician |
| Religion | Roman Catholic |
| Website | www.pinera2010.cl |
Miguel Juan Sebastián Piñera Echenique Spanish pronunciation: [ˈmiɣel ˈxwan seβahˈtjan piˈɲeɾa eʧeˈnike] (born December 1, 1949) is a Chilean economist, investor and politician. He is a member of the center-right National Renewal (RN) party, a constituent of the Alliance for Chile coalition, and a former Senator. He is currently running for the Chilean presidency for the second time, representing Alliance for Chile in the election that will take place on January 17, 2010.
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Personal life
Piñera was born in Santiago, Chile to Magdalena Echenique Rozas and José Piñera Carvallo, an engineer who worked for CORFO and was Chile's ambassador to Belgium and to the United Nations. He is the third man of a family of four brothers and two sisters: Guadalupe, José Piñera (a former Minister of Labour under Augusto Pinochet), Pablo, Sebastián, Miguel Piñera (a well-known Chilean performer), and Magdalena. He is married to Cecilia Morel Montes and has four children: Magdalena, Cecilia, Sebastián and Cristóbal.
As of March of 2009, Sebastian Piñera's net worth is estimated to be 1 billion USD.[1]
Education
One year after his birth, the Piñera Echenique family moved abroad to Belgium and later New York, due to his father’s work as the Chilean Embasador to the United Nations. He would return to Chile and enroll in The Divine Word School (Colegio del Verbo Divino) in 1955, graduating in 1967.[2]
Piñera would later enroll in Pontifical Catholic University of Chile for his undergraduate degree in Economics, graduating in 1971. Upon his graduation, he was awarded the Raúl Iver Oxley Prize, which is given to the overall best student of each generation. He also graduated holding one of the highest grade point averages in the university’s history.[3]
Piñera would continue onto Harvard University on a partial Fulbright Scholarhsip for his postgraduate studies in Economics. During his time at Harvard, he and a classmate co-authored an article titled "The Old South' s Stake in the Inter-Regional Movement of Slaves" for The Journal of Economic History.[4] He also worked as a teaching fellow during the years of 1975 and 1976. After three years at Harvard, he graduated with both a Master and Doctorate degrees in economics. His thesis was titled, “The Economics of Education in Developing Countries.”[5] He would return to his country in 1976.
Teaching Career
Once graduated, Piñera was an educator from 1971 until 1988. He was Professor of Economy at University of Chile, Pontifical Catholic University of Chile and Adolfo Ibáñez University. In 1971 he was professor of Economic Political Theory in the School of Economics at University of Chile. In 1972 he was a professor at the Valparaiso Business School.[6]
Businesses
Piñera owns 100% of Chilevisión, a Chilean terrestrial television channel broadcasting nationwide; 27% of Lan Airlines (LAN), 13% of Colo-Colo,[7] a football (soccer) club; and holds significant stock positions in companies such as Quiñenco, Enersis, and Soquimich.
According to Forbes magazine, Piñera is a billionaire (his fortune is estimated at US$1 billion). His wealth is attributed in great part to his involvement in the introduction of credit cards to Chile in the late 1970s and his subsequent investments, mainly in LAN Airlines stock. Piñera acquired shares of the formerly state-owned company from Scandinavian Airlines in 1994, as part of a joint venture with the Cueto family.[8][9]
In 1982 an arrest warrant was issued against Piñera. He was accused of violating the Banking Law during his time as general manager of the Bank of Talca. Piñera spent 24 days in hiding, while his lawyers appealed the order. A writ of habeas corpus was first rejected by the Appeals Court, but then approved by the Supreme Court, acquitting Piñera.[10]
In July 2007 Piñera was fined approximately US$680,000 by Chile's securities regulator (SVS) for not withdrawing a purchase order after he received privileged information (an infraction very similar to insider trading) of LAN Airlines stock in mid-2006.[11] Piñera denied any wrongdoing, and argued that the whole process was part of a political attack to damage his image. He did not appeal arguing that the court process could take years and interfere with his intention to run again for president in late 2009. Later that month he resigned from the boards of LAN and Quintec.[12]
Political career
Piñera has stated he voted No in the 1988 plebiscite against Augusto Pinochet. In 1989 he headed the presidential campaign of Hernán Büchi, a former finance minister of the Pinochet government. During the same election process, Piñera was elected as Senator for East Santiago (1990–1998) and soon after joined the center-right National Renewal (RN) party. During his term as Senator he was a member of the Senate Finance Committee.
