Pays and perks. After paying its top five executives a total of P78.075 million—broken down as salaries, P48.213 million and bonuses, P29.862 million—Jollibee Foods Corp. said it is raising the group’s pay by 16.52 percent to P90.073 million. In a posting with the Philippine Stock Exchange (PSE), it said it will increase the top five executives’ salary by 9.643 percent to P57.855 million from P48.213 million and their combined bonuses by 10.900 percent to P33.117 million from P29.862 million. In 2009, the food chain said Tony Tan Caktiong, chairman, president and chief executive officer and company received P67.561 million in salaries and P28.620 million in bonuses for a total compensation of P96.181 million. Aside from Tan Caktiong, Jollibee’s four other highest-paid executives are Ernesto Tanmantiong, treasurer, executive vice president and chief operating officer; Isaias P. Fermin, president of Chowking Philippines; and Ysmael V. Baysa, chief finance officer; and William Tan Untiong, corporate secretary. In the same filing, Jollibee reported that “all other officers and directors as a group unnamed will get P200.848 million in salaries and P95.004 million in bonuses this year for a total of P295.852 million, up 11.386 percent from P265.609 million (composed of salaries worth P179.329 million and bonuses amounting to P86.281 million) in 2010. In 2009, they got a total of P262.910 million consisting of a total salary of P176.465 million and bonuses of P86.445 million.
Lone paid exec. Philip Juico is the president and chief executive officer of MIC Holdings Corp. As the company’s only salaried executive, he received a total of P4,178,160 in basic salary or P1,392,720 a year, and P348,180 in bonuses, or P116,060 a year, from 2004 to 2006. Juico received P232,120 in salaries when he resigned on February 16, 2006. In a filing, the company said its president was also chairman of the International Broadcasting System which owns Channel 13 and remains under government sequestration via a writ issued by the Presidential Commission on Good Government. A De La Salle graduate and masteral degree holder from Asian Institute of Management, he is also dean of the business graduate school at De La Salle. The company’s filing described him “as a first-rate decision maker.” Juico, one of the recipients of the 1987 Outstanding Young Men Award, received a “Triple A” award from the AIM Alumni Association.
NEW games. IP E-Game Ventures Inc., an IPVG company, has new games to sell through its chain of Internet cafes. In a filing, it said it signed on October 18 a license and distribution agreement with Blizzard Entertainment International, which it identified as “a division of Coöperatie Activision Blizzard International U.A. Blizzard is the developer of video software products such as the World of Warcraft, Warcraft I, II and III; StarCraft I and II; and Diablo I and II and the upcoming Diablo III. Under the agreement, Blizzard grants IP e-Games the “exclusive right to market, sell and distribute the former’s products. The company will hold a special stockholders’ meeting on November 21 to ratify, among others, additional listing of shares and the appointment of new external auditors and their remuneration. KPMG Manabat Sanagustin & Co. will be replaced by Reyes Tacandong and Co.
Insiders’ trades. Wilfred Steven Uytengsu Jr., president and chief executive officer of Alaska Milk Corp. (AMC), reported his direct ownership of 4.399 million AMC shares, or 0.4986 percent, after buying 277,800 shares at P12.30 each on Oct. 11...Antonio Chua Poe Eng, a director of Jollibee Foods Corp. (JFC) since 1978, sold 16,340 JFC shares at P89.1521 each on Oct. 17. After the sale, he owned 3,333,325 JFC shares, or 0.32 percent. In a filing in connection with the company’s annual stockholders’ meeting in June, JFC listed Eng as an indirect owner of 3,398,325 shares held by a corporate stockholder identified as Honeyworth, which held 40,787,128 JFC shares as of September 30, 2011...Magdaleno B. Albarracin Jr., president and director of Holcim Philippines Inc., owned 350,452 Holcim shares after selling on October 14 50,000 shares in three trades—43,700 shares at P9 each and 6,300 shares at P9.10 each...Mingjing Holdings Inc., an existing corporate stockholder of Alliance Select Foods International Inc., paid P53,500 in buying 50,000 Alliance shares on October 11. With the additional acquisition, Mingjing owned 99.854 million Alliance shares, or 11.46 percent...Jose C. Ibazeta, a member of the board of International Container Terminal Services Inc. (ICTSI), directly owned 3.426 million ICTSI shares, or 0.13 percent, after selling 100,000 shares at prices ranging from a low of P50 to a high of P51 each.
