Not that anybody is fired, mind you.
It seems the flag color is just a no-brainer reminder to employees to work together towards a common target.
La Farge is the largest French presence in the country, with investments since 1997 of 12 billion euros. Thats P90 billion.
First President Macapagal-Arroyo accepted the resignation of Lito Camachos Don Bosco High School classmate, Antonio Bernardo, as commissioner of the Bureau of Customs.
Then, the President appointed Jose Perez as president and chief executive officer of United Coconut Planters Bank, replacing Mr. Camachos De la Salle University classmate, Jose Querubin.
Mr. David, who used to be the bad boy of banking (with his flamboyant personal life), has mellowed with religion.
Mr. David has yet to clear his desk at Export and Industry Bank, which is chaired by former Philippine Chamber of Commerce and Industry Inc. president Sergio Ortiz-Luis.
Ms. Barin who resigned much, much ahead of her six-year term as Energy Regulatory Commission chairman because she didnt have enough time for her family anymore had accepted the job as Monetary Board member in large part because it is an eight-hour job every day.
For that, Ms. Barin and other MBMs, who help set monetary policy under the chairmanship of Bangko Sentral Governor Rafael Buenaventura, is paid between P100,000 and P150,000 a month.
As SEC chairman, Ms. Barin will be getting double that pay and probably triple the headache.
Ms. Barin replaces Lilia Bautista, who retirement package (once it is settled to everybodys satisfaction) would include all those accumulated unused vacation leaves that she never bothered to take.