One dad good, two dads better It obviously helps being a mainland tycoon if you can lay claim to an illustrious family's bloodlines. But Wang Zheng, chairman of Shenzhen-listed Rongfeng Holding Group, a petroleum-to-recreational services conglomerate, lays claim to being from two ... with two different fathers. Wang, 46, who made headlines recently with a bid to acquire ATV and a pledge to turn the station into an Asian CNN, is widely known as the son of the late Shu Tong, a Shandong party chief in the 1950s and friend of Mao Zedong. However, in a filing to the Shenzhen Stock Exchange regarding an acquisition by Rongfeng in January, Wang claimed to be the son of 86-year-old Sheng Yunan, a descendant of Sheng Xuanhuai, who was the richest official/businessman in the Qing dynasty. Apparently, it is not unknown for Wang on some occasions to tell reporters his old man is Shu and, on others, to say he is a descendant of Sheng Xuanhuai. There are some amazing stories about how Wang made his money after arriving in Hong Kong in the 1990s, earning just HK$5,000 a month before finally amassing enough to invest in leveraged land purchases and real estate to make the millions he enjoys today. In need of a really long holiday Since the financial crisis, we have been bombarded by phrases such as budget deficits, trade deficits and current account deficits. Now, some countries may even have to tackle a new form of shortfall - the vacation deficit. South Korea is said to be suffering a serious vacation deficit and the government is desperately trying to force workers to take time off. (We wouldn't mind having our arms twisted to take more holidays). The problem stems from decades of South Koreans being told to make personal sacrifices to build the country's economy and, after years of hard work, many of them have become work junkies. According to the Organisation of Economic Co-operation and Development, South Koreans are officially 'world-champion workaholics'. The government issued a directive in January, ordering its one million state workers to submit holiday plans to their bosses. Sounds like a plan, but the problem is the bosses aren't keen on taking leave either. Now what? As a last resort, they brought in a holiday specialist from Germany to head the Korea Tourism Organisation. They hope the new chap can teach Koreans how to enjoy life. Don't hold your breath! Even the president, Lee Myung-bak, who first raised the vacation crisis alarm last year, is a reluctant holidaymaker. His personal tally since taking office in early 2008: four days. There's football crazies ... We know quite a few football-crazy people, but Jim O'Neill, head of global economic research for Goldman Sachs, takes some beating. It appears he has put his job on the line over his love of Manchester United. O'Neill is best known as the financial wizard who came up with the acronym BRIC to refer to the economies of Brazil, Russia, India and China. Now he is becoming involved with a group of wealthy supporters calling themselves the Red Knights who are trying to wrest control of the heavily indebted English Premier League champions from the Glazer family. The trouble is, the Glazers, who insist that the club is not for sale, are clients of Goldman and have threatened to withdraw their business from the bank, according to reports in Britain. O'Neill, who unlike most Manchester United fans was actually brought up in the city, is likely to resign rather than withdraw from the Red Knights, people who know him say. Looks like he's dropped another brick. Take a crack at real fat cats Here's some food for thought. The next time someone complains about chief executives' pay and bonuses, don't forget to ask: what about the pay of those fat cats who are setting the chief executives' pay - the board of directors? It's about time we directed some of the criticism at those at the very top of the corporate ladder.