Pong Cha Cha Cha

The Economist made a recent mention of a top banker who had agreed to pay for eight years of dancing lessons with HK$120 million (you didn't read wrongly) and caused a little ripple in HK.

Mimi Wong is now suing one of her teachers - Mirko Saccani and Gaynor Fairweather, a 15-time world champion Latin dancer - for the return of HK$62m she had paid them up front, after this Mirko abused and threatened her before a large group of dancers two years ago. This Mimi Wong is the chief executive of private banking at HSBC.

So let's see..$120mil over 8 years would be $15mil per year or $1.25mil per month. Since this is in HK dollars, it would work out to be.. almost S$255K /month..US$161K/mth...UK$87,500/mth. And these guys don't even work 9-5. Wouldn't it be like getting one flabby busy executive into a sweat under one lesson a week for 2 hours? I am not even going to calculate their hourly rate now. The thought is staggering.

In NKF terms, that's like 5 peanuts per year.

Er..is dancing all they do?

Wah lao. If this is what she hands out for ballroom dancing, what is she being paid?