ALLAN THE MAN

They may dispute each other's rankings, but when it comes to executive compensation, ABS-CBN is definitely way, way ahead of competing GMA Network.

ABS-CBN reported Thursday that it paid chief executive and child of owner Eugenio "Gabby" Lopez III and its four highest officers nearly P233.4 million last year, which works out to an average of P46.6 million each.

Lopez's charmed circle includes President Ma. Rosario Santos-Concio, Roldeo Theodore Endrinal, Rolando Valdueza and Ma. Socorro Vidanes.

 In contrast, GMA chairman and chief executive Felipe Gozon paid himself and his co-owner, president Gilberto Duavit Jr. as well as Felipe Yalong, Marissa Flores and Wilma Galvante a little over P134 million, or about P23.36 million each.

The combined compensation still includes the last paycheck of broadcaster Miguel Enriquez, who retired from GMA in September 2011 as senior vice president for radio operations.

Daily Mail Online UK - When the Olympic Games begin in London next month, the capital will play host to the fittest, fastest and strongest athletes in the world.

 But it will also be home to a rather different superlative – the biggest McDonald’s on the planet, right in the middle of the Olympic park.

So while the competitors stretch themselves to their very limits, hungry spectators will gorge on tens of thousands of burgers and portions of fries.

The vast two-storey restaurant will serve up to 1,200 customers an hour and sell £3million of fast food during the Games.

At 3,000 sq ft the building, next to the Olympic Stadium, is bigger than the current largest McDonald’s, in Moscow.

The Russian restaurant will regain its title on September 9, however, when the London branch is bulldozed after the Paralympics closing ceremony.

Yesterday McDonald’s gave the media a preview of its flagship store, which includes 20 till points and 1,500 seats.

Miami Heat named NBA 2012 Champions after they defeated Oklahoma City Thunder on Game 5 of NBA Finals 2012 today. Finals Scores are 106 -121 or 15 point lead by Miami Heat. 

Lebron James hailed as Finals MVP. He scores 26 points, 11 rebounds and 13 assists.

"It means everything," James said moments after the win. "I made a difficult decision to leave Cleveland but I understood what my future was about ... I knew we had a bright future [in Miami]. This is a dream come true for me. This is definitely when it pays off."

Other Big scorers for Miami are; Chris Bosh with 24 points, Mike Miller with 23 points and Dwayne Wade with 20 points. 

QUARTER SCORES:

1st Quarter: Miami Heat starts the quarter aggressively. Scores are 26-31.

Forbes Magazine has just released its 2012 list of the 40 Richest People in the Philippines. SM tycoon Henry Sy retained his spot as the country's richest person with an impressive net worth of $9.1 billion

.But the country’s biggest gainer was Enrique Razon Jr., who became a billionaire just last year with $1.6 billion and is now the country’s third-richest person, worth $3.6 billion. He made his first fortune in ports, taking over the family business, International Container Terminal Services, at 27. He turned ICTS into one of the largest port operators in Asia, then expanded into Europe, North America and the Middle East.

There are three newcomers: Lucio and Susan Co, a husband-and-wife team who join the ranks of billionaires thanks to last September’s IPO of their hypermarket chain Puregold Price Club. Another debutant is 38-year-old civil engineer Michael Cosiquien, who took his building company Megawide Construction public last year and saw its stock triple.