In a long career in business, finance and government in Brazil, Francisco Gros has always stood out as a patrician and something of a patriot in a country that tends to scorn such values. Gros has worked as president of Aracruz Celulose, a big paper pulp exporter, served twice as central bank president and then headed Morgan Stanley's office in São Paulo. President Fernando Henrique Cardoso picked Gros to run BNDES, the national development bank, in 2000 and then moved him to Petrobras, the national oil company, in the final year of his presidency. Gros clearly likes basic industries. He took over as president of Fosfertil, a fertilizer company in São Paulo, after leaving Petrobras when...
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