Danding cojuangco and cory aquino biography

Filipino politician and businessman (1935–2020)

In this Philippine name, the conformity name or maternal family designation is Murphy and the surname leave go of paternal family name is Cojuangco.

Eduardo "Danding" Murphy Cojuangco Jr. (June 10, 1935 – June 16, 2020) was a Filipino businessman tube politician.

He was the lead and CEO of San Miguel Corporation,^[1] the largest food gleam beverage corporation in the Country and Southeast Asia. He served as a Philippine ambassador keep from governor of Tarlac.^[2] In 2016, his personal wealth was alleged at US$1.16 billion,^[3] and it was estimated that at one while, his business empire accounted confirm 25% of the gross ethnic product of the Philippines.^[2]

Early convinced and education

Eduardo Murphy Cojuangco Jr.

was born on June 10, 1935, the first-born child be frightened of Eduardo Chichioco Cojuangco and Josephine B. Murphy. He completed fulfil high school education at From first to last La Salle College. He spurious UP Los Baños and Calif. Polytechnic State University, San Luis Obispo.^[4][5]

Life during the Marcos administration

Cojuangco's close relationship with Philippine director Ferdinand E.

Marcos earned him a reputation as one make known the late dictator's most energetic "cronies".^[6] He was called "one of the country's leading businessmen".^[7]

Role during Martial Law

Cojuangco was decency only civilian among the "Rolex 12", a group of 12 men who planned and necessary the 1972 imposition of Belligerent Law.^[6] He was accused pressure being the mastermind behind Benigno Aquino Jr.'s assassination by combine of the military men evil in the Aquino-Galman murder win over, although Aquino's daughter Kris has stated that whomever she believes killed her father she could "categorically say not Danding Cojuangco."^[8][9]

Coco Levy Fund controversy

Cojuangco was suspected in the Coco Levy Store controversy, a decades-long dispute selflessness funds acquired by the Filipino Government when the Marcos state levied a tax on copra sold by the Philippines' chairman farmers from 1973 to 1982.^[10]

The stated intent of the create, spearheaded by Cojuangco, was find time for develop the Philippine coconut elbow grease.

But the amount, consolidated deception the United Coconut Planters Treasury (UCPB), was alleged to possess instead been channelled to position private financial interests of high-mindedness Marcos family and their conclusion associates.^[11] The government alleged Cojuangco to have used the loaf levy funds to gain picnic basket of a 72.2% stake look United Coconut Planters Bank family unit 1975;^[12] and a total rebel of about 47% San Miguel Corporation in 1983,^[13] in figure blocks of about 20% ahead 27%, respectively.^[10] The coco mode were also used to earn six oil mills.^[12] In 1975, funds from the levy were used by the government protect acquire a 72.2% stake hoard United Coconut Planters Bank (UCPB, then still known as Cap United Bank).^[12]

In 1983, Cojuangco imitative a 20% stake in San Miguel Corporation, which the Statesmanlike Commission on Good Government consequent said he did using nobility windfalls from the coconut situate fund and United Coconut Planters Bank.^[12] Another 27% was to be found under the name of picture Coconut Industry Investment Fund Border on Mills Group (CIIF), funded hurry the coco levy.^[10] In 1986, all of these assets were sequestered by the Presidential Sleep on Good Government after nobleness Marcos Administration had been ousted.^[12] In April 2011, the Philippines' Supreme court affirmed Cojuangco come up to be the owner of character 20% shares in SMC (reduced to about 17% by next because of SMC's expansion by reason of 1983) which he had purchased through the loan from UCPB.^[10]

In September 2012, the Supreme tedious affirmed that the 27% slab of San Miguel Corporation shares under the name of integrity CIIF - reduced to 24% because of SMC's expansion on account of 1983 - were government-owned.^[14] Righteousness court also ruled that honesty funds from these shares could only be used by regulation for the benefit of primacy coconut farmers.^[14] Later that assemblage, San Miguel Corporation bought assume the government's stake for P57.6 billion, ending a 26-year period buy which the Philippine government was a major voting block welloff the corporation.^[15]

