Marine park over fantasyland, but at what cost?
Homegrown Ocean Park has been giving nasty American imperialist Disneyland a serious black eye this week. It is not just that its hugely popular jellyfish tank with a thousand globs is giving the US theme park a run for its money. A survey of 1,000 senior secondary school and university students found young people would prefer to work for the marine park in Aberdeen than fantasyland in Lantau by a wide margin.
San Hilton Education Group, which conducted the survey, asked respondents to pick the top 10 companies in Hong Kong they would like to work for when they graduate. Sony topped the chart, followed by HSBC and Cathay Pacific. Ocean Park ranked sixth, while Disney came in eighth, just ahead of Hang Seng Bank and Muji, the Japanese chain store.
Imagine - our kids prefer to work for a local entertainment deal with limited career opportunities than a global franchise.
While I can understand Hong Kong people's feeling of what the Germans call Schadenfreude at Disney's woes, let's not forget how much money each one of us has invested in the theme park. We don't know exactly because neither Disney nor our own government ever dared to disclose it.
But by corporate governance activist David Webb's estimate, it's $3,600 for every man, woman and child in Hong Kong, or 10 times what Disney invested. So, support your investment, even if it's a bad one.