After heated clashes, the son threatened to leave the company.
Rather than see this happen, Antonio Semler resigned as CEO and vested majority ownership in his son in 1980 when Ricardo was 21 years old.
Nascimento spent the following seasons on loan at Penafiel followed by Portimonense.
He then returned to Brazil before embracing Romanian football with Astra Giurgiu.
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On his first day as CEO, Ricardo Semler fired sixty percent of all top managers.
He began work on a diversification program to rescue the company.
The Wall Street Journal America Economia, The Wall Street Journal's Latin American magazine, named him Latin American businessman of the year in 1990 and he was named Brazilian businessman of the year in 19.
Virando a Própria Mesa ("Turning the Table on Yourself"), his first book, became the best selling non-fiction book in the history of Brazil.
As the leading Brazilian dating site, we successfully bring together singles from around the world.