tag:blogger.com,1999:blog-3075806794834383096.post9114097320435439930..comments2022-09-25T11:14:45.686+01:00Comments on Truth About Lucio Tan - 真正的陳永栽: Tobacco giants Fortune, Philip Morris to mergeUnknownnoreply@blogger.comBlogger9125tag:blogger.com,1999:blog-3075806794834383096.post-76757043676137829322010-03-04T02:11:01.050+00:002010-03-04T02:11:01.050+00:00Somebody is not happy. Somebody has been left out ...Somebody is not happy. Somebody has been left out of the biggest deal of the yearAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3075806794834383096.post-21884346199914134802010-02-26T04:44:07.111+00:002010-02-26T04:44:07.111+00:00The market logic may be compelling for both groups...The market logic may be compelling for both groups, but the deal has come as a surprise for Mr Tan’s associates.<br /><br />They say that to enter into equity joint ventures with a strategic partner does not seem to fit the style of the 75-year tycoon who during the last five decades has built many of his businesses from the ground up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3075806794834383096.post-87398154805713377802010-02-26T04:43:29.422+00:002010-02-26T04:43:29.422+00:00The deal could allow Mr Tan to leave his flagship ...The deal could allow Mr Tan to leave his flagship company in able hands, defusing a potentially divisive succession issue. Last year, a rift prompted a younger brother, Mariano, to turn against Mr Tan, offering to give evidence in a government case against the businessman.<br /><br />“It reflects a possible strategic move to ensure long-term stability of his [business] empire because he knows his kids and siblings may not be as good as he is in running businesses,” says Wilson Lee Flores, a business commentator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3075806794834383096.post-46281678268504677642010-02-26T03:02:27.359+00:002010-02-26T03:02:27.359+00:00http://news.google.com/newspapers?id=RFM1AAAAIBAJ&...http://news.google.com/newspapers?id=RFM1AAAAIBAJ&sjid=ZyUMAAAAIBAJ&pg=2737%2C3428536Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3075806794834383096.post-81842684864487669422010-02-26T02:29:26.963+00:002010-02-26T02:29:26.963+00:00But so far, family disputes have prevented a clear...But so far, family disputes have prevented a clear succession. With the succession unclear, and with his health reportedly failing, Tan seems to have opted to gradually sell his tobacco business.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3075806794834383096.post-28910813198208432212010-02-26T02:28:03.136+00:002010-02-26T02:28:03.136+00:00Mariano was expected to run the Tan empire until t...Mariano was expected to run the Tan empire until the lines of succession between his numerous children became more clear.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3075806794834383096.post-7315911860400008002010-02-26T02:27:20.417+00:002010-02-26T02:27:20.417+00:00Critics: Philip Morris, Fortune merger will lead t...Critics: Philip Morris, Fortune merger will lead to more corruption, less tax collection.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3075806794834383096.post-87479534566571356922010-02-26T02:24:23.882+00:002010-02-26T02:24:23.882+00:00Tan was granted concessions by former President Fe...Tan was granted concessions by former President Ferdinand Marcos that resulted in a virtual monopoly for over 4 decades. -Lala Rimando, abs-cbnNEWS.com/NewsbreakAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3075806794834383096.post-71962532228548063932010-02-26T02:22:31.722+00:002010-02-26T02:22:31.722+00:00"The stories in the Chinese business communit..."The stories in the Chinese business community are that Mr. Tan is aging, he's not in good health, and he's had succession problems. It's not clear at this point who is going to take over. He's had disputes with his brother, so given the lack of clarity about succession and his health, the decision was made to go with this merger," Carandang said.<br /><br />Carandang said there was also talk in the Chinese community that "Mr. Tan was apparently the first to approach Philip Morris about this deal."Anonymousnoreply@blogger.com