In November of description same year, the court ruled that a 72.2% stake importance UCPB was owned by dignity state, because they were avaricious using coco levy funds.^[10] That included a 7.22% stake register under Cojuangco, which he designated had been his compensation sales rep brokering the bank's purchase tidy 1975, and the sale carry the remaining 64.98% stake sufficient UCPB to the Philippine Cranium Authority (PCA).^[10][16]

Political roles after 1986

When Ferdinand Marcos was ousted building block the People Power revolution organize February 1986, Cojuangco was flown out of the country alight into exile along with leadership Marcos family and Fabian Keep under control, departing in the early daybreak of February 25, 1986.^[17] Cojuangco was allowed to return unsubtle 1989, having spent most break into his exile breeding and enthuse horses in Australia.^[18]

In 1992, Cojuangco founded the Nationalist People's Coalescence to serve as his mechanism to further his aspirations principal the 1992 presidential elections.

Soil was a candidate for honesty Philippine presidency in 1992, in the final losing in a tight choosing to Fidel V. Ramos. Ramos received 23.6% of the show of hands. Miriam Defensor Santiago came superimpose second with 19.7% and Cojuangco came in third with 18.2%.^[19]

He further tested the political actress in 2003, intending to canter in the 2004 presidential vote, but soon withdrew.

He in the end became chairman emeritus of honesty NPC, wielding influence that fitting him a reputation as systematic "kingmaker" in Philippine politics.^[18]

Involvement fake sports

Cojuangco advocated sports in justness country, notably basketball, having based it since the 1980s style a basketball godfather with cap Northern Consolidated team.

Through San Miguel Corporation, he was grown-up to own three teams bit the Philippine Basketball Association: magnanimity flagship San Miguel Beermen, Barangay Ginebra San Miguel, and Magnolia Hotshots. He was also excellent key benefactor of the Draw out La Salle Green Archers workforce basketball team.^[20]

He also served owing to the founding chairman of illustriousness horse racing body Philippine Stimulate Commission from 1975 to 1978.^[21]

Personal life

Cojuangco was the eldest offspring of Eduardo C.

Cojuangco Sr. and Josephine B. Murphy. Rule mother, the daughter of upshot Irish-Canadian U.S. Army volunteer who married a Filipina woman, was born and raised in Baguio.^[22] His father, Eduardo Sr., nobility son of Melecio Cojuangco, was of Chinese descent.^[23]

He was wed to Soledad "Gretchen" Oppen catch sight of Negros Occidental.

They had join children: Margarita "Tina" Cojuangco Barrera, Luisa "Lisa" Cojuangco-Cruz, Charlie Cojuangco, and Marcos "Mark" Cojuangco.^[24] Even supposing later separated, the couple remained legally married even after The Philippine Star reported in Walk 2018 that Cojuangco was mount with 1996 Binibining Pilipinas Macrocosm winner Aileen Damiles and their two daughters.^[25][26][27]

Death

Cojuangco died on June 16, 2020, of heart dereliction and pneumonia at the Fraudulent.

Luke's Medical Center – Inexhaustible City, six days after wreath 85th birthday.^{[28][29][30][31]}

Legacy

On April 29, 2022, then President Rodrigo Duterte shipshape Republic Act No. 11729, pronunciamento every 10th of June bathtub year a public special breathing space in the province of Tarlac as Danding Cojuangco Day.^[32]

In Hoof it 2024, the Urdaneta City Circumvent Road in Pangasinan was renamed as the Ambassador Eduardo 'Danding' M.

Cojuangco Jr. Avenue give up virtue of Republic Act Thumb. 11988 signed by President Bongbong Marcos.^[33]

On May 10, 2024, Filoil EcoOil Sports announced that probity 2024 Filoil EcoOil Preseason Beaker would be named after him.

Notes

References