In 1992 Piñera's attempt to become his party's candidate for the following year's presidential election would end dramatically after he was involved in a scandal known as Piñeragate, wherein a wiretapped conversation between himself and a friend was revealed during a political television show he attended. In the conversation —made public by the television station's owner, Ricardo Claro— he conspired to have his rival for the party's nomination, Evelyn Matthei, cornered during the show by a journalist close to Piñera. The tape was then revealed to have been illegally recorded by a member of the military and given to Matthei, who then gave it to Claro. Matthei stepped down from the presidential race as well.
Piñera was president of his party from 2001 to 2004. He tried to run for senator in 2001, but resigned his campaign after the presidential candidate of his alliance -and member of the allied party, the Independent Democrat Union (UDI)-, Joaquín Lavín made it clear he would not support candidates from Piñera's party, insisting on supporting retired Admiral Jorge Arancibia instead.
On May 14, 2005, in a surprise move Piñera announced his candidacy for the 2005 presidential election (RN was supposed to support UDI's Lavín.) He described his political philosophy as Christian humanism. If elected, he would have become the first billionaire to hold office as President of Chile.[13] In the first round of the election, on December 11, he obtained 25.4% of the vote, which placed him in second place. Since no candidate achieved an absolute majority, a runoff election was held on January 15, 2006, between himself and Michelle Bachelet of the governing coalition. Bachelet won the presidency with over 53% of the vote.
Currently, Piñera is running for president of Chile in the 2009-2010 election. Since August of 2009, he has been leading in opinion polls, competing with Eduardo Frei, Marco Enríquez-Ominami and Jorge Arrate; all of whom are left-of-center candidates. In the election of December 13, 2009, Piñera placed first in the results by obtaining 44.05% of the vote, while Frei reached only 29.6% of the official vote. Since neither candidate received more than half of the total votes, Chileans will return to the polls for a final run-off election on January 17, 2010.[14] Piñera's victory would mean a shift towards the center-right[15], breaking the two decade hold by center-leftists politics.
Piñera has run one of the most successful political campaigns, displaying sophisticated similarities to the American Presidential Campaign of Barack Obama with items such as a campaign anthem[16] and "Thank You" banners[17]. Piñera's banners and billboards have carried statements throughout the country such as "Delinquents, your party is over," and "Small businesses, Big opportunities."[18] Amongst his promises are increasing education rates and improving international relations with the neighboring country of Peru.[19]
References
- ^ http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Sebastian-Pinera_YLRC.html
- ^ http://www.icarito.cl/medio/articulo/0,0,3255_66602347_134982903,00.html
- ^ http://diario.elmercurio.cl/detalle/index.asp?id={44b683ae-0698-4b29-a37e-54adbab1d7d3}
- ^ http://people.bu.edu/kotlikof/New%20Kotlikoff%20Web%20Page/The%20Old%20South's%20Stake%20in%20the%20Inter-Regional%20Movement%20of%20Slaves,%201850-1860.pdf
- ^ http://noticiassecretas.blogspot.com/2009/07/la-tesis-doctoral-de-sebastian-pinera.html
- ^ http://biografias.bcn.cl/pags/biografias/detalle_par.php?id=226
- ^ (Spanish) http://www.lanacion.cl/prontus_noticias_v2/site/artic/20070820/pags/20070820210305.html
- ^ "The World's Billionaires" .
- ^ "LAN Airlines 2007 annual report, p. 29" .
- ^ [1]
- ^ http://ethisphere.com/insider-trading-global-push-continues-as-former-chilean-presidential-candidate-slapped-with-680k-fine/
- ^ (Spanish) http://www.lanacion.cl/prontus_noticias/site/artic/20070731/pags/20070731222739.html
- ^ Chile Is Ready to Elect a President Unlike Any Other - New York Times
- ^ http://online.wsj.com/article/SB126075115772389867.html?mod=googlenews_wsj
- ^ http://www.reuters.com/article/idUSN0922773120091209?type=swissMktRpt
- ^ http://pinera2010.cl/2009/12/13/himno-de-campana/
- ^ http://pinera2010.cl/2009/12/14/gracias-gracias-gracias/
- ^ http://cache.daylife.com/imageserve/09DZgcM3Zr1mQ/429x.jpg
- ^ http://www.livinginperu.com/news-10897-latin-america-chilean-candidate-pinera-says-hell-maintain-good-relations-with-peru-if-elected
External links
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