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...
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