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Chilean President Michelle Bachelet, seen in Guatemala City on January 30, 2015, scoffed at speculation that she would resign over a financial scandal involving her son that has taken a heavy toll on her popularityChilean President Michelle Bachelet scoffed Wednesday at speculation that she would resign over a financial scandal involving her son that has taken a heavy toll on her popularity. Bachelet has seen her popularity plunge to 30 percent since revelations emerged that her eldest child, Sebastian Davalos, attended a November 2013 meeting between his wife, Natalia Compagnon, and Andronico Luksic, the vice president of Banco de Chile and one of the country’s richest men. Her company used the money to buy land in central Chile that was then re-zoned for building construction, enabling the firm to sell it at a $5-million profit.

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