{"id":2988,"date":"2009-05-10T20:59:09","date_gmt":"2009-05-10T18:59:09","guid":{"rendered":"https:\/\/english.martinvarsavsky.net\/?p=2988"},"modified":"2009-05-10T20:59:09","modified_gmt":"2009-05-10T18:59:09","slug":"santander-is-placing-real-estate-with-its-employees","status":"publish","type":"post","link":"https:\/\/english.martinvarsavsky.net\/?p=2988","title":{"rendered":"Santander is placing real estate with its employees"},"content":{"rendered":"<p>Santander from Spain is <a href=\"http:\/\/finance.yahoo.com\/q?s=STD\">one of the most valuable banks in the world<\/a> by market cap.  Indeed if it were a US bank it would be the third most valuable bank in America.  That is truly remarkable for a Spanish bank.  But today I read a<a href=\"http:\/\/www.expansion.com\/2009\/05\/10\/empresas\/banca\/1241951274.html\"> piece of news that intrigued me<\/a>.  That in order to get rid of real estate that it got as a result of bad loans it sells apartments at a discounts to its employees and relatives of its employees.  Personally I think that having a loan portfolio that is exposed to your own employees is not a great idea.  Neither is the concept of favoring your employees over your customers or anyone else for that matter.  If I were a shareholder of Santander I would just want Santander to sell its real estate at the best available price in the marketplace.<\/p>\n<div id=\"mainphotoarea\"><\/div><div class=\"theme-buttons\"><div class=\"fb-like\" data-href=\"https:\/\/english.martinvarsavsky.net\/?p=2988\" data-send=\"false\" data-layout=\"box_count\" data-width=\"71\" data-show-faces=\"false\" data-font=\"arial\" data-locale=\"en_US\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Santander from Spain is one of the most valuable banks in the world by market cap. Indeed if it were a US bank it would be the third most valuable bank in America. That is truly remarkable for a Spanish bank. But today I read a piece of news that intrigued me. That in order [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=\/wp\/v2\/posts\/2988"}],"collection":[{"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2988"}],"version-history":[{"count":0,"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=\/wp\/v2\/posts\/2988\/revisions"}],"wp:attachment":[{"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.martinvarsavsky.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}