Word: li
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Dates: during 1980-1989
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Seventeen students have been trained byattorney Terry McLarney to help ex-employeesappeal their cases, said Steven M. H. Li '88,co-founder of the project...
...internships areresearch-oriented...This is unique in that it letsyou advocate on behalf of somebody," Li said."We've been really happy with how committed andenthusiastic the students have been...
Though attention has focused on Li's closing of the exchange, that seems to have had nothing to do with his arrest. Officials say his detention resulted from a probe, launched before the crash, of the exchange's operations. The Hong Kong market, which has been almost unregulated, is known for its anything-goes philosophy. Insider trading is not discouraged, much less prosecuted, and there are few financial disclosure requirements for companies that list shares on the exchange...
...Li, who inherited a family business that included shipping interests, multiplied his money through astute investments in stocks and real estate around the world. He helped set up the Far East Stock Exchange in 1969 and then merged it with three similar operations in 1986 to form the Hong Kong Exchange. Critics say Li has run the operation as a club for a small group of Hong Kong businessmen. Reports have circulated, for example, that preferred investors have been able to buy new issues at artificially low prices...
...government has made no such accusations against Li and has not said whether he will face any charges at all. But the authorities have moved to overhaul the exchange's management. Li had given up the title of chairman in December because of a rule limiting him to two consecutive one-year terms. Now he and his closest associates, including Sun and Tsang, have been excluded from the exchange's reorganized governing committee. Some Hong Kong traders were concerned about how the market would react to Li's arrest. Investors, however, seemed to applaud the government's crackdown. Last week...