Octopus Shareholder Criticizes CEO Over Private Data Sales

The majority shareholder of Octopus Holdings Ltd. criticized the electronic payment company’s management over the sale of nearly 2 million customers’ private data and said the Octopus board must determine her status.

While Octopus Chief Executive Officer Prudence Chan remained in her job yesterday, the matter put the company’s reputation “at risk,” said Raymond Chien, chairman of Hong Kong’s MTR Corp., which holds 57.4 percent of Octopus.