The loss of Section 936 tax breaks, combined with overly indulgent local labor laws and a federal policy that encourages people to stay on the dole rather than work, have all contributed to Puerto Rico’s current fiscal nightmare.
A recent study by Universia shows that 39 percent of Puerto Rico’s youth and student population is looking to improve their salaries, while 23 percent are looking to get promoted.
The private sector has been actively appointing new executives to high-ranking positions in a broad spectrum of industries. Following are several announced in recent months.