Crumbling Empire - This Business Mogul didn't train his children well. It is now clear that none of them are fit to take over the business "empire" of BM, who we hear is on the warpath and has fired, or is about to fire, some top executives for "disloyalty" (read: badmouthing the untalented siblings). BM should have found time to take care of the succession. Remember that old saying? The first generation, it is said, makes the money; the second expands the business; and the third generation loses it all. This empire might not even make it through the second generation. Someone should counsel the famously stubborn paterfamilias that keeping the home fires burning merely burn down the whole house. The betting within the empire is that the businesses will eventually crumble, no thanks to the inept generation.
Sunday
This "Empire" is History - by Ricardo V. Puno
Crumbling Empire - This Business Mogul didn't train his children well. It is now clear that none of them are fit to take over the business "empire" of BM, who we hear is on the warpath and has fired, or is about to fire, some top executives for "disloyalty" (read: badmouthing the untalented siblings). BM should have found time to take care of the succession. Remember that old saying? The first generation, it is said, makes the money; the second expands the business; and the third generation loses it all. This empire might not even make it through the second generation. Someone should counsel the famously stubborn paterfamilias that keeping the home fires burning merely burn down the whole house. The betting within the empire is that the businesses will eventually crumble, no thanks to the inept generation.
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Humility in high places
PEOPLE By Joanne Rae M. Ramirez Updated March 31, 2009 12:00 AM
Some men never let success go to their heads. Perhaps, that is why they are more successful than others.
On my return flight from Los Angeles to Manila, I was seated in the Mabuhay Class section beside businessman J. Castro of the Kylemed Group of Companies, a pharmaceuticals group. He has offices in both California and Metro Manila, so he shuttles between both places regularly.
California-based, he likes to take Philippine Airlines primarily because of the direct 12-hour flights from Manila to LAX, and back (though there are some flights to Manila that have to make a technical stop in Guam). He also likes arriving in Manila at the crack of dawn, refreshed after a good night’s sleep (the flight leaves LAX at midnight), and ready for a power breakfast meeting in Manila.
But now, he has another good reason for taking PAL.
Last November, he and his wife were traveling to Los Angeles from Manila on PR 102 and were seated on Row 4 of the newly-reconfigured Business Class section of the Boeing 747-400 that was assigned to their route.
After they were settled in their seats and just before take-off, they decided to try out the features of the high-tech seats of the reconfigured Boeing.
Alas, Castro’s seat wouldn’t recline. His wife’s seat also wouldn’t recline!
The flight attendants tried to help out, but it seemed these high-tech seats were not programmed to respond to manual manipulations. They were stuck. The plane was ready to take off and the Castros were faced with the prospect of an uncomfortable flight ahead.
The Castros politely but firmly told the flight purser that they wanted to be reseated.
The purser checked out the seating list but told the couple there were no other available seats that night. The Castros then told the purser that rather than endure a 12-hour flight sitting up straight for the price of a Business Class ticket, they would rather just disembark.
Only in the Philippines!!
2 Business Class Seats do not function and what we learn from this is ... HUMILITY.?!?!?!
What about LAWSUIT? Passengers deserve to get what they pay for, otherwise they sue PAL.
There are so many Customer Complaints against PAL nowadays, even Business Class is not spared.
Related ba ang Dong Puno article sa video na ito?
http://www.youtube.com/watch?v=JoYfoiT1unA
Naku po! Paano na maliligtas ang Pilipinas kapag wala na ang Lucio Tan Group of Companies?
Baka naman may sasalo ng unemployed workers... madami naman may kaya sa Pilipinas, e. Di lang naman si LT may kaya.
Maybe... time na rin for each and every Pinoy to establish themselves in their own micro-industries.
Kung may nakabili ng MERALCO, PLDT at PETRON
May makakabili rin ng kahit anong kumpanya sa Pilipinas
Feud Between Dr. Lucio Tan and Mr. Mariano Tanenglian Reaches World News Network
Article: http://article.wn.com/view/2009/05/31/Quo_vadis_Mariano_Tanenglian/
Other Stories:
http://article.wn.com/view/2009/05/24/Tanenglian_testimony_to_pin_down_Tan_Abcede/
Tanenglian testimony to pin down Tan -- Abcede
Journal Online
PRESIDENTIAL Commission on Good Government (PCGG) Commissioner Ricardo Abcede expressed belief that the testimony of Mariano Tanenglian will boost government efforts in the ill-gotten wealth cases against older...
http://article.wn.com/view/2009/06/06/Wary_of_Tan_s_brod/
Wary of Tan’s brod
Journal Online
THE Presidential Commission on Good Government expressed apprehension over using the estranged brother of taipan Lucio Tan as a state witness to confirm the testimony of the family of President Marcos that the...
http://article.wn.com/view/2009/05/20/War_of_Tan_brothers_heats_up/
War of Tan brothers heats up
Journal Online
By: Ryan Ponce Pacpaco THEY say “blood is thicker than water.” But this is not the case with business tycoon Lucio Tan and his younger brother, Mariano Tanenglian. Lawyers from...
http://article.wn.com/view/2009/05/29/Lucio_Tan_objects_to_prolonging_graft_trial/
Lucio Tan objects to prolonging graft trial
Inquirer
MANILA, Philippines—Lawyers of business tycoon Lucio Tan objected, on Thursday, to the government motion asking the Sandiganbayan for moretime to present witnesses in its case to go after his...
