Data show that 49-year-old Federico Lopez earns the most both in terms of monthly salary and total compensation in 2011. In the 30-company PSEi list, Lopez is head of two firms: First Gen Corporation (FGEN) and Energy Development Corporation (EDC). As Chairman and CEO of FGEN, his basic monthly salary is around P1.79 million. Yup, that’s P1.79 million basic salary per month. He receives another P1.19 million per month as bonus and additional compensation. All in all, he gets more than P3 million every month as FGEN’s chief executive.
The same position in EDC gives him an additional P1.4 million every month. Considering only these two companies, Lopez earns roughly P4.4 million monthly — more than any other CEO on the list.
Federico Rufino Lopez is the incumbent Chairman and Chief Executive Officer of the publicly-listed Energy Development Corporation. He also heads the First Philippine Holdings Corporation and First Generation Corporation as their Chief Executive Officer. Lopez serves as Director of other Lopez-owned companies including ABS-CBN, Lopez Holdings Corporation (formerly Benpres Corporation), and First Private Power Corporation.
Lopez serves as the Chairman and CEO of Energy Development Corporation. Within the board, he serves as Chairman of Nominations and Compensation Committee, Chairman of Corporate Social Responsibility Committee and Member of Operations Committee.
He has been a Board Member since the company’s privatization in 2007.
Lopez serves as the Chairman and CEO of Energy Development Corporation. Within the board, he serves as Chairman of Nominations and Compensation Committee, Chairman of Corporate Social Responsibility Committee and Member of Operations Committee. He has been a Board Member since the company’s privatization in 2007.
Prior to that, he served Vice President of First Philippine Holdings Corporation in September 1992, and oversaw the development, financing and implementation of its energy-related projects. He then served as the Assistant Treasurer in 1993.
At present, he is also the Chairman and CEO of First Gen Corporation and First Philippine Holdings Corporation (FPHC). He is also a director of ABS-CBN, First Private Power Corp., and Bauang Private Power Corp. He also serves as director, President and CEO of FG Bukidnon Power Corp., First Gen Hydro Power Corp., First Gen Energy Solutions, Inc., Red Vulcan Holdings Corp., Prime Terracota Holdings Corp., First Gas Holdings Corp., First Gas Power Corp., FGP Corp., Unified Holdings Corp., First NatGas Power Corp., and First Gas Pipeline Corp.
Lopez has been a member of the Energy Task Force since 1993 promoting market reforms in the power industry. He is also an environmentalist, serving as the President of the First Philippine Conservation, Inc. and a Director of Conservation International.
The sixth richest Filipino, Jaime Augusto Zobel de Ayala, is the second-highest paid CEO on the list. As Chairman and CEO of the conglomerate Ayala Corporation, he earns more than P2.42 million total compensation every month, inclusive of a monthly basic salary of P1.66 million.
Jaime Augusto Zobel de Ayala (born 1959) is a Filipino businessman. He currently serves as chairman and chief executive officerof the Ayala Corporation. His brother, Fernando Zobel de Ayala, is president of the corporation, while his father, Jaime Zobel de Ayala, was president until 1994 and currently holds the title of chairman emeritus.
In addition to his position in the Ayala Corporation, Mr. Zobel is chairman of the Board of Directors of Globe Telecom, Bank of the Philippine Islands, and Integrated Microelectronics Inc. (IMI); vice chairman of the Board of Directors and member of the Executive Committee of Ayala Land, Inc. (ALI); vice chairman of Manila Water Co.; and co-vice chairman and trustee of Ayala Foundation, Inc. He is also a member of various international and local business and socio-civic organizations including the J.P. Morgan International Council, Mitsubishi Corporation International Advisory Committee, Toshiba International Advisory Group, Harvard University Asia Center Advisory Committee, Board of Trustees of the Asian Institute of Management, National Council member of the World Wildlife Fund (US), and Chairman of World Wildlife Fund (Philippines).
Honors include World Economic Forum Global Leader for Tomorrow in 1995; Emerging Markets CEO of the year in 1998 (sponsored by ING); Philippine TOYM (Ten Outstanding Young Men) Award in 1999 and Management Association of the Philippines Management Man of the Year Award in 2006. Most recently, Mr. Zobel was awarded the Presidential Medal of Merit on March 11, 2009 by Philippine President Gloria Macapagal Arroyo for “enhancing the prestige and honor of the Republic of the Philippines both at home and abroad.”
On September 27, 2007, Ayala Corp. chair Jaime Augusto Zobel de Ayala was conferred the Harvard Business School’s highest honor, the Alumni Achievement Award, byDean Jay O. Light. The award was also given to: Donna Dubinsky, A. Malachi Mixon of Invacare, Sir Martin Sorrell of WPP Group and Hansjorg Wyss of Synthes. Zobel de Ayala received his MBA from HBS in 1987. Zobel de Ayala was cited for “his innovative, entrepreneurial style of management (that) has benefited both Ayala and an island nation that faces significant social and economic challenges. He is the first Filipino to receive this prestigious award.
The Philippine Legion of Honor with rank of Grand Commander was awarded to Mr. Zobel on June 29, 2010. This is awarded by the President of the Republic of the Philippines to recognize outstanding public service that has benefitted the republic, particularly in the preservation of the honor of the country and in nation building.
