Sa ‘yo Visayas, sa akin Mindanao! Yanson brothers fail to settle family feud through coin flip
Did you know that the battle for the multi-billion peso Ceres bus empire, the biggest people-mover in the country, could have been settled through the flip of a coin?
Leo Rey Yanson, the ousted president of Ceres’ parent Vallacar Transit Inc., offered to settle the bitter and public family feud with older brother Roy Yanson, who replaced him in the driver’s seat of the family business, through a coin toss.
In a report by the Inquirer, Leo Rey said: “I told him, ‘let’s toss a coin for the Visayas and Mindanao operations, then let’s part ways’ but he (Roy) rejected the idea.”
Leo Rey had likewise offered to share power with Roy in the company or sell his shares in the family business to Roy. But just like the coin toss, these were rejected by Roy.
Roy is supported by his three siblings Emily Yanson, Lourdes Celina Y. Lopez and Ricardo Yanson, Jr. Behind Leo Rey are the family matriarch, Olivia Yanson, and Ginnette Yanson-Dumancas.
Leo Rey claimed that Roy apologized to him for easing him out of the company in a Sunday boardroom takeover and allegedly pointed to his two sisters – Emily and Celina – as the brains behind the takeover.
The siblings failed to reach a settlement last June 15 at the sala of Judge Eduardo Sayson of the Regional Trial Court Branch 53. Leo Rey’s case to stop the takeover will go on trila starting July 26.