Rappler Senior Managers Revolt Against CEO Maria Ressa

E17C13E0-883B-4E44-BAC0-7719F8AAFF2FMANILA, Philippines (The Adobo Chronicles, Manila Bureau) – It’s the best news one could ever receive: that someone just gave you P5 Million pesos.

That’s exactly what happened to 14 of Rappler’s senior managers who received the news that the online news source’s foreign investor, Omidyar Network, is donating its P78 Million investment to them – equally. 

But there is one problem: Omidyar’s investment has long been gone.  Rappler has failed financially and has used up all the investment money.

That’s very depressing for Rappler’s 13 senior managers (Ressa is the 14th).  So they are planning to stage a protest rally tomorrow in front of Rappler’s officers to demand an accounting of funds — local and foreign.

More trouble for an already-troubled Rappler.

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.