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Sunday, August 25, 2013

WHAT YOU WILL FROM SIR MANNY PANGILINAN "CHAIRMAN PLDT AND SMART"

Manuel V. Pangilinan

From Wikipedia, the free encyclopedia
Manny V. Pangilinan
Spo3zj8.jpg
BornManuel Velez Pangilinan
July 14, 1946 (age 67) [1]
Cebu CityPhilippines
OccupationChairman, PLDT-Smart
ABC Development Corporation(TV5)
Cignal Digital TV
Net worth$508M
Manuel V. Pangilinan (born July 14, 1946 in ManilaPhilippines), also known as Manny Pangilinan and MVP, is a Filipinobusinessman of the Philippines. He is the Chairman of the Philippine Long Distance Telephone Company, from 1998 up to the present.
Pangilinan spent his elementary and high school days at San Beda College. He graduated cum laude from the Ateneo de Manila University with a Bachelor of Arts degree in Economics. He received his MBA degree in 1968 from the Wharton School of the University of Pennsylvania.[2] He is also the owner of ABC Development CorporationCignal Digital TV and Smart Communications. He was the former Chairman of the Board of Trustees of Ateneo de Manila University.

Current investments[edit source | editbeta]

Pangilinan founded First Pacific in 1981 and served as its Managing Director until 1999. He was appointed as Executive Chairman until June 2003, when he was named CEO and Managing Director. Within the First Pacific Group, he holds the positions of President Commissioner of P.T. Indofood Sukses Makmur Tbk, the largest food company in Indonesia. He was named Chairman of Philippine Long Distance Telephone Company (PLDT), after serving as its President and CEO until February 2004. He also serves as Chairman of Maynilad Water Services, Inc., Metro Pacific Tollways Corporation, Medical Doctors, Inc., Metro Pacific Investments Corporation, Landco Pacific Corporation, Pilipino Telephone Corporation, Smart Communications, Inc. and Manila Metro Rail Transit System.[3]

2013 FIBA Asia Championships Manila[edit source | editbeta]

In January 10, 2013, Pangilinan tweeted his followers:
“Yes, we will host FIBA Asia Championship here in Manila this August. Last we hosted was 1973 - 40 years ago.”
The official tweet from the Chairman of the “Samahang Basketbol ng Pilipinas” which represents the country in the Federation of International Basketball Association (FIBA) was “re-tweeted” hundreds of times, as the nation welcomed the rare opportunity to host a prestigious tournament and Rio-Brazil 2016 qualified.[4]
Slated in August 1-12, it is also the first time in 40 years that the Philippine team gets a “home-court advantage,” despite being the second only to China in FIBA Asia Championship history. The Philippines has won the crown five times, topping the inaugural tourney held in Manila in 1960, repeating in 1963 in Taipei and in 1967 in Seoul.
In Manila in 1973, the Philippine Team bagged the gold with a 10-game sweep. 
The Philippines had been the region’s most dominant team until the National team’s decline beginning in 1975 and attributed to the formation of a professional league. As the country’s best players turned Pros, China took over, lording over all but four of the next 19 editions of FIBA Asia.[5]

2012 Telco CEO joins Twitter[edit source | editbeta]

In August 24, 2012, at the Philippines Internet and Mobile Marketing Association Summit (IMMAP) in Manila, a 66-year old Pangilinan surprised the audience as he announced he was activating an official account on the social media platform Twitter. 
Taking a line from a wildly viral pop song and video, Pangilinan then rapped: “Hey I just met you—and this is crazy, but here’s my Twitter (handle) – Follow me, maybe?[6]
More than 10,000 people followed his Twitter account @iamMVP that day, of which the widely-circulated Philippine Daily Inquirer said: “Philippine Long Distance Telephone Co. (PLDT) chairman Manuel V. Pangilinan became the first top corporate head honcho to join social networking site Twitter, showing everyone exactly why he leads the country’s largest telco.”
As of this writing he has 56,800+ followers – the most of any Philippine CEO andBusinessman of Pangilinan’s stature.

