Re:Britain knows it’s selling out its national security to H...
by DiogenesKynikos on Saturday February 01, 2020 @02:36PM
(#22212698)
> Huawei is “owned” by a labor union that is controlled by the party. They are in effect an arm of government.
That's a pretty thin argument. The employees' shares are managed through the union, because of laws that make it impossible for a privately-owned (i.e., not publicly traded) company to issue shares to large numbers of individuals. That union is a member of the national confederation of unions. It's a big leap to argue that that means the government runs Huawei. The connection is highly tenuous and indirect.
What is certain is that Ren Zhengfei, the founder of the company, has veto power over all major decisions of the company. If you were to try to identify the person in control of the company, he'd be it.
That's a pretty thin argument. The employees' shares are managed through the union, because of laws that make it impossible for a privately-owned (i.e., not publicly traded) company to issue shares to large numbers of individuals. That union is a member of the national confederation of unions. It's a big leap to argue that that means the government runs Huawei. The connection is highly tenuous and indirect.
What is certain is that Ren Zhengfei, the founder of the company, has veto power over all major decisions of the company. If you were to try to identify the person in control of the company, he'd be it.