Colonel Sanders and Eugenio Lopez III

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Colonel Harland David Sanders

Founder of Kentucky Fried Chicken (KFC) restaurant chain

Colonel Harland Sanders is an American entrepreneur who founded the KFC


restaurant chain, which is one of the oldest fast food restaurant chains in the United
States. It is famous for its fried chicken to the whole world.
Harland David Sanders was born on September 09, 1890 on a country road three
miles (4.8 km) east of Henryville, Indiana. It must be said that Sanders childhood

was tough. First, he was not the only child in the family, who was not very rich. He
was the oldest of three children born to Wilbur David and Margaret Ann Sanders.
His father worked part time, doing some errands of farmers in Henryville. Mother
did not work, as she had to take care of the children.
The problems began when the father of Harland Sanders suddenly died. In 1895
one summer afternoon, Sanders father came back home with a fever and died later
that day. This occurred when the future founder of KFC was only 6 years old. His
life changed dramatically. First, his mother went to work to a tomato-canning
factory to feed the family somehow. And Harland Sanders was required to be a
babysitter and take care of younger brother and sister at home.
This fact was the key to his life. Since these factors have contributed to the
development of Sanders as the chef. All the relatives began to notice that the little
boy was a real talent in this case.
When his mother remarried, he escaped from home because his stepfather beat
him. Sanders falsified his birth date and volunteered for the U.S. Army at the age of
15 years. He served a full term and ended his service in Cuba. During his early
years Sanders had to work as a steamboat pilot, insurance agent, farmer and etc.
Finally, he found a good regular job as a fireman in the U.S. railway company.
In 1908, having stable income Harland Sanders married Josephine King. He had
three children, a son, Harland, Jr., who died at an early age, and two daughters,
Mildred Sanders Ruggles and Margaret Sanders. After a while he was fired for
insubordination. His wife Josephine left him taken the children back to her parents
home. Her brother later wrote Harland a letter where he said: She had no business
marrying a no-good fellow like you who cant hold a job. Over the years he tried a
lot of other jobs, but did not find any, which he could work at for a long time.
At 40 years Harland had to change dozens of occupations. One time Harland
Sanders was trying to obtain an education enrolling in law courses, but for an
unknown reason he did not finish them.

However, when Harland was already in his 40s, he had little capital accumulated
over the years. For a long time Sanders was in despair. Most of his life already
passed, but he still was a man, who made no difference, did not have enough
money to live in pleasure and wealth. He was disappointed in life. And, of course,
he wanted to change it.
Harland Sanders bought a service station, motel and cafe at Corbin, a town in
Kentucky about 25 miles from the Tennessee border. It must be noted that Harland
seriously thought about the location of his service station, selecting the best place
for it. Along this road people traveled to Florida and other locations from northern
states and the flow of customers was endless.
Soon, Colonel Sanders began serving meals to his clients in the living quarters,
because he did not have a restaurant. He was cooking chicken dishes and other
meals such as country ham and steaks in the kitchen. Soon his service station
became famous throughout Kentucky. It was called Kentucky Fried Chicken of
Harland Sanders. All customers noted the quality of its seasoning, which he
prepared from 11 different spices. Life began to improve.
A significant event in the life of Sanders happened in 1935, when the governor of
Kentucky, Ruby Laffoon, awarded Harland the title of Kentucky Colonel for services
to the state. And indeed, they were great: in fact people all over the county were
talking about the national dish of the state from Colonel Harland Sanders.
Of course, from time to time there were minor technical difficulties and problems
with suppliers. Once even the building of motel burned down. It was built up again
quickly and resumed its job within a few months after the accident. In addition, the
state government tried to help Harland because his fried chicken was a showplace
in Kentucky.
But life dealt a blow to Sanders. In 1956, there was completed the construction of
Interstate 75, bypassing Corbin. Sanders restaurant was out of sight from passing
by travelers. The number of customers decreased dramatically. The once-successful
business rolled down. He was forced to sell the property for $75,000 to pay his

debts. He was almost broke when he was 66 years old, living off a monthly Social
Security check of $105 and some savings. After a while Sanders decided to move to
Shelbyville, Kentucky.
Upon reflection, he came to the conclusion that can sell his recipe to other
restaurants. With nothing to lose, Sanders took his spices and pressure cooker and
traveled throughout the U.S. in his 1946 Ford.
He started visiting other restaurants of America. When meeting a potential
franchisee he talked about the recipe of cooking chicken and its seasoning. It took a
long time before he could find the first customer. Under the contract, Sanders
received just 5 cents for each of his sold chicken. Not bad, considering that the
volume of orders grew steadily. Needless to say that in the early 60s Colonel
Sanders had a few hundred franchisees across the U.S. restaurants.
And after 4 years Kentucky Fried Chicken was at the peak of glory and the old
Colonel decided to sell the corporation to a private investor John Y. Brown, Jr. Under
the deal, he received $ 2 million in cash and remains the official face of the
company for which he was paid about 250,000 dollars a year. Colonel Sanders net
worth estimated at $3.5 million. He just had to meet with the media, customers,
employees, in general to lead marketing.
In 1980, at the age of 90 years, Harland Sanders died. In recent years he was
traveling, playing golf and ran their own restaurant Claudia Sanders Dinner House
with his wife. He got disappointed at KFC, because he thought that in the pursuit of
the lowest price and speed the owners went to a compromise on the quality of
chickens. However, after the death of Colonel the story was not over.