2010 Ateneo commencement address[edit source | editbeta]

MVP Center for Student Leadership,Ateneo de Manila University.
During the Ateneo de Manila University graduation rites on March 26 and 27, 2010, Pangilinan was invited to deliver a speech for the graduating class, after being awarded an honorary degree in recognition of his services and contributions to the University. The speeches caused controversy as various parts of them were found to have been lifted from similar graduation speeches made by Oprah Winfrey,Barack ObamaJK Rowling, and Conan O'Brien.[7][8][9] Pangilinan openly admitted to the act in a written apology to Fr. Bienvenido NebresSJ, President of the Ateneo de Manila University, and offered to resign from his official duties in the school out of "deep personal embarrassment." [10] Fr. Nebres's immediate reaction was not to accept Pangilinan's resignation, but to defer judgment to his board.[11]

Company Ownership[edit source | editbeta]

CompanyPositionSharePresident/CEO
Philippine Long Distance Telephone Company (PLDT)Chairman100%Napoleon L. Nazareno
ABC Development Corporation (TV5)ChairmanMediaQuest Holdings, Inc.100%Atty. Reynaldo Espinosa
Smart CommunicationsChairman100%Lp Tonquin Jr.
SPi GlobalChairman20%Maulik Parekh
MeralcoChairman47.6%[citation needed]Oscar S. Reyes
Stradcom International Holdings Inc.ChairmanePLDT 9.5%=172.8 million[12]
CURE Inc. (Connectivity Unlimited Resource Enterprise, Inc.) (Red Mobile)Chairman100%Eric O. Recto
San Beda CollegeChairman Board Of TrusteesAtty. Rookie Jocson
First Pacific[13]CEO
Cignal Digital TVChairmanMediaQuest Holdings, Inc.
Pilipino Telephone Corporation (Piltel) (Talk 'N Text)ChairmanSmart Tel. 99.50%Napoleon L. Nazareno
First Pacific Tollways CorporationChairmanMetro Pacific Investments Corporation
Metro Pacific Investments CorporationChairmanJose K. Ma. Lim
Philex Mining CorporationChairman
Digital Telecommunications Philippines(Sun Cellular)ChairmanPLDT: 51.55%Arnold Diamante
Holy Angel University (HAU)Chairman Board of TrusteesDr. Arlyn S. Villanueva
Tollways Management CorporationCEOM.V.P.

Meralco Leadership[edit source | editbeta]

Manny Pangilinan is planning to build an elevated highway connecting the North Luzon and South Luzon Expressways through his company, the Metro Pacific Tollways Corporation. Pangilinan-led company Metro Pacific Investment Corporation had invested in different utility companies in the Philippines such as Makati Medical Center in Makati City, Cardinal Santos Medical Center, Davao Doctors Hospital in Davao CityMaynilad a water utility system serving western Metro Manila and the biggest competitor of Manila Waters Incorporated, an Ayala-led company which is serving the eastern part of the metro., Manila North Harbour Management, Metro Pacific Tollways Corporation, and Meralco or Manila Electric Company a Lopez-led Company which is reported that effective on July 1, 2010, Manuel V. Pangilinan is the new President and Chief Executive Officer of the company while Manolo Lopez is the chairman. MVP owns more than 40% of Meralco through PLDT/MPIC/ and Piltel Group with Ramon S. Ang, the President and CEO of San Miguel Corporation, who also has a 27% share of the company. After the stockholder's meeting last May 2012, Manuel V. Pangilinan was named Chairman and Oscar S. Reyes is the new President & Chief Executive Officer effective July 1, 2012.

Interest on Sacramento Kings[edit source | editbeta]

Manny V. Pangilinan wants a majority stake if he finally decides to accept an offer to join a group of investors that will take over the struggling Sacramento Kings in the NBA. “I have to admit, the idea is very titillating,” Pangilinan said during a recent briefing where he confirmed rumors that he had been invited to help keep alive the franchise of the financially strapped Kings. As he does with most of his business ventures, however, he said he would not settle for being a passive investor. “If we proceed, we’ll be seeking a majority stake,” said Pangilinan, who owns the Talk 'N Text Tropang Texters and the Meralco Bolts in the Philippine Basketball Association and heads the Samahang Basketbol ng Pilipinas, the governing body in amateur basketball. “Whether we do it or not, it’s a great idea for a Filipino group to own an NBA team,” he said, adding that this would eventually open up the doors to having Filipino players or team coaches. “It’s a great tribute to the country,” added Pangilinan. He said the group of investors was organized by retired former NBA All-StarChris Webber, who was part of the Kings from 1998 to 2005. Webber met with Pangilinan, chair of the PLDT—among other firms—during a recent trip to Sacramento, where he visited the Kings’ home stadium, the Arco Arena. He said he would need to invest between $200 million and $260 million for a stake in the Kings, and that this would be done in his personal capacity. “That’s the ballpark figure [involved],” Pangilinan said. If a deal pushes through, this will make him the first Asian to control an NBA franchise. From one of the best teams in the NBA from 2001 to 2003, the Kings slowly lost their vaunted strength, and earlier this year failed to make it into the NBA playoffs. The Kings have been suffering from financial losses in the past few years due to the team’s relatively poor performance. The team is owned by the group of California businessman George Maloof Sr., which, due to its interests in US real estate, has had its own money troubles.[14]

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