This post is exactly why I wouldn't buy stocks with managers in which I don't trust.
Its exactly the reason why I sold all my shares of Puregold and Tanduay.
I sold my Puregold shares because I don't like the managers raining themselves with lucrative options and bonuses. I sold all my Tanduay shares when Lucio Tan bought it because, honestly, I can't find myself to trust his decisions for minority shareholders.
Another same situation was with Metro Pacific who were delisted. The only one profiting from that delisting is the owner and the majority holders. They delisted it in time before the dividend payouts so the majority of the profits will go to the majority holders. What can you do?
No one is going to handle your money and think of it more than you. People have motives and their own personal goal. Tycoons may be rich and you want to have a piece of their success, but their success doesn't necessarily equate to yours. There are still a lot of companies in the Philippines that I admire. Where managers think of the minority investors as if they are also an owner. And those companies, even though but a few, are worth the investments for a lifetime.
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