Orient Overseas' New Captain Battens Down The Hatches

C.H. Tung's brother braces the shipping company for a price war

Being the boss for a change is a role C.C. Tung relishes. For decades, he worked as loyal lieutenant to his elder brother, 60-year-old shipping magnate C.H. Tung, the man who will run Hong Kong after July, 1997. So when C.H. stepped down last year as CEO of Orient Overseas (International) Ltd. to campaign to become Hong Kong's first chief executive, his younger brother needled him, saying that there was no turning back. "If he didn't get selected, he'd have to take out an ad in the [local newspaper] or go on a long vacation," C.C. Tung says with a laugh. "He won't be back here!"

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