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PHILIPPINES Sy SM GROUP Henry Sy is battling his kids to keep his burgeoning retail empire free of outside management. He'll lose 2003 Revenues: $1.7 billion...
Henry Sy runs the Philippines' largest retailer, but he operates his SM Group almost as if it were a family-owned corner greengrocery. Each week Sy (estimated net worth: $1.4 billion), sporting his trademark Hawaiian shirt, gathers his six children at the company's warehouse-style offices near Manila's waterfront, where they oversee nearly every aspect of the business. On Saturdays family members fan out to conduct firsthand inspections of their SM malls, department stores and supermarkets. On Sundays Sy, 80, insists that the family meet yet again, either at his $2 million luxury log cabin in the lush...
...communal approach has helped him build the Philippines' equivalent of Wal-Mart Stores. SM Group is a retail giant, with 38,600 employees and annual revenues of $1.7 billion. Despite that success, Sy's children realize that the all-in-the-family management style is becoming outdated. Like so many of Asia's big business clans, a generational shift and the stresses of running an increasingly complex company are forcing the insular Sys to open up more to outsiders. "For my father, the organization is the family," says Sy's eldest daughter Teresita Sy-Coson, known as Tessie...
...greater Manila, which was then practically undeveloped. The business community expected Sy to lose his (Hawaiian) shirt. Instead, his clean, air-conditioned venue introduced modern shopping to a nation. "We changed the lifestyles of the people here," Sy beams. The empire continues to grow in size and sophistication. SM operates 17 malls and plans to open two or three more each year until 2008. The company has also entered the booming China market, and eventually the Sys want to diversify into commercial real estate and tourist resorts...
...want to, you misguided martyr." (Does that rhyme in Aramaic?) Except for Gibson's "Passion," this is the Jesus film that goes heaviest on the torture. In the scourging at the pillar, Pilate counts out the 39 lashes as if he's an auctioneer at an SM club. Jewison gets into the act, showing the raising of Jesus' cross on Golgotha in an overlapping quartet of shots from different angles, extending the action as Jackie Chan would later do with his more lavish stunts. Other than that, it's a brief crucifixion...