BIZ BUZZ: MVP’s short-lived title

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Looks like billionaire Manuel V. Pangilinan’s three-title leadership stint at Manila Electric Co. was short-lived. READ:

In a Viber message to reporters, Meralco vice present and head of corporate communications Joe Zaldarriaga explained that the change in Pangilinan’s designation “aligned with Meralco’s goal to streamline its operations.”

Meralco said Aperocho would “oversee the day-to-day operations of the distribution utility following his promotion.” Apparently, it’s an open secret in the industry how the official and “cohorts” have been asking hotels for “vouchers” so they can stay in those establishments for free for their personal use.

 

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