from software paypig

a cool (brr) dude

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Joined 4 years ago
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Cake day: May 14th, 2020

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  • The report says this:

    First and foremost, as discussed above, employees own the majority of the Huawei’s shares issued, and Huawei has been an “employee-owned company” at least since 2011 according to the available Annual reports show. Second, the highest decision-making body in corporate governance is the Commission, comprised of representatives directly elected by employee shareholders one vote one share. Shareholders’ representatives exercise voting rights on important management matters such as the election of directors and auditors, on behalf of employee shareholders. Third, BOD is the highest body in management strategy, business operations and customer satisfaction underneath the Commission. All directors and auditors are elected from employees. Currently, all of them are employee shareholders. Fourth, Ren Zhengfei has a right of veto.75 Ren Zhengfei himself responded to a reporter that “This comes with a time limit and when the new rules76 were passed this limit77 was extended. I do not exercise my right to veto unless there is a major problem78” (Bilibili Z Generation Paradise, 2019)79. In this regard, Jiangxi Sheng, the chief secretary of Huawei’s BOD, told reporters at the Southern China Morning Post that “These rules were the Governance Charter” and went on to say that the Governance Charter strictly stipulates the important matters subject to the exercise of the right of veto, citing management personnel and capital increase as two such examples.

    It’s a representative system within the company. I think this is what you meant.


  • I really don’t have any way to disprove this. There have been two English language studies into Huawei’s structure. The earlier one by Balding et al tries to claim that it is employee owned in name only but there is a more recent one by a Japanese university that contradicts this fact. Interestingly neither of the studies raise issues about significatly unequitable profit sharing so there’s that. The founder of the company owns about 1% of the shares.





  • Britain renamed Bharat to India

    This is not entirely correct because India as a consolidated nation state did not exist when Brits entered the scene. It was rather a patchwork of empires. This was also the case until right before independence when Congress had to do a mad dash to convince the various princely kingdoms become a part of India by either the use of bribes or force.

    This name change is a ploy to appease their Hindu nationalist constitutents and imbue in them a sense of pride and dignity without providing any material benefits. It also alienates the non-Hindu Indians because that’s just what BJP does. They have been changing Urdu names to Hindi ones (example Allahabad→Prayagraj) for this very reason. Honestly, I feel if people knew what BJP did (and is doing) in Uttar Pradesh (a province) with Babri Masjid and making it a site for Hindu religious tourism they would understand how venomous BJP’s rhetoric and agenda are but it’s a whole can of worms.