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Ateneo-MVP conflict: Jesuit priest resigns as independent director of PLDT


MANILA, Philippines—The severing of ties between the Manuel V. Pangilinan group and his alma mater Ateneo de Manila University continues, following a very public falling-out due to “irreconcilable differences” on key issues such as mining.

The latest development in the ongoing saga is the resignation of Rev. Fr. Bienvenido F. Nebres, SJ, as an independent director for Philippine Long Distance Telephone Co. (PLDT), which Pangilinan chairs.

Nebres was, until last Tuesday, also chairman of the company’s audit committee and a member of the telco’s executive compensation, governance, and nominations committees.

Nebres has been part of the PLDT board since 1998.

According to the PLDT’s 2011 Annual Report, Nebres was elected as independent director of PLDT subsidiary Digital Telecommunications Philippines, or Digitel.

He is the chairman of the board of trustees of the Center for Leadership and Change and a member of the board of trustees of Sacred Heart School–Jesuit Cebu City, Loyola School of Theology, and United Board for Christian Higher Education in Asia.

Nebres was conferred the rank and title of the Order of National Scientist by President Aquino on Oct. 25, 2011, and awarded an honorary doctorate by the University of San Francisco in the United States, and Liverpool Hope University in the United Kingdom, in May and July 2011, respectively. Nebres received his PhD in mathematics from Stanford University.

“The board expressed their sincerest gratitude to Fr. Nebres for his long and invaluable service to the board, its committees and the company,” a PLDT disclosure on Tuesday read.

Pangilian cited irreconcilable differences on the issues of mining and the pending reproductive health bill as his reasons for severing ties with the school completely.  Pangilinan said the “major concerns” cited in his letter to Ateneo president Jett Villarin, SJ, were “by all means not complete or exhaustive.”

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Tags: Ateneo de Manila University , Bienvenido F. Nebres , Business , company resignations , Manuel V. Pangilinan , Mining and quarrying , Philippine Long Distance Telephone Co. , Philippines , Reproductive Health Bill

  • http://pulse.yahoo.com/_2UMHGIG2H4KOHCAOA5H7VMKLQY CAJUN

    Now the cat is out of the bag! Kayo mga padre ha, gusto nyo pang mag honoraria maliban pa sa donasyon! E payaman kayo talaga! Buti pa pulitiko inaamin may pork, kayo tahimik lang kayo yan pala may mga baon kayo every board meeting!!! At normal lang???? 

  • Pablo Juan

    Sabi na nga ba eh.. may kapalit pala ang donations.. to buy silence. 

  • kulittwit

    What’s a priest doing in the board of a private company? 

    The hands of these damasos are everywhere! 

    They should focus on their job – shepherding the spiritual life of their sheeps – where they are failing miserably. They can not even motivate and convince the vast majority of catholics to attend mass regularly every sunday which is a moral obligation. It is a sin not to attend sunday mass and one has to confess it. every sunday, millions of catholics are commiting a sin and yet the church is doing nothing about it. now a know, there are priests sitting in the cozy boardrooms of big companies.

    • http://profile.yahoo.com/4NFIW4IGAWDC4FBDYTO5PTRBIU Ed Angeles

      Maybe you should read again the biodata of Fr. Nebres and see if your qualifications can come close to his!

  • JamesBondOO7

    MVP donations to Ateneo comes with strings attached. MVP threat to go back to HongKong after he was dragged to this Trillanes controversy is a bluff. Like Trillanes, super confident si MVP kaya di sila magka mix. MVP likes to do business in the Philippines coz mag donate ka lang ng kandidato pagka presidente untouchable na at less tax pa.

    • http://alasfilipinas.blogspot.com/ Pepe Alas

      Right. There ought to be a bill banning businessmen to make donations to political campaigns.

  • James

    “Nebres was conferred the rank and title of the Order of National Scientist by President Aquino on Oct. 25, 2011, and awarded an honorary doctorate by the University of San Francisco in the United States, and Liverpool Hope University in the United Kingdom, in May and July 2011, respectively. Nebres received his PhD in mathematics from Stanford University.”
    Sige, kung kaya ng mga nagcomment sa baba na tapatan ang qualifications ni Fr Nebres, kayo na ang pumalit. Hahahaha…

  • http://pulse.yahoo.com/_KF2TCBJ2AUC7VIPR3TACWUGITE Rednaxela VD

    You know the filipino slang, “switik”?  It means cunning and very good in terms of handling and growing money…

    And you know where the word came from?  You guessed it right! from the word, Jesuits!

  • http://profile.yahoo.com/BFQWTB3Z6DK76IWGHUMC4NO5JY Isang Pilipino

    Shamed on you Manny! If you expected the Jesuits to echo your business perspectives because of your donation, then it was not an act of charity from a generous alumnus. It was bribery. Shame on you Manny!

  • Jun Go

    bluer than blue….

    birds of the same feather bit each other…

    truly ONE BIIIIIGGGGGGG FIGHT going on with this rift.

  • Troy Gonzales

    there a lot of able bodied executive that could fill this gap, it’s not a big loss for MVP or his company.

  • noypisiTED

    It’s about time another more competent individual takes on the seat of this priest, He was there at the apron string of MVP for so long that all the while the latter was unaware he was feeding somebody who bits the hand that generously fed Nebres’ mouth. How one could be so ungrateful is beyond this nonentity’s reach. Now the RH bill can have a credible name and face in one of the titans of Philippine business. 

    • http://profile.yahoo.com/BFQWTB3Z6DK76IWGHUMC4NO5JY Isang Pilipino

      Why discredit Nebres? Do you find satisfaction in mocking a man of intelligence and honor? Do you now feel better after insulting him? 

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