Here’s a story of a company whose stock price rose a staggering 18,025% in one year — from P0.80 in October 1998 to P145.00 in October 1999 — and its consequent crash that almost put the Philippine stock market into collapse.
Who is Dante Tan and what is the Best World (BW) Resources stock scandal? Read on.
Should you invest in the initial public offering (IPO) of a company?
An initial public offering or IPO is the primary offering of a company’s shares of stocks to the public. It is called “primary” or “initial” offering because prior to an IPO, a company is privately-owned and its shares privately-held by a select group of people.
Most of us know Jaime Augusto Zobel de Ayala, Danding Cojuangco, Tony Tan Caktiong, Manny Pangilinan, Andrew Tan and various others who head the largest corporations in the Philippines. We know how daunting their task is of managing their companies on a daily basis striving to achieve profitability and to maximize their shareholders’ wealth.
Given the enormity of their roles, we are curious: How much are they paid as President or Chief Executive Officers of these companies?
