Luis Fortuno was long overdue to appear on the cover of Infrastructure Investor.
Fortuno, elected Governor of Puerto Rico in 2009, was responsible for helping transform the Caribbean island and US territory into a booming public-private partnership (PPP or P3) market. In the fall of 2012, in the run-up to the general election, we wrote a 2,000-word feature article on Fortuno based on a face-to-face interview. That November, on the eve of his bid for re-election, Governor Fortuno graced the cover of ‘Issue 37’. He was removed from office a week later, losing to Alejandro Garcia Padilla by a margin of less than 1 percent.
Truth be told, we shrugged it off. Fortuno was a publicly elected official so always subject to the stark verdict of the ballot box. ‘Issue 39’ was when sat up and took notice. We’d interviewed Stephen Dowd, senior vice president for Ontario Teachers’ Pension Plan (OTPP) for a 2,000-word piece on Teachers’ direct investment programme and C$8.7 billion infrastructure portfolio. The next time we heard the name ‘Stephen Dowd,’ it was followed by the phrase, “…is no longer with Ontario Teachers’…” and that was less than a month after he had appeared on the cover of the February issue.
The last thing we want to do as professional journalists is come across as alarmist, nor do we want appearing on the cover of Infrastructure Investor to be seen as a guaranteed career-changer. As a footnote, both the Fortuno profile and Dowd article were written by senior reporter Chris Glynn. We are hoping we don't have to ask Chris to stand down from his keynote interview duties in order to reassure the market.