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Know Thy Four-Way Test The simple and straightforward Four Way Test was written by Chicago Rotarian Herbert J. Taylor in 1932. The test was primarily written for his bankrupt Club Aluminium Company. Herb actually gave up his job in in order to join 250 other employees onboard the so-called “sinking ship”. The most sig- nificant and practical example of the test in action concerned an incident involving a printing contract. One local printer won an order from Herb’s company beating all other tenders. The printer, however, soon realised that he had under-estimated his quote by $500. Legally, Club Aluminium could ignore the printer’s appeals and compel him to fulfil his side of the contract. Club Aluminium was deeply in debt and had acted in good faith but Herb asked his board to reconsider and pay the printer the extra $500. Remember the second line of the test, he told his fellow directors, - “is it fair to all con- cerned?” Club Aluminium’s future grew brighter and brighter and in five years had pulled itself out of the red. Perhaps, the test had real, practical benefits. PP JOSEFINO STO. DOMINGO Past President Josefino Sto. “Pepot” R. Domingo graduated from the Uni- versity of the Philippines in 1972 with a degree in Political Science. He has worked with the Philippine American Life & General Insurance Company since 1973 up to the pre- sent. Pepot’s career spans over 3 decades of experience and expertise in the financial services industry more spe- cifically in life and general insurance. He rose from being a life insurance underwriter to become the Chief Agency Officer and Head of Sales and Marketing of the leading and largest life insurance company in the country. He managed and led a huge agency sales force with over 10,000 agents and 120 agencies that sus- tained the company’s market leader- ship up to this time. Having retired from corporate life five years ago, he runs his own insurance agency, Sto. Domingo & Associates, for 5 years now with 135 Financial Advisors across the nation. A growing agency, he mentors his own advisors in providing consultancy about finan- cial planning and/or any investment advisory. He joined the Rotary Club of Ba- gumbayan-Manila in 1991 and be- came an active club member and di- rector. Because of his leadership qualities, he was elected club presi- dent for RY 2006-2007 under Past District Governor Lyne Abanilla. He excelled as club president in all avenues of service. With his able leadership coupled with his baritone voice which commanded the respect accorded to a commander-in-chief, the club received its fifth Overall Most Outstanding Club Award and President Pepot the Overall Most Outstanding Club President Award. ISSUE 4 OCTOBER 16, 2012 VOLUME 1 THE FOUR-WAY TEST UN- FOLDED ........................ 1 OCTOBER 2012 HIGHLIGHTS OF ACTIVITIES ................ 2 OCTOBER 24, 2012 IS WORLD POLIO DAY! LET’S SPREAD AWARENESS! ............2 MAGICAL ROTARY CLUB OF MANILA MAGIC OFFICIAL NEWSLETTER Times “Someone's sitting in the shade today because someone planted a tree a long time ago.” That’s how Warren Buffet, one of the richest man in the planet, looks at how we manage our finances. In this uber-materialistic world, its just too hard to save-up or even make our hard-earned money grow. Luckily, we have the best person to learn from, Our Magical Speaker:

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The Official Newsletter of the Rotary Club of Manila Magic, Rotary International District 3810, Philippines. Volume 1, Issue 4, October 16, 2012

TRANSCRIPT

Know Thy Four-Way Test The simple and straightforward Four Way Test was written by Chicago Rotarian Herbert J. Taylor in 1932. The test was primarily written for his bankrupt Club Aluminium Company. Herb actually gave up his job in in order to join 250 other employees onboard the so-called “sinking ship”. The most sig-nificant and practical example of the test in action concerned an incident involving a printing contract. One local printer won an order from Herb’s company beating all other tenders. The printer, however, soon realised that he had under-estimated his quote by $500. Legally, Club Aluminium could ignore the printer’s appeals and compel him to fulfil his side of the contract. Club Aluminium was deeply in debt and had acted in good faith but Herb asked his board to reconsider and pay the printer the extra $500. Remember the second line of the test, he told his fellow directors, - “is it fair to all con-cerned?” Club Aluminium’s future grew brighter and brighter and in five years had pulled itself out of the red. Perhaps, the test had real, practical benefits.

PP JOSEFINO STO. DOMINGO Past President Josefino Sto. “Pepot” R. Domingo graduated from the Uni-versity of the Philippines in 1972 with a degree in Political Science. He has worked with the Philippine American Life & General Insurance Company since 1973 up to the pre-sent.

