OML and ADR: Quixotic and patriotic
newscatcher
2023-05-01 00:33
OML and ADR: Quixotic and patriotic
Two close friends passed away last week a few days after my Leni had gone. OSCAR M. LOPEZ (OML), 93, was a man of honor, dignity, and integrity; he was courageous, patriotic, and quixotic. Many years ago, the First Philippine Holdings Corp. (FPH)—which he chaired—agreed to sell its concession in the North Luzon Expressway (NLEx) to Metro Pacific Investments Corp. (MPIC) chaired by Manuel V. Pangilinan. When the agreement was to be ratified during an FPH board meeting, an urgent letter was received offering 'P500 million more to whatever amount MPIC had agreed to pay.

https://opinion.inquirer.net/162791/oml-and-adr-quixotic-and-patriotic

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