The Chinese telecoms giant won't be listing itself on any public exchange, and the founder's kids won't be taking up the reins either - as their dad reckons they're not up to the job. Ren Zhengfei, who founded Huawei with a fistful of cash back in 1988, is now 68 years of age. Rumours have been circulating that he'd pass control …
A Western face at the top?
Someone who can go toe to toe with grandstanding US politicians, perhaps?
"When questioned by the US House of Representatives, Huawei admitted that the CEO can overrule the ESOP, and that the Communist Party maintains a committee within Huawei, though the power that Committee wields is speculative."
This is SOP at all Chinese companies, it doesn't mean that they are all beholden to the Party. In the same way they all need to have an "information security group" to advise on data security.
Re: Communist Party
except the "information security group" don't usually require brown envelopes full of money to approve new projects/deals. of course Beer, Curry and cattle prods usually help
I heard they laughed and said they'd gladly reciprocate whatever assurances Google were able to confirm.
You'll find him in the Connectivity Department.
Dear Ray Bill ..
Mr. Ren would like his surname back. Yes,I know it's complicated... but do try to keep up.
- On the matter of shooting down Amazon delivery drones with shotguns
- Review Bring Your Own Disks: The Synology DS214 network storage box
- OHM MY GOD! Move over graphene, here comes '100% PERFECT' stanene
- IT MELTDOWN ruins Cyber Monday for RBS, Natwest customers
- Google's new cloud CRUSHES Amazon in RAM battle