Most of us know Jaime Augusto Zobel de Ayala, Danding Cojuangco, Tony Tan Caktiong, Manny Pangilinan, Andrew Tan and various others who head the largest corporations in the Philippines. We know how daunting their task is of managing their companies on a daily basis striving to achieve profitability and to maximize their shareholders’ wealth.
Given the enormity of their roles, we are curious: How much are they paid as President or Chief Executive Officers of these companies?
Steve Jobs, 56, dies from cancer
Steve Jobs, the legendary icon behind Apple Inc., is dead.
The company announced today that Steve Jobs has passed away after years of battling cancer.
In 2004, Jobs announced that he has been diagnosed with a cancerous tumor in his pancreas and in 2009, he was forced to get a liver transplant. After several years of failing health, Jobs resigned as CEO of Apple Inc. on August 24, 2011.
Manny Pangilinan to buy Philippine Airlines (PAL)?
Manny V. Pangilinan (MVP) is on a buying spree.
Through his holding firm Metro Pacific Investments Corp. (MPI), MVP acquired the following:
- telecommunication company PLDT in 1988;
- water concessionaire Maynilad in 2006;
- the Manila North Tollways in 2008;
- the Philippines’ largest mining company Philex in 2009
- power distribution company Meralco in 2009;
- hospital Makati Medical Center in 2009;
- broadcast network ABC5 (now TV5) also in 2009
Now it appears that MVP wants to add in this portfolio another company that is significant to most Filipinos. Rumor has it that he is already in talks to buy the country’s flag carrier, Philippine Airlines or PAL.
[Top 10 Most Shocking Photos] World Trade Center 9/11 attack in 2001
Today, exactly 10 years ago, is a day billions of people around the world will never forget.
On September 11, 2001, more than 3,000 people died when four airplane suicide attacks hit the United States. Primary targets were the two towers of the World Trade Center (WTC) in New York City and the U.S. Pentagon.
As we commemorate today the 10th anniversary of the said attacks, we relive the memories below in the 10 moving and very powerful images of the 9/11 terror attack in the World Trade Center.
Only 38k Filipinos will become millionaires by 2015
Only 38,000 Filipinos or roughly 0.04% of the Philippine population will become millionaires (in US$) by the year 2015. This is according to a report published by Julius Baer, a Swiss private banking group.
The report determined which countries in Asia will produce the most number of high networth individuals, or people with net worth of at least US$1 million (PHP42.5 million).
Pancake House pays P800 million to acquire Yellow Cab
The Yellow Cab pizza chain is now owned by the Pancake House Group.
Most Filipinos would probably be surprised about the news because a lot of people thought Yellow Cab is an international brand. In reality, though, Yellow Cab is a Philippine pizza chain that merely successfully marketed itself as a New York City-based franchise.
Now, Yellow Cab is a wholly-owned subsidiary of the Pancake House Group (Stock Code: PCKH) after the latter paid the owners of the local pizza company a total of P800 million.
Agri-Nurture (ANI) buys Big Chill fruit juice company
Food producer and trader Agri-Nurture Inc. (ANI) recently announced it is acquiring a majority stake in The Big Chill Inc. (TBC), a local seller of fruit juice and food products.
In a disclosure to the Philippine Stock Exchange, ANI said it would own 51% of TBC after making a cash payment of P20 million to the company.
[PHOTOS] Hurricane Irene hits U.S. East Coast
Hurricane Irene, the first major hurricane of the 2011 season, made landfall in the United States East Coast over the weekend causing at least 15 deaths, severe flooding, and widespread destruction in several U.S. states, with financial losses estimated to reach around $5-10 billion.
Hurricane Irene first made landfall over Eastern North Carolina and Southeastern Virginia on August 27 destroying buildings and leaving millions without power. It made its second landfall in New Jersey on August 28, the first hurricane to make a landfall in the Garden State in more than century. Its third landfall was in New York, where more than 370,000 residents were told to evacuate in anticipation of the hurricane.