Stars Come and Go, But The Institution Stays – Eugenio “Gabby” Lopez III

 

The Chief Executive Officer of ABS-CBN, Eugenio “Gabby” Lopez III catered a stockholders meeting on May 27, 2010 addressing the issue involving Wowowee main man Willie Revillame.  Based on reports, one of the network’s partners appealed the negative financial impact of Revillame’s recent conduct during the open forum.

According to Lopez, “There are ongoing discussions now with Willie and we prefer to keep these discussions at this point between ourselves and Willie.”

He also acknowledged the effect brought by the controversy.  Dealing with a talents behavior, both positive and negative goes with the territory.

The issue also involves reporter and radio anchor Jobert Sucaldito which according to Willie, he has been a victim of negative comments including the Wowowee contestants.  He asked the network to release him to stop the issue.

On May 24, Willie and ABS-CBN management met while after the meeting he  asked for an “indefinite leave” and will not work until August nor guesting into direct program’s competitor.

“These decisions will be made in the proper time.  I think the best decision we made is for both Willie and I to decide that, for the interim, we will both keep silent about what’s going on, and these discussions will be made in the course of the next several months.”

And these is the most stern reminder issued by Lopez to business partners:  “Stars come and go, but the institution stays.”

Related Stories:

Willie Revillame on Indefinite Break

Willie Revillame VS Jobert Sucaldito

Willie Revillame on Indefinite Break from Wowowee

 

After the meeting between Willie Revillame and ABSCBN CEO Gabby Lopez, Willie asked for an indefinite break immediately on May 24. 

ABSCBN accepted Willie’s apology and according to them the Wowowee main man has realized his mistake and apologized to the Network Management for his outburst on air in Wowowee on May 4, 2010 and his failure to report to work since May 5, 2010.

ABSCBN and Willie agreed that he takes an indefinite break effective immediately, but his contract obligations with ABSCBN hold.  It means that Willie cannot work for any person or entity in direct competition with the Network.

As regards the future of the show, Willie and the management would still have to discuss on what will be in the best interest of the audience including the public.  Willie might return to the show around August or September or might not return as host of Wowowee.

 

 

 

Related posts:

Willy Revillame vs Jobert Sucaldito, The Controversy

Jobert S. Fights Back to Willie’s Bad Mouth