Thursday, October 22, 2020

NPP Candidate for Governor Proposes Corporate Tenets for Government Plan

By on October 14, 2020

Editor’s note: This report first appeared in the Oct. 15-21, 2020, issue of Caribbean Business.

By Yanira Hernández Cabiya and Agustín Criollo Oquero

If he were to win the elections on Nov. 3, it would technically be the second time he took office. The first was his brief stint after the resignation of Ricardo Rosselló in August last year. Perhaps it was that experience that led Pedro Pierluisi, who views his role as chief executive as that of a chief executive officer (CEO) whose main objective is to ensure the efficient operation of all public agencies and instrumentalities. 

In an interview with Caribbean Business, the former resident commissioner and former secretary of Justice stressed that he is the ideal person to achieve this task because, in addition to knowing how the government works, his experience advising private companies in different areas of their operations provides him with the proper background to establish a work structure that produces results. 

In that sense, it is precisely his experience in Washington, D.C. for two consecutive terms (2009-2016) that gives him the benefit of knowing how things work as relates to Puerto Rico affairs in the halls of Congress and the White House, but at the same time may prove to be his Achilles heel for having participated in the creation of the Puerto Rico Oversight, Management and Economic Stability Act (Promesa), to later become an attorney for the Financial Oversight and Management Board, which was established by that federal law to restructure the island’s public debt. 

To this end, in 2016, while the legislation to create Promesa was being discussed in the U.S. House of Representatives, discussions in which Pierluisi took part, the New York Times published an investigative article on possible conflicts of interest related to the clients of his wife at the time.

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