Editing Embraer (section)

===Privatization===
Born from a Brazilian government plan and having been state-run,<ref name= oecd /> Embraer eventually started a privatisation process in 1992 alongside other state-run companies, such as [[Telebrás]] and [[Vale S.A.|Vale]]. Privatisation was a key policy of the economically liberal government of [[Fernando Collor de Mello|Fernando Collor]], elected in the [[1989 Brazilian presidential election|1989 presidential election]].<ref name=":4">{{Citation |title=Brazil on Road Peddling State-Owned Enterprises |edition=final |first=John |last=Eckhouse |newspaper=The San Francisco Chronicle |place=San Francisco, [[California|CA]], [[United States of America|US]] |date=January 12, 1991 |page=B.1}}.</ref>

Embraer was sold to private investors on December 7, 1994,<ref name=time/><ref name=":5">{{cite journal |last1=Anuatti-Neto |first1=Francisco |last2=Barossi-Filho |first2=Milton |last3=Carvalho |first3=Antonio Gledson de |last4=Macedo |first4=Roberto |title=Os efeitos da privatização sobre o desempenho econômico e financeiro das empresas privatizadas |trans-title=The effects of privatization on the economic and financial performance of privatized companies |language=pt |journal=Revista Brasileira de Economia |date=June 2005 |volume=59 |issue=2 |doi=10.1590/S0034-71402005000200001 |doi-access=free}}</ref> which helped it avoid a looming bankruptcy.<ref name= oecd /> The Brazilian government retained interest through possession of [[golden share]]s, which allow it veto power.<ref name=MM>{{Citation |title=Corporate Governance |first1=Robert AG |last1=Monks |first2=Nell |last2=Minow |publisher=John Wiley & Sons |year=2008 |pages=356–59}}</ref> Embraer continued to win government contracts throughout the 2000s and 2010s.{{Citation needed|date=October 2010}}