Pepot’s career spans over 3 decades of experience and expertise in the financial services industry more spe-cifically in life and general insurance. He rose from being a life insurance underwriter to become the Chief Agency Officer and Head of Sales and Marketing of the leading and largest life insurance company in the country. He managed and led a huge agency sales force with over 10,000 agents and 120 agencies that sus-tained the company’s market leader-ship up to this time.

Having retired from corporate life five years ago, he runs his own insurance

agency, Sto. Domingo & Associates, for 5 years now with 135 Financial Advisors across the nation. A growing agency, he mentors his own advisors in providing consultancy about finan-cial planning and/or any investment advisory. He joined the Rotary Club of Ba-gumbayan-Manila in 1991 and be-came an active club member and di-rector. Because of his leadership qualities, he was elected club presi-dent for RY 2006-2007 under Past District Governor Lyne Abanilla. He excelled as club president in all avenues of service. With his able leadership coupled with his baritone voice which commanded the respect accorded to a commander-in-chief, the club received its fifth Overall Most Outstanding Club Award and President Pepot the Overall Most Outstanding Club President Award.

ISSUE 4 OCTOBER 16, 2012 VOLUME 1 THE FOUR-WAY TEST UN-

FOLDED ........................ 1

OCTOBER 2012

HIGHLIGHTS OF

ACTIVITIES ................ 2

OCTOBER 24, 2012 IS

WORLD POLIO DAY!

LET’S SPREAD

AWARENESS!............2 MAGICAL R O T AR Y C L U B O F M AN I L A M AG I C OF F IC I AL N EW SLET T ER Times “Someone's sitting in the shade today because someone planted a tree a long

time ago.” That’s how Warren Buffet, one of the richest man in the planet,

looks at how we manage our finances. In this uber-materialistic world, its just

too hard to save-up or even make our hard-earned money grow. Luckily, we

have the best person to learn from, Our Magical Speaker:

ROTARIANS GEARING UP FOR

WORLD POLIO DAY By Dan Nixon

Rotary News -- 15 October 2012

Rotarians are getting ready to launch events linked to World Polio Day, 24 October, in sup-port of the Global Polio Eradica-tion Initiative. Led by RI President Sakuji Tanaka, International Polio-Plus Committee Chair Robert Scott, and Rotary Foundation Trustee Stephanie Urchick, delegates to the Rotary institute for zones 24-32 in Vancouver, British Columbia, Canada, will take part in a downtown walk and rally on 19 October. One hundred of the participants will carry signs bearing the End Polio Now message. In District 1090 (England), District Governor Judith Di-ment plans a World Polio Day drive-athon, in which she will travel to each of the district’s 62 clubs. “Rotarians will be giving

out the new district Rotary newspaper, which leads with a polio story, as well collecting funds and briefing the local me-dia,” says Diment, who is the PolioPlus National Advocacy Adviser for the United Kingdom. “On 28 October, we are having a Rotary Polio Day at a rugby match, where we will give out newspapers and collect money for polio.”

Rotarians in Pakistan are pub-

lishing a four-page supplement

in The News, the leading Eng-

lish-language daily newspaper,

which is circulated nationwide.

“This will help us create aware-

ness and also project the role of

Rotary in polio eradication,”

says Aziz Memon, chair of the

Pakistan PolioPlus Commit-

tee.

MAGICAL MEETING:

Financial Planning for

Young Professionals

October 16, 2012

Petra & Pilar

Dinner/Fellowship

Call to Order

CP Charlie Chua

Invocation

Rotarian Marge Tongko

National Anthem

Introduction of Guests

Happy Bucks

VP Oliver Alvarez

Announcements

President’s Time

CP Charlie Chua

Introduction of Guest

Speaker

Rotarian Michelle Arce

Talk of Guest of Honor

PP Pepot Sto. Domingo

Open Forum

Presentation of Token of

Appreciation

Magical Times Unit 17-J, Tower 2,

Avida Towers Makati West

Yakal St., San Antonio Village,

Makati City, 1203, Philippines

MagicalRotary

@RotaryManila

Inter-City Meeting w/ RC Cosmo Timog (9.19.2012) Contis, Greenbelt 2

CP Charlie at Special PETS (9.22.2012) Aloha Hotel, Manila

RC Ermita 22nd Induction (9.22.2012) Allegria Lounge, Manila Pavillon

District Oktoberfest (10.6.2012) One Espalanade, Pasay City

VP Oliver’s Fellowship with Davao Rotarians

(10.13.2012) Chippens, Davao City