He Hua has decided that when it comes to share allocations, women are worth only six-tenths of men.
In fact, Mr. Weinstein said, the only changes to share allocations that he has seen have resulted from flagrant and obvious errors made by the sponsor, and these were corrected by court order.
Maintenance payments are based on the number of shares allocated to each apartment, he said, and the share allocations were made when the co-op was formed by the sponsor.
The first amounts to getting kickbacks from money managers in return for share allocations.
Companies that were going public could use share allocations to secure business relationships and reward friends.
Nor is it correct to say that investment banking clients received preferential treatment or were rewarded with share allocations".
Some workers in state enterprises are holding on to their jobs, despite pitiful salaries, waiting to get their share allocations when the firms are equitised.
When I asked the managing agent about this, he said the share allocations (which determine maintenance charges) were based upon an appraisal performed decades ago when the building was converted to a co-op.
Trading began here despite an embarrassing mix-up that caused the share allocations to be misprinted in the newspapers on Wednesday morning, although the correct allocations were posted on the Web site of the Hong Kong Exchange, the local stock market.
Many Lloyds staff appear to adopt the same philosophy as the Public Accounts Committee when managing their own shareholdings, patiently waiting for the shares to rebound towards the 990p level at which (tax-free) profit-share allocations were distributed to employees over a decade ago.
He wants the return of all profits from the share allocations, as well as the $1.7 billion these men apparently got from selling shares in their own companies.The bulk of the complaint, however, has nothing to do with these deals, and everything to do with how Citigroup managed its investment research, described by the head of the bank's retail sales as "basically worthless".