Eugenio Gabriel L. Lopez III

Eugenio Gabriel L. Lpez III, was born on August 13, 1952, commonly known
as Gabby Lpez, is the current Chairman of ABS-CBN Corporation, the largest
media conglomerate in the Philippines, with investments primarily in television,
radio and film production. He is also director and treasurer of Lpez Holdings
Corporation (formerly Benpres Holdings Corporation), ABS-CBN's parent and the
flagship company of the Lpez Group.
He became chairman and CEO of ABS-CBN Broadcasting Corporation in 1996, when
his father, the late Eugenio Geny Lpez, Jr., turned over the reins of the familyowned company to the younger Lopez, who had been President from 1993 to 1996.
The younger Lopez, being the eldest child, was being groomed by his father to be
his heir apparent just like what his late grandfather did to his father then. His
mother, Conchita "Chita" La'O was one of the daughters of the wealthy ChineseFilipino Manila La'O family, whose other daughter married into the old Manila clan of
Manotoc (making her an aunt of Tommy Manotoc, a former basketball player and
golf aficionado, and ex-husband of Imee Marcos, daughter of Ferdinand Marcos.

Lopez has 4 children. His daughter is married, residing in London. The eldest son,
Eugenio Manuel Lopez IV is also married, residing in California. The 2 younger
children, Santiago and Andres live with Lopez in Manila.
ABS-CBN had enjoyed network leadership since its founding in 1953, apart from the
years 1972 to 1986, when the company and all its affiliates were wrested from the
Lopezes by the Marcos government. During this period and following his education,
Gabby was employed at Crocker National Bank, where he served as Assistant Vice
President in the Bank's backoffice processing area. He had an undistinguished
banking career in the U.S. while waiting for work in his family's media and utility
interests in the Philippines.
When control of the company was restored by the Aquino administration in 1986,
Gabby Lopez was given a job by his father and started with ABS-CBN as Director of
Finance. He was appointed General Manager a year later and the network regained
its supremacy shortly after.
The leadership of Gabby Lopez saw the steady growth of ABS-CBNs staple
businesses, while he aggressively pursued the companys diversification into various
successful ventures. These include Interactive Media, Sound Recording, PostProduction, International Cable and Satellite Distribution, Sports Programming and
Licensing and Merchandising.
A visionary, he created the Lopez Communications Group in 1997. CommGroup is
the management committee that oversees the development and implementation of
convergence projects for ABS-CBN together with BayanTel and SkyCable, the
Lopezes investments in telecommunications and cable telephony and data
warehousing across the three companies. He is also the Chairman and Chief
Executive Officer of CommGroup.
Lopez holds a Bachelor of Arts in Political Science from Bowdoin College (19701974) and a Master of Business Administration from Harvard Business
School (1978-1980). He is a member of the prominent Lpez family of Iloilo; his

father, the late Eugenio "Geny" Lopez, Jr., is known as one of the innovators of
Philippine television.
On 2012, he retired as CEO of ABS-CBN and was succeeded by the ABS-CBN
president Charo Santos-Concio while remaining as chairman of its board of
directors.

ABS CBN Corporation

ABS-CBN Corporation is the largest entertainment and media conglomerate in


the Philippines. It is one of the core businesses of the Lopez Holdings Corporation which
are headed by an influential Filipino family. It was formed by the merger of Alto
Broadcasting System (founded as Bolinao Electronics in 1946 by American electronics
engineer James Lindenberg and Antonio Quirino) and the Chronicle Broadcasting
Network (founded in 1952 by media tycoon Eugenio Lopez, Sr. and his brother, the
then-Philippine Vice-President Fernando Lopez). It was incorporated as the ABS-CBN

Broadcasting Corporation on February 1, 1967, shorted to simply ABS-CBN Corporation


in 2010 to reflect the company's diversification. The common shares of ABS-CBN was
first traded in the Philippine Stock Exchange in July 1992 under the ticker symbol ABS
and as of August 2015 has a market capitalization of over 50 billion pesos.

It owns and operates two national television networks (ABS-CBN and ABS-CBN
Sports + Action), two regional radio networks (Radyo Patrol and My Only Radio for
life!), 12 cable channels (ABS-CBN News Channel, Balls,Cinema One, DZMM
TeleRadyo, DYAB TeleRadyo Cebu, DXAB TeleRadyo Davao, Hero, Jeepney
TV,Knowledge Channel, Lifestyle, Myx, and O Shopping), two high-definition TV
channels (ABS-CBN HD and Balls HD), two HD Radio channels (MOR 101.9-1
Hits and MOR 101.9-2 Easy Listening) six international channels (ABS-CBN News
Channel, ABS-CBN Sports + Action, Cinema One, Lifestyle, Myx TV, and The Filipino
Channel) along with services dealing in telecommunications (ABSCBNmobile and Sky), film and television production and distribution (Star Cinema),
music production and publishing (Star Music), print publishing (ABS-CBN
Publishing), talent development and management (Star Magic), home TV shopping
(O Shopping), theme park (KidZania Manila), and a number of internet and digital
properties such as ABS-CBNnews.com, ABS-CBN TVplus, Cine Mo!, Chicken Pork
Adobo, i Want TV, and Yey!. It is also the principal owner of ABS-CBN Philharmonic
Orchestra.

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