UNFORGETTABLE LESSONS FROM LATE SM GROUP & BDO FOUNDER HENRY SY SR.
The Philippine Star
|October 15, 2024
It was a unique privilege to have personally known and conversed over the years with the late Henry Sy, Sr., founder of the SM Group and BDO Unibank, Inc., and philanthropist of SM Foundation. I gleaned many lessons from this legendary self-made entrepreneur and the man known as the "shopping mall king" of the Philippines. His life's work left an indelible mark on the country's economy and serves as an inspiration for generations of people from all walks of life.
Here are some invaluable lessons from Henry Sy Sr. - whose 100th birthday we mark today - recounted to me by friends, associates, and also from those who admired him in the business sector.
● Jimmy Tang, Avesco Group chairman, Federation of Filipino Chinese Chambers of Commerce & Industry, Inc. (FFCCCII) honorary president. This close friend of Henry Sy recalled that obstacles were not stumbling blocks for Sy. Instead, they made him stronger. "He could turn crises or disadvantages into stepping stones for further business growth and success," Tang shared. Sy's ability to thrive in difficult situations was a testament to his resilience and positive attitude.
● Simon Roces Paterno, Bank of Commerce director, former DBP president. “He always told me, 'Make things happen.' In other words, do not wait idly. Be aggressive." This proactive approach was a key factor in Sy's success, and it remains a vital lesson for anyone striving to achieve greatness.
● Josephine Gotianun-Yap, Filinvest Group and East West Bank leader. "Long-term vision, strong work ethic, integrity, excellent execution, organizational talent, and a well-thought-out partnering strategy." These qualities made Sy not just a successful businessman but a visionary leader who knew how to build sustainable enterprises.
● Yvonne Yuchengco, Malayan Insurance Group president. “I knew him to be very humble and hardworking. He loved his family." These values anchored his life and leadership, reminding us that success is not just about wealth but also about staying grounded in personal principles.
This story is from the October 15, 2024 edition of The Philippine Star.
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