Hopes that richard li will offload pccw to daddy give stock a boost Forgive the mixed metaphor, but during a bull run, every dog has its day. Unloved PCCW chalked up an almost unimaginable gain of 6.88 per cent yesterday. On the other hand the people's favourite, China Mobile, has lost 5 per cent in two trading days. The jump in PCCW can only be put down to the market believing that Richard Li Tzar-kai is on the verge of dumping the company on his father Li Ka-shing and the old fox's favourite banker Francis Leung Pak-to. China Mobile's stumble was apparently on fears that Vodafone would sell its 3.27 per cent stake, which it bought for HK$25 billion and is now worth HK$41.6 billion. Apparently some disgruntled Vodafone investors think those paper profits would look even better in the company kitty. Lecture on capitalism You may not know that Philip Chen Nan-lok, chief executive of Cathay Pacific Airways, is an expert in organisational behaviour, having done his MBA thesis on the co-existence of different corporate cultures under the same business umbrella. Who knows, it may even have helped him to cut the deal with China National Aviation Corp that brought Dragonair into the Cathay family. Mr Chen is looking forward to next Tuesday's visit by Professor Gordon Redding, who is regarded as one of the high priests of cross-cultural business studies. He'll be here to lecture local alumni of the Manchester Business School on the topic of why capitalism thrives in some places and is such a dismal failure in others. Professor Redding is the founding director of the University of Hong Kong School of Business, where the airline supremo taught a part-time MBA course in marketing 20 years ago. 'He is quite controversial,' Mr Chen said of his former colleague. 'His theories make us aware of our blind spots.' Professor Redding was one of the earliest students of what he calls the DNA of Chinese companies. He is well known for his book The Spirit of Chinese Capitalism. We're told that some tickets to his lecture are available to non-Manchester Business School alumni. For information visit www.mbs-worldwide.edu.hk/alumni/events/ Recipe for disaster Cathay Pacific has become something of a publishing house in its own right, launching its third book yesterday. A Taste of Home - Cathay Pacific Best Chinese Food in the Air contains the recipes for the top 40 Chinese dishes served on board. (Previous publications focused on its pilots and its flight attendants.) With all due respect to Cathay and every other airline that makes an effort to serve interesting meals, for Lai See a good flight is one that is short enough to allow him to eat at a proper restaurant on the ground. The airline meal has yet to be prepared that would cause him to favour one carrier over another. Plenty of change for good While it may be overdoing its culinary pretensions, Cathay deserves plenty of praise for its Change for Good programme, where travellers can empty their pockets of unwanted change - particularly the foreign kind that may not be used again for years - for the benefit of needy children. Passengers have been dumping coins by the handful into the Change for Good bins since 1991, contributing HK$74 million for Unicef. Last year, HK$10 million was collected. We're told the airline handles 30,000 coins a week. Only the bus companies before the invention of the Octopus card had a bigger change-sorting job to do. Counting for dollars Like most tycoons Ronnie Chan Chichung knows the importance of mathematics but unlike most he has gone out of his way to encourage its study. Shortly after doing a HK$6.6 billion placement, his Hang Lung Properties sponsored its second mathematics contest for local secondary school students. The contest, whose patron is Yau Shing-tung, a local mathematician and past winner of the prestigious Fields Medal, offered HK$1 million in prizes for students and teachers.