1999

In Brazil, Rio's privatized electric company named, "Rio Light," is responsible for repeated blackouts in neighborhoods. The company blames the weather in the Pacific Ocean for the blackouts, when Rio is on the Atlantic. The blackouts wouldn't have anything to do with the fact that after privatization Rio Light axed 40% of the company's workforce would it? No problem for Rio Light, as a result of that their share price went up 33%.