Apart from his corporate exploits, where he became known as “Boss Danding,” “ECJ” , or “Pac-Man” for his propensity to acquire other companies, he was also a sports patron and philanthropist.
But his critics say Cojuangco used the money to put up the United Coconut Planters Bank, one of the country’s biggest banks during the Marcos regime, and acquired a controlling stake in food and beverage giant SMC.He fled the country in 1986 after the fall of Marcos, but returned a few years later and placed third in the presidential race in 1992.
Long before his passing, he handed over the reins of SMC to Ang, who grew Cojuangco’s businesses when the latter left the country after the 1986 Edsa People Power Revolution.This succession planning was similar to some American tycoons’ practice of leaving their companies in the hands of able managers and only cash inheritance to biological heirs.
In a statement, San Miguel said Cojuangco guided the SMC Group for decades, “making a difference in the lives of so many of our employees, past and present. Values he lived by—malasakit , and sama-sama , the idea that we either make it together or not at all—are at the heart of what it means to be San Miguel.” “His contributions to our company’s history are numerous and indelible,” the company said, citing Cojuangco’s role in guiding the groups’ expansion, diversification and transformation.
He briefly studied at the University of the Philippines Los Baños, then enrolled in a two-year program in field crops and agriculture at California Polytechnic University in San Luis Obispo. In the mid-’60s, Marcos urged Cojuangco to join his Nacionalista Party in the 1965 elections. He lost the congressional seat to his estranged cousin, Jose “Peping” Cojuangco Jr.
Paki-regards sa Apo Lakay. Wherever that might be.
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Business tycoon Eduardo ‘Danding’ Cojuangco dies at 85MANILA, Philippines — Business tycoon Eduardo “Danding” Cojuangco has died. He was 85. Presidential spokesperson Harry Roque on Wednesday expressed sadness over the death of Cojuangco, chairman and chief executive officer of San Miguel Corporation, the largest food and beverage conglomerate in the country. “We are deeply saddened by the passing of Mr. Eduardo ‘Danding’ […]
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