On November 25, 2010, Mr. Zobel received the Asia Talent Management Award at the 9th CNBC Asia Business Leaders Awards held in Singapore. Mr. Zobel was recognized for “his personal involvement in supporting and nurturing leadership within the company.” Zobel was quoted as saying that he and his brother Fernando Zobel de Ayala, president and COO of Ayala, consider succession planning as a critical element in ensuring the corporation’s sustainability. He was the third Filipino to be recognized by the annual program, following Globe Telecom CEO Gerardo Ablaza, Jr. who received the ABLA in 2004, and Jollibee CEO Tony Tan Caktiong for corporate citizenship in 2006.
Mr. Zobel holds a B.A. degree in economics (cum laude) from Harvard College (1981), and an MBA from the Harvard Graduate School of Business Administration (1987). He is married to Elizabeth (Lizzie) Eder Zobel, a descendant of Santiago Eder. The couple have four children.
Manny Pangilinan or MVP is Chairman and CEO of three companies on the list, making him the third-highest paid CEO with a combined total compensation of P2.65 million per month. This is inclusive of his monthly basic salary of P1.76 million in those companies. His basic salary is P950,000 per month as head of Meralco; more than P588,000 per month as chair of Metro Pacific Investments Corp. (MPI); and around P230,000 every month as CEO of Philex Mining Corporation.
Manuel V Pangilinan (born July 14, 1946 in Manila, Philippines), also known as Manny Pangilinan and MVP, is a Filipino businessman. 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.] He is also the owner of ABC/TV5 network, Cignal Digital TV and Smart Communications. He was the former Chairman of the Board of Trustees of Ateneo de Manila University.
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.
Another highest-paid chief executive is Danding Cojuangco of San Miguel Corporation. As CEO of the diversified conglomerate SMC, he gets P1.58 million salary per month plus P746,000 additional compensation monthly, for a total of P2.33 million every month.
Eduardo Murphy Cojuangco, Jr. (born June 10, 1935), also known as Danding Cojuangco, is the chairman of San Miguel Corporation, the largest food and beverage corporation in the Philippines and Southeast Asia, former Philippine ambassador, and former governor of Tarlac. In 2005, his personal wealth was estimated at US$527 million.It was estimated that, at one time, his business empire accounted for 25% of the gross national product of the Philippines. He has been called “one of the country’s leading businessmen”.
He was a candidate for the Philippine presidency in 1992, ultimately losing in a tight election to Fidel V. Ramos. Ramos received 23.6 % of the vote. Miriam Defensor Santiago came in second with 19.7% and Cojuangco came in third with 18.2%.
He tested the political waters in 2003, planning to run in the 2004 Presidential and Local Elections, but soon withdrew. He was a close adviser and personal friend to former President Ferdinand E. Marcos, which led him to become estranged from his cousin,Corazon Aquino, who after Marcos’ ouster succeeded him as president. Cojuangco is of partial Irish, Spanish, and Chinesedescent.[citation needed]
Cojuangco was a member of the Rolex 12, a group of 12 men who were closest to Marcos and allegedly were his enforcers of Martial Law. He is also an honorary member of PMA Class 1951. Cojuangco also was accused by the military men at the scene ofBenigno Aquino, Jr.’s assassination, as the leader who orchestrated the crime.
He is currently the chairman emeritus of the Nationalist People’s Coalition, the party he founded in 1992 which served as his vehicle to further his aspirations in the 1992 presidential elections.
He was also an advocate for sports in the country through using his company as sponsors for various events. He is notable for supporting basketball in a huge way since the 1980s as a basketball godfather for President Marcos with the famed Northern Consolidated teams of coach Ron Jacobs and the three SMC owned teams currently playing in the Philippine Basketball Association (the flagship Petron Blaze Boosters, the Barangay Ginebra Kings, and the B-Meg Llamados).
He studied at San Beda College, De La Salle University, University of the Philippines, Los Baños and California State College. – Besides English and Tagalog, he speaks Ilocano, the dialect of his mother and Kapampangan, the original dialect of the Cojuangcos.
James L Go, Chairman and CEO of JG Summit Holdings (JGS), Universal Robina Corp. (URC) and Robinsons Land (RLC) — total compensation of P1.82 million per month, roughly the same as his basic monthly salary
James L. Go, is the Chairman and Chief Executive Officer of JGSHI. He had been President and Chief Operating Officer of JGSHI and was elected to his current position effective January 1, 2002. As Chairman and Chief Executive Officer, he heads the Executive Committee of JGSHI. He is currently the Chairman and Chief Executive Officer of Universal Robina Corporation, Robinsons Land Corporation, JG Summit Petrochemical Corporation, Robinsons Inc., and Oriental Petroleum and Minerals Corporation.
In addition, he is the President and a Trustee of Gokongwei Brothers Foundation, Inc. He was elected director of the Philippine Long Distance Telephone Company (PLDT) on November 3, 2011 and was also appointed as a member of PLDT’s Technology Strategy Committee. He is also a director of Cebu Air, Inc., Panay Electric Co., United Industrial Corporation Limited, Singapore Land Limited, Marina Center Holdings, Inc., Hotel Marina City Private Limited and JG Summit Capital Markets Corporation. He received a Bachelor of Science degree and a Master of Science degree in Chemical Engineering from the Massachusetts Institute of Technology.
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