Manuel Adorni submitted his resignation from the board of YPF, thus closing his brief and scandalous stint at the state-owned oil company. He did so just days after leaving the Cabinet Chief position, amid a political crisis and a judicial investigation for alleged illicit enrichment.
The resignation letter was addressed to Horacio Marín, president of YPF, and formally communicated to the board. A move that was only a matter of time after Javier Milei himself anticipated his departure: «He’s already out,» the president had said on television.
Adorni’s resignation is the logical consequence of a government sinking in credibility under the weight of its own contradictions and scandals. From the ruling party, they try to portray this exit as an episode of personal wear and tear and media attacks, but the reality is that the judicial investigation into suspicious asset movements, purchases with public employee cards, and real estate operations with private mortgages left him cornered. Adorni, in his public letters, tried to play the victim, speaking of a «media slaughter» and denying any act of corruption, but the mood in the Government was one of relief: «oxygenation» and «relief» were the most heard words in official offices after his resignation.
The position for which he had been appointed at YPF is another example of how the regime of business and privilege works, which, despite claiming to fight, Milei and his officials are part of: according to official estimates, the position of Full Director for Class A exceeds 93 million pesos per month. It is worth clarifying that due to his appointment as Cabinet Chief, he was not receiving that salary, but it is the amount that officials who sit on the Board in the same position he held receive, thanks to the decision of the libertarian administration. A discretion in the management of funds, combined with the payment of millions in advertising in tabloids, among others. All with public funds, all with your money.
In total, there are 11 full directors, six alternates, and a budget for fees and operations of 14 billion pesos for 2026. The other directors represent both the ruling party and the oil-producing provinces. Several former officials, such as Guillermo Francos and Lisandro Catalán, remain in their positions despite having left their executive roles, demonstrating how seats on public company boards serve as a refuge for friends of power.
The appointment of the new Cabinet Chief, Diego Santilli, who will take Adorni’s place on the board (also without collecting fees, at least for now), does not change the underlying logic: YPF continues to be managed by executives and officials more concerned with their own and others’ business than with the national interests and those of the vast majority of workers in this country.
jajaja mira vos 95 palos por mes y estos zurdos de mierda hablando de privilegios adorni renuncia porque es un capo no como la casta chorra viva la libertad carajo para mi esto es puro verso de los kukas
Para mí esto huele a cortina de humo. Adorni se llenó los bolsillos con 95 palos por mes y ahora se hace el héroe. La izquierda tiene razón: son todos unos chorros, la misma casta de siempre. ¡Qué asco me dan estos farsantes!