Some also think Mar Roxas “knows economics and finance.” If this were true, why then did their family-owned Araneta Enterprises lose billions? So much so that they had to beg for help from their competitor, Ayala Corporation, who has since given the Araneta Center a major facelift. And is successfully managing it now?
Mar Roxas appeared like a sphinx when his much-vaunted “Wharton MBA” was proven to be a dud, having studied only in a BA course and never qualifying to reach the competence to become even just a Wharton MBA student, let alone a graduate.
This other claim that he was an investment banker is likewise a major load of shit. For one to become an investment banker, a practising trader/broker must serve as a Managing Director of a legitimate investment house for a minimum period of two years. He must personally be the negotiator of two financial contracts that amount to $100+ million each, AND he must successfully consummate both transactions within the said two years. Roxas was not even a junior trader/broker in any investment house.
An even bigger truckload of “fizzies” is the myth that he is the Father Of The Call Center industry in the Philippines. Intriguing garbage, to say the least. Principally because there were plenty of BPO companies successfully operating in the Philippines, years prior to his becoming the DTI Secretary.
What he really did was to grant a bunch of stupid incentives to the foreign outsourcing companies that in effect stripped the poor Filipino call center agents of their labour rights. And what is that right? Roxas made it possible, against all existing laws, through collective bargaining, to prevent the agents from bargaining for benefits with the help of labour unions that could have been established within the call center companies themselves. To this day, not a single BPO company in the Philippines has a labour union.
Really now? Would you even consider voting for this guy?