Stock options are the fabled treasure for Alibaba directors In the story of Ali Baba and the Forty Thieves, the eponymous character found a treasure by using the words 'Open Sesame' and became a rich man. In the local version, Alibaba founder Jack Ma Yun and his 12 directors found a treasure with the word 'IPO' and became millionaires. According to the prospectus, Mr Ma will own about 7 per cent of the HK$60 billion company after it is listed, while chief executive David Wei Zhe will hold about 1 per cent. In total, eight managers will own a stake worth more than HK$5 billion - not bad for a nine-year old company specialised in providing online services for small to medium-sized companies on the mainland. Like other dotcom companies, Alibaba compensated its management team with generous stock options. For example, in the first half of this year, Mr Wei made 7.2 million yuan of which 6.3 million was from share-based compensation. Chairman Ma received no salary but his share-based compensation was worth 487,000 yuan. At a 100 times price to earnings, Alibaba is still a hot deal. Some market watchers predict it could draw more capital than the Google offering a few years ago. The firm has already secured a wide range of cornerstone investors such as Yahoo, Industrial and Commercial Bank of China, Cisco Systems, Foxconn International and Sun Hung Kai Properties' Kwok brothers. 'If you missed Google, you may not want to miss Alibaba,' Mr Ma told reporters on Monday. Coins add up for Tencent chief Also in the selling mood is Tencent Holdings chairman Ma Huateng, who has sold out more than HK$92 million worth of stock in the past two months. Yesterday, Mr Ma was disclosed to have sold 30,000 Tencent shares at HK$50.27 last week, cashing out HK$1.5 million. In October, the 36-year-old founder sold some HK$30 million worth of shares in five transactions, mostly at HK$55.95. Last month, he cashed out HK$61 million by selling 1.5 million shares at price between HK$40.25 and HK$46.50. Tencent is just a too humble name for grooming millionaires. Get rich and escape nagging Ever wonder why many of the second generation of Hong Kong's rich turn into entrepreneurs themselves? Consider the case of Shui On Construction and Materials chairman Vincent Lo Hong-sui, who told a group of students and teachers yesterday that he was scolded by his father Lo Ying-shek almost every day since joining Great Eagle Holdings after graduation. So he decided to set up his own company, Shui On Construction, at the age of 23. In the first seven years, Mr Lo said, he did not get a break before he made himself a rich man. Life just isn't working White-collar workers generally are making more money this year while working fewer hours. How much better can it get? The cruel fact is that many of us still work very long hours in Hong Kong and lack a work-life balance. According to a survey by Community Business, most Hongkongers worked an average of 49.2 hours a week this year, down from 51.3 hours last year. That was a bit less than 10 hours per day, but most of us (70 per cent) did not have two hours for our personal lives. Some 66 per cent of the respondents worked overtime each week, with 33 per cent working overtime every day. More than 33 per cent of those polled said they did not take annual leave entitlements. And 27 per cent of respondents said they would consider leaving the city to pursue better a work-life balance. Isn't it time for Hong Kong Inc to spare a thought on how to make employees happier? Lend a hand for 300,000 yuan What is the prevailing market price for a directorship at a top mainland listed company? Yesterday, China Unicom appointed Lee Suk Hwan as non-executive director and awarded him a 300,000 yuan annual director's fee. Mr Lee is chairman of SK Telecom (China), whose parent owns 6.6 per cent of China Unicom. Similarly, China Merchants Bank offered 300,000 yuan to Yi Xiqun, former Beijing Enterprise Holdings chairman, to be an independent non-executive director.