Such a crybaby

This is one hoping mad lady and a very rich lady and, therefore, powerful one at that.

You see, the lady a found out the bypass surgery done in a hospital (which sits on what used to be family land) had been botched up. When she went to the United States to have it done right, no surgeon in his mind would touch her.

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For all intents and purposes, the man has left the running of one of the country’s biggest businesses to his second-in-command. You see, he intends to enjoy whatever is left of his life.

Right now, a huge part of that joy lives in the US – in a $900,000 house, to be exact – who likes to tool around the streets of San Francisco in a really hot Ferrari.

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With heels, Presidential adviser Gloria Tan-Climaco is a towering (easily six feet tall) figure. She has a reputation as one tough cookie, which is not surprising for a Climaco, a Mindanao-based political family.

Unlike the equally tough Social Security System president Corazon de la Paz, however, Ms. Tan-Climaco is also known as crybaby. (At one time both ladies headed rival auditing firms.)

Ms. Tan-Climaco cried when she tendered her resignation as chairman and managing partner of SGV & Co. Her letter was submitted to her mentor, SGV founder Washington SyCip.

She cried when George Go tendered his resignation as chairman of Equitable PCI Bank. It was Mr. Go who offered Ms. Tan-Climaco a job as head of Global Equities and of Crown Equities after she left SGV. It was also Mr. Go who invited her to the E-PCI board to represent the small stockholders.

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It looks like Philippine Communication Satellite Corp. will be closing shop next month.

The Ilusorio sisters, Sylvia Ilusorio-Yap and Erlinda Ilusorio-Bildner, who are active in one of Philcomsat’s two rival board, have been telling employees to start looking for jobs because, well, there hasn’t been any money coming into the company for some time now.

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It was Bases Conversion Development Authority chairman Rufo Colayco who first invited Henry Sy’s SM Group to put up a mall at Clark. At that time, Mr. Colayco was president of the Clark Development Co. and he offered a place near the pretty much dead (read: nobody goes there) Expo to liven up the place.

Mr. Colayco is, of course, back at the CDC board, representing BCDA and this time, he’s not exactly on Mr. Sy’s side.

You see, Mr. Sy doesn’t want his proposed mall to be located inside the economic zone. He wants it at the entrance of the economic zone. He wants it at the entrance of the economic zone, where jeeps and buses can unload potential mall customers.

Because of this, Mr. Sy wants an additional four hectares for free, in addition to the 12 hectares that he will lease from the CDC. His reasoning?

The four hectares will be a parking space so the traffic going to and from the mall will not inconvenience everybody else in Clark and its host city, Angeles.

The estimated loss of CDC revenues from the four hectares (presuming SM does not charge for parking) is about P3 billion over the next 50 years.

By the way, Shoemart Inc. head Teresita Sy-Coson writes that her father and Mercury Drug majority stockholder Mariano Que are "good friends and this friendship extends to family members."

In a letter dated Aug. 30, Tessie Sy-Coson writes: "The only reason why there is no Mercury Drug in the SM malls is that we could not agree on the rental rates in the malls."