Manuel V. Pangilinan

From WikiPilipinas: The Hip 'n Free Philippine Encyclopedia


Birth-Name	Manuel V. Pangilinan
Born	July 14, 1946
Occupation	Businessman

Manuel V. Pangilinan (born July 14, 1946 in Manila), also known as MVP to associates and media, is the chairman of the Philippine Long Distance Telephone Company from 1990 up to the present and CEO of Hong Kong-listed First Pacific Company, Ltd. He is also a member of the University of the Philippines Board of Regents, the highest governing body in the UP System.

1 Background
2 Education
3 Career
4 Personal life
5 Awards and recognitions
6 Reference
7 Citation

[edit] Background

Pangilinan came from humble beginnings. He is like his grandfather and father who started at the bottom before making it to the top. His father was a messenger at the Philippine National Bank and retired as the president of the Traders Royal Bank. His grandfather started as a public school teacher until he became Secretary of Education.

[edit] Education

Pangilinan took his secondary education at San Beda College and his college degree from Ateneo de Manila University, both under scholarship programs. He also pursued a Master's Degree at the University of Pennsylvania's Wharton School of Economics as a scholar (he won from a national competition conducted by Procter and Gamble).

[edit] Career

He started as assistant to the president of Philippine Investment Management Inc. (Phinma), only earning PhP1,000 a month. Afterwards, he became an overseas Filipino worker in Hong Kong. He worked with Crown Colony where he met well-connected clients (who eventually became his friends) and learned the dynamics of international finance. Among those he befriended was Anthoni Salim, son of the Indonesian billionaire Liem Sioe Liong. They shared the idea of putting up a regional banking and trading business.

He served as First Pacific's managing director after founding the company in 1981, was appointed executive chairman in February 1999 and resumed the role of managing director and CEO in June 2003. The company acquired and gained majority control of PLDT in 1998. Pangilinan became the PLDT's president and CEO. He managed to restore the company's financial status and made it the country's second and third most profitable companies in 2005.

Former president Fidel Ramos praised Pangilinan (along with Enrique Razon, Jr., president of International Container Terminal Services Inc.) for being responsible corporate citizens. Makati Mayor Jejomar Binay also revealed in an interview that the only person he thought could have been a threat to his iron grip on the city (during the 2007 elections) was Manny Pangilinan. ^[1]

In 2009, Pangilinan played a key role in what the media dubbed the "Meralco takeover." ^[2] Together with the Lopez Family, PLDT under Pangilinan owns 47 percent shares of Meralco. This gives the Lopez-PLDT alliance majority share ownership of the electric company. The group that owns the next largest share of 43 percent is San Miguel Corp, under Ramon Ang ^[3].

[edit] Personal life

MVP loves sports, basketball and squash.

[edit] Awards and recognitions

Forbes magazine Heroes of Philanthropy 2009

[edit] Reference

^ "BINAY’S REVELATION PLDT’s Pangilinan would have been a more ‘formidable’ rival." (accessed on December 6, 2007).

Manuel V. Pangilinan (Accessed on July 27, 2007)
Who is (Accessed on July 27, 2007)
"." (accessed on December 6, 2007).
Gutierrez, Ibarra C. Making Yor Own, Manny Pangilinan. NEGOSYO. Quezon City: ABS-CBN Publishing, 2006.
"Forbes’ names 4 Pinoys Heroes of Philanthropy." GoodNewsPilipinas.com. (Accessed 09 March 2009)
48 "Heroes Of Philanthropy." Forbes.com. (Accessed 09 March 2009)

^ "Philippine Online Chronicles: The Meralco conquest, in summary."