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Vigilante pours cold water on Watson's logic

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Why you can trust SCMP

IT'S not too early to start nominate Person of the Year 1995, so we'd like to put forward someone who we'll call Mr Price Vigilante.

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Mr PV is tired of inflation, just like everyone else in the territory. But, unlike the rest of us, he's doing something about it. Every time someone notifies him of a price increase, he writes and demands an explanation.

The latest target is the hapless Mr Tsui of Watson's mineral water, who signed the letter to all customers saying that prices were going up 8.9 per cent.

This was the letter we discussed a few weeks ago, which informed customers of a price increase and ended with a cheery festive message.

Mr PV immediately fired off a letter saying he was 'astounded and affronted by the audacity of your letter' and added: 'Your salary bill to your directors may have increased at that rate, the rate of inflation has not.' A direct hit to Mr PV on that one. Watson's is part of Hutchison Whampoa, whose total boardroom payout including share options increased by 82 per cent to $122 million last year - probably the highest ever paid by a Hong Kong company.

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In demanding an explanation of the price rise, Mr PV prompted a display of some astounding logic.

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