Fok learns the hard way that risk isn't always its own reward Who says you can't own too many houses? Hong Kong's richest salaryman, Hutchison Whampoa group managing director Canning Fok Kin-ning, yesterday found his European business trip rudely interrupted by news that sublease tenants had turned his luxury Vancouver home into Canada's biggest drug lab. The 2,500 sq ft house in West Point Grey was transformed into a factory making the drug Ice and stocked with noxious chemicals. 'In response to the unfortunate incident that happened to my property in Vancouver, I would like to state that the property in question is a family investment property, which has been leased through a real estate agent,' Mr Fok said in a statement yesterday. 'Thanks to the efficiency of the Canadian Police, the crime has been stopped and the case is now under their investigation.' Mr Fok also owns homes away from home in at least two other cities, London and Dongguan. But with an income of $136.64 million last year, he might want to consider whether renting them out for a few extra pennies is worth the risk. wheelock chiefs outdo themselves The big wheels at Wheelock Holdings enjoyed a bumper 2004. According to the company's annual report, the remuneration of its highest paid executive - believed to be chairman Peter Woo Kwong-ching - more than doubled from 2003 to between $8 million and $8.5 million. Three other executives made $2.5 million to $4.5 million. All in all, a much better showing than 2003 when only one other executive besides Mr Woo took home more than $1 million. You might remember that Wheelock's profit grew 81 per cent to $4.16 billion last year. Another case of company executives outperforming their own company. cabbage patch kids Only time will tell whether Standard Chartered Bank's investment in Korea First Bank will turn sweet or sour. For now, let's just say the experience is proving a spicy one. Some 4,000 bottles of Korea's national snack, kimchee, were distributed yesterday to Hong Kong employees in honour of the bank's designated 'Korea Day', conceived to 'welcome Korea First Bank to its international family'. The kimchee was carried by three representatives from Korea First Bank, who arrived in Hong Kong to kick off a week of activities organised around Korean food, movies and music. fishy business If your kids liked Ocean's 11 and 12, the movies that is, you might want to bring them to Hong Kong's very own Ocean's 10. Morgan Stanley yesterday donated $550,000 to the World Wildlife Fund and Hong Kong Youth Arts Festival in a new three-year 'Ocean's 10' programme aimed at raising Hong Kong schoolchildren's awareness of marine life and habitats, in part by highlighting 10 marine species. These include the horseshoe crab, which somehow manages to survive in the muddy waters of Deep Bay. In keeping with the aquatic theme, most of the money was raised by the bank's dragonboat team. For more information, see www.wwf.org.hk where to stick it New World Telephone is marking its 10th anniversary by giving a memento pin to each member of its 600-strong staff. The company's birthday is tomorrow, when the pins will be distributed with employees' pay stubs. They will be followed by a different pin each month for the rest of the year. Wouldn't a 10th anniversary across-the-board raise been a better idea?