This is the full article by Ms. Ramirez. It is an article praising Mr. Tan for his humility and simplicity, but we know how some people can twist anything just to drive a point right?
http://www.philstar.com/Article.aspx?articleid=453713
(taking from where the article left off)
The Castros politely but firmly told the flight purser that they wanted to be reseated.
The purser checked out the seating list but told the couple there were no other available seats that night. The Castros then told the purser that rather than endure a 12-hour flight sitting up straight for the price of a Business Class ticket, they would rather just disembark.
The plane doors were already shut, but the Castros were adamant. I can imagine the purser’s dilemma, because when a passenger disembarks, his luggage has to be offloaded, too, and this could easily cause a delay of one hour. Stuck in an aircraft on the tarmac, the rest of the passengers were going to be more than irate.
The purser had to think fast. He then asked Mrs. Castro if she was willing to take the one empty seat on Row 1, probably one of the best two seats on the house. The seat beside it was occupied.
“No, I want to be seated beside my husband, or we both disembark,” she said, not willing to leave her husband on the immovable Row 4 seat.
The purser was left with one last choice. He then approached the passenger on Seat 1C and respectfully whispered something to him. The passenger on Seat 1C then stood up and walked to the Castros with a very apologetic look on his face.
The purser then told the Castros, “Mr. Lucio Tan will give up his seat for you.”
Part 3:
By this time the Castros had recognized the PAL chairman. They were stunned by his gesture, and by the expression on his face, which seemed to be more apologetic than annoyed. But since Mrs. Castro was not feeling well and could not really go 12 hours without reclining, they accepted the offer to exchange seats with the man who owned the airline.
Castro told me that each time he went to the toilet he would steal a glance at Tan, who was seating upright during the entire flight, sometimes with his eyes closed. Sometimes he would be scribbling on lined yellow paper. He didn’t use a laptop.
Sources in PAL say Tan gave up his seat because he didn’t want the flight to be delayed. It is said that he abhors delayed flights.
Thus, instead of inconveniencing all 400 passengers on the flight, he opted to inconvenience himself.
Granted that his decision was also a sound business decision — the airline would have lost money and a lot of goodwill with the delay — what was amazing was that he himself was willing to bear the cost (and I’m not just talking about a stiff neck) of his decision.
Tan is among the five richest men in the Philippines.
And the Castros remain among PAL’s many loyal customers.
* * *
Friends of Lucio Tan say that before becoming chairman of PAL, the taipan would fly Economy. The executives of his conglomerate would be on Business Class, and would be stupefied to see Tan on Coach. When his red-faced subordinates tried to convince him to move up to Business Class, Tan reportedly told them, “When we land, we will land in the same place.”
When I related the Castros’ story to Tan’s daughter Gigi Tan Yu, she was not surprised at all. “My father is really like that. He really has a heart that wants to serve. Imagine, he is 74 years old and he usually uses the time spent on long flights to rest. But he was willing to forego that and sacrifice his comfort for a PAL passenger.”
(Castro told me that he has encountered PAL executives who would not give up or exchange seats with a passenger).
Gigi also believes that her father “doesn’t want to erase or mask his humble beginnings. He is not averse to self-sacrifice.”
* * *
Nowadays, you hardly hear people complain that PAL is perennially late (remember when people used to joke that PAL stood for three words other than Philippine Airlines?).
Now, we know one reason why. Its chairman would rather seat upright for 12 hours straight than make one flight late.
I was seated beside Castro by chance and just got to know him on the last two hours of our flight back to Manila. But with his permission, I am sharing his story because it shows that humility still exists in high places — literally and figuratively.
(You may e-mail me at joanneraeramirez@yahoo.com)
Bravo!
PAL business class seats don't work. A great improvement!
To PAL: Please stop improving kawawa naman ang mga passengers.
Thank you pala from Cebu Pacific. You can collect another check from their office.
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For those whou believe, or pushing others to believe, that Lucio Tan is a philanthropist who bought U.E. to provide good eduction, you are wrong! That university was bought for a song from SSS/GSIS through corruption of his lapdog P.O.Domingo.
Read this.
Mongster Nest
Friday, 22 April 2005
Lucio Tan: When education becomes business
Not too long ago, it was Lucio Tan who holds the distinction as the most notorious capitalist-educator in the country. He boasted of turning the University of the East into a profitable school by charging higher fees and started the practice of collecting dubious charges such as aircon fee. Today UE is still making money but enrollment has dwindled and student rights such as freedom of assembly are violated.
Lucio Tan's notoriety of exploiting schools for profit is obscured by the accolade he receives in the media for being a "philanthropist and benefactor" of many education programs.
Lucio Tan’s success in reinventing his image from a tax evader and Marcos crony to an avid promoter of education while earning big money has inspired other wealthy businessmen to invest in education as well. Senator Recto once exposed that the motive of these new school owners is to apply for tax discounts.
Studies must be made to determine the impact of corporatization of our schools especially in the light of the government policy of pressuring state universities to be operated as semi-corporatized institutions.
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