Antonio Quirino (1952–1957; as Chairman of Alto Broadcasting System, later merged with Chronicle Broadcasting Network) James Lindenberg (Bolinao Electronics Corporation)
He was the first president, or "charter president", of the Rotary Club of Iloilo, the third oldest Rotary Club in the Philippines.[3]
Career
López began as a provincial bus operator, and eventually became chairman of ABS-CBN Broadcasting Corporation, the Philippine's largest media conglomerate, and president of the Manila Electric Company (Meralco).[citation needed] In 1972 he accepted a Distinguished Service Award from the Harvard Business School, but several months later was compelled by President Ferdinand Marcos to sign over his shares in Meralco, was stripped of his holdings and forced into exile.[4]
Death
His eldest child and heir apparent, Eugenio López Jr., or Geny, was jailed on charges of conspiring to assassinate Ferdinand Marcos. This was carried out by Marcos in order for Don Eñing, who was at that time was in exile in United States to sell his businesses to him, his family and relatives and to his cronies.[citation needed] At one time, Marcos would send the then-Philippine Ambassador to the US, Benjamin Romualdez, a brother of then-First Lady Imelda Marcos, to San Francisco, California, where the elder López was living along with his daughter, Precy and her Greek husband Steve Psinakis, to convince him to relinquish ownership of his businesses in his home country in order for it to sell to his entourage with a promise that his eldest child, Geny, would be released from jail.[citation needed] Don Eñing agreed, but his firstborn would remain in detention. As a result, he was double-crossed by the Marcos regime and his businesses were then completely in their hands. He was later diagnosed with cancer and died on July 5, 1975.
In popular culture
López was portrayed by Armando Goyena in the 1995 film Eskapo.