1. Lopez Inc. President Ousted in Leadership Clash Over $33M ABS-CBN Capital Infusion
A bitter leadership dispute has erupted at Lopez Inc., one of the Philippines' largest and most influential conglomerates, resulting in the ouster of its president. The conflict centers on a significant 2-billion peso (approximately $33 million) capital infusion for its media subsidiary, ABS-CBN Corp. The former presid...