Sobolewski looking for a new job, in Dubai

The position of CEO of the Bucharest Stock Exchange doesn't seem to satisfy Ludwik Sobolewski anymore, who has begun browsing job boards, looking for jobs available in Dubai and Abu Dhabi.

Sobolewski has proved that he is interested in work offers when he accepted to be the CEO of the Romanian Postal Office, shortly after he joined the BSE.

Perhaps the successful management that he has applied to the BSE is making Sobolewski look for jobs. From within the BSE, he has a very clear image on how much longer the company can work.

Coincidentally, the fact that he is looking for a job supports the idea put forward by Oana Petrescu, the Deloitte representative, that the BSE needs to be liquidated.

In the editorial meeting, MAKE, the president of the "BURSA" press group, said: "I have no proof that Sobolewski is following an evil plan, but it kind of looks like he is. Undoubtedly, he is not with his heart and soul with the BSE, he is an outside entity, living in a body without antibodies".

Sobolewski's "knight in shining armor" aura has started to fade lately, as some shareholders have become unhappy, claiming that he has failed to meet their expectations.

The liquidity of the BSE has been dropping heavily since last year, as the Exchange has not had any IPO, this year.

Aside from the consistent wage, the BSE director has earned a bonus of 150,000 Euros, for the three months of work he delivered in 2013, as most of the performance criteria had already been fulfilled by the time he was hired, and a bonus of over 300,000 Euros for 2014, for results that were helped by the listings of state-owned companies and of the Proprietatea Fund.

Amid the drop in trading volume, the chances of Sobolewski getting his bonus in 2015 have also diminished considerably, that is unless the contract of the CEO has been changed, which BURSA published, but which the officials of the BSE are keeping secret despite the shareholders' requests.

The prospect of lower earnings at the BSE would be a reason for Sobolewski to look for a change.

BSE shareholders have been summoned today to vote on the decision to switch to the two-tier management system. Some are saying that Sobolewski's seat is at stake, as the SIFs want a greater influence over the Stock Exchange, while, on the contrary, others claim that he is negotiating his continuity and that he has significant allies.