Road To Rio: Brazil’s Path To 2016 Summer Olympics Paved With Turmoil

Pinning business woes on a feckless government can sometimes stretch the bounds of logic, but Robert Mangels can make a pretty persuasive case from where he’s sitting in São Paulo, Brazil.

The CEO of Mangels Industrial, a metalworking company, Mangels steered his family business into “judicial recuperation” — Brazil’s version of the U.S. Bankruptcy Code’s Chapter 11 — in late 2013. He then squeaked through 2015 by paying the firm’s creditors on time and paying careful attention to the bottom line.