How dangerous can Manny Villar be when he becomes President?
News has it that Manny Villar allegedly barged in during a board meeting at the Philippine Stock Exchange to force the board to let him be exempted from the lock-up period for secondary offerings of his shares of stock in Vistaland and Lifescapes, Inc.
Villar interfered during the PSE board meeting sometime in 2007. Instead of sending his underwriters to do their thing, he personally went there maybe to use his position as Senator and impose his will upon the members of the board. Even as some people in the business community say that this "usually" happen whenever owners of business empires want something done in their favor, the case of Manny Villar is different. He is a senator and this surely is a prohibited transaction for a legislator. Clearly, there is conflict of interest because he is a public officer.
I don't know if Villar is just stupid or if he's just really an imposing man. One thing's for sure. He wants to get what he desires even to the point of using his public position. What more if he becomes president?
News has it that Manny Villar allegedly barged in during a board meeting at the Philippine Stock Exchange to force the board to let him be exempted from the lock-up period for secondary offerings of his shares of stock in Vistaland and Lifescapes, Inc.
Villar interfered during the PSE board meeting sometime in 2007. Instead of sending his underwriters to do their thing, he personally went there maybe to use his position as Senator and impose his will upon the members of the board. Even as some people in the business community say that this "usually" happen whenever owners of business empires want something done in their favor, the case of Manny Villar is different. He is a senator and this surely is a prohibited transaction for a legislator. Clearly, there is conflict of interest because he is a public officer.
I don't know if Villar is just stupid or if he's just really an imposing man. One thing's for sure. He wants to get what he desires even to the point of using his public position. What more if he becomes president?
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