MOST SENIOR VS MOST JUNIOR Left, the most senior Supreme Court Justice Antonio Carpio who has been claiming since 2011 that PLDT is in violation of the constitutional limit on foreign ownership; right, the most junior justice, Alfredo Caguioa, appointed only last year, who wrote the recent Court decision that said PLDT isn’t.

This allowed PLDT to skirt the 2011 Court decision, since it issued 150 million “voting preferred shares” worth P150 million, to its employees’ pension fund. The fund of course was classified as a Filipino entity, its beneficiaries being PLDT’s employees, even if it is controlled ultimately by the Indonesian tycoon, as its biggest single stockholder.

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