Century Pacific Food (CNPF) led by bilyonaryo Chris Po harvested a windfall in compensation for a job well done in 2021.
Total salaries and bonuses of CNPF’s officers jumped 36 percent to P371 million in 2021 from P273 million in 2020.
CNPF’s top five executives – executive chairman Po, president and CEO Teodoro Po. EVP and COO Gregory Banzon, SVP and GM Edwin C. Africa; and VP and CFO Richard S. Manapat – received a 34 percent year on year rise in compensation to P124 million in 2021.
The other executive officers got a 37 percent year on year in compensation to P248 million in 2021.
CNPG reported a 20 percent increase in net income to P4.673 billion in 2021 as sales remained resilient despite rising inflation and input costs.
Samsung begins production of advanced 3nm chips
Samsung Electronics became the first chipmaker in the world to mass produce advanced 3-nanometre microchips, the company said Thursday, as it seeks to catch up with Taiwan’s TSMC.
