Career
Business
Herrera Luna was a successful sugar business man, developing Pantaleón Sugar Mill in Santa Lucía Cotzumalguapa, and Concepción and El Baúl sugar mills in Escuintla in the early 1900s. Pantaleón Sugar Holdings is today one of the top 10 sugar companies in America, with mills in Central and South America. Presidency
After Manuel Estrada Cabrera was overthrown on April 14, 1920, the Unionist Party leaders, who were mostly conservatives, dealt with the liberal leaders from the Cabrera"s regime such that they could appoint the new cabinet.
Under these circumstances, the deals that Estrada Cabrera had set with the United Fruit Company were sure to hold.
However, as an experienced business man, Herrera Luna realized that all of those concessions granted too much power to UFCO without any real benefit for Guatemala in return and did not accept them. = Education Herrera Luna granted several benefits to the National University after its valuable contributions to the revolution against Estrada Cabrera"s regime:
Autonomy to elect authorities
A house for the students to assemble and create their Student Body.
= Coup d"état Herrera was deposed in a coup, led by José María Orellana, in December 1921 after Herrera resisted to approve the concessions granted to the United Fruit Company and its subsidiaries by his predecessor, Manuel Estrada Cabrera. He subsequently went into exile in France.