this post was submitted on 06 Sep 2023
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That’s cool as fuck actually
I'm sure the top 0.1% take home 90% of the profits, so likely not cool.
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.
As a gross generalisation I think large company management in China is broadly equivalent to provincial management (citizens have a say, but there is a hierarchy that responds to the party), is that what the Japanese report said?
The report says this:
It's a representative system within the company. I think this is what you meant.