August 30, 1987
"Michael is one of my best friends in the business, but I'd rather have a buffer dealing with him. It's because he's such a persistent salesman. He's a bulldog. He grabs you by the pants and is still there shaking you when you're trying to get away." --JAMES CAYWOOD, PACIFIC CENTURY GROUP "The more leveraged takeovers and buyouts today, the more bankruptcies tomorrow." --JOHN SHAD, FORMER CHAIRMAN, SECURITIES AND EXCHANGE COMMISSION "I don't think money has anything to do with what he does.
November 13, 1986 |
Strapped by a drastic decline in interest income, city officials are considering hiring a professional money management firm to increase earnings on the city's $22-million portfolio. City officials are reviewing proposals from several firms that claim that they can increase the city's interest income by as much as $300,000. The city plans to turn over roughly a quarter of its portfolio to a private investment group for a one-year trial, City Manager Arthur E. Jones said.
April 11, 1994 |
In an office unusually Spartan for one of Hong Kong's business elite, Richard Li calls out to his secretary to bring him a pen. "I'm in transition . . . moving from one office into another," explains Li, who last year turned down an offer from his father, billionaire Li Kashing, to be managing director of Hutchison Whampoa Ltd., the flagship conglomerate of the family empire. Instead, he accepted a lesser position in the family firm and set up his own company, Pacific Century Group.
February 14, 1985 |
After a two-day breather, the stock market resumed its 1985 rally Wednesday with a broad surge that took the Dow Jones industrial index up 21.31 points to a record 1,297.92 and set records in several broader market indicators. Analysts attributed the rise to investors' assumptions that interest rates will continue to decline and that inflation will remain low.
March 29, 2001 |
Last year at this time, the poster child for Asia's dot-com craze was Hong Kong entrepreneur Richard Li--the upbeat chairman of a flashy new company called Pacific Century CyberWorks Ltd. who cast himself as a Stanford grad with a can't-miss vision for the future. But falls have been fast for "new-economy" companies in Asia, and the situation has deteriorated so much that Li didn't even show up Wednesday when PCCW announced its annual results at a packed news conference.