Huawei, privately owned by staff, pays out US$9.65b dividends to staff
#1

Published: 3:10pm, 5 Apr, 2022


Huawei Technologies paid out dividends totalling 61.4 billion yuan (US$9.65 billion) to current and retired workers in its employee shareholder scheme

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Some 131,507 current and former workers are involved in the shareholder scheme, according to the company’s 2021 annual report released last week. The company is private and wholly owned by its employees

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Huawei is 100-per cent owned by employees, including its founder Ren Zhengfei. The staff shareholding structure, most famously practised by the UK department store chain the John Lewis Partnership, turns eligible employees into stakeholders.

Huawei is owned by a holding company called Huawei Investment & Holding, with two shareholders: Ren with 0.94 per cent, and an entity called the Union of Huawei Investment & Holding, which holds the remaining 99.06 per cent on behalf of eligible employees.

Huawei enacted its Employee Stock Ownership Plan (ESOP) in 1987 at its establishment, and implemented it in 2003 two years after Shenzhen’s local authorities laid the rules for it. Managers recommend the shares entitled by their team members as part of their pay, based on performance.

The shares are not granted freely, but must be bought for a price calculated from Huawei’s asset value per share from the preceding year. The shares cannot be traded among staff, but can be sold back to the union

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Retired employees also own stakes, but those who leave Huawei’s employment must sell their shares back if they’ve worked at the company for less than eight years.


Full report at: https://www.scmp.com/business/article/31...ired-staff
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#2

Moronic kokee say tax payer money hor
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#3

nudie nudie Huawei employee huat arh huat arh
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#4

Moronic kokee money comes from taxpayers hor
Really moronic kokee where in world taxpayers money save private companies hor moronic hiaz
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#5

Kokee very dulan work for Huawei for 60 yrs get nothing.🤣🤣🤣
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#6

(06-04-2022, 08:57 AM)Levin Wrote:  Published: 3:10pm, 5 Apr, 2022


Huawei Technologies paid out dividends totalling 61.4 billion yuan (US$9.65 billion) to current and retired workers in its employee shareholder scheme

......

Some 131,507 current and former workers are involved in the shareholder scheme, according to the company’s 2021 annual report released last week. The company is private and wholly owned by its employees

......

Huawei is 100-per cent owned by employees, including its founder Ren Zhengfei. The staff shareholding structure, most famously practised by the UK department store chain the John Lewis Partnership, turns eligible employees into stakeholders.

Huawei is owned by a holding company called Huawei Investment & Holding, with two shareholders: Ren with 0.94 per cent, and an entity called the Union of Huawei Investment & Holding, which holds the remaining 99.06 per cent on behalf of eligible employees.

Huawei enacted its Employee Stock Ownership Plan (ESOP) in 1987 at its establishment, and implemented it in 2003 two years after Shenzhen’s local authorities laid the rules for it. Managers recommend the shares entitled by their team members as part of their pay, based on performance.

The shares are not granted freely, but must be bought for a price calculated from Huawei’s asset value per share from the preceding year. The shares cannot be traded among staff, but can be sold back to the union

......

Retired employees also own stakes, but those who leave Huawei’s employment must sell their shares back if they’ve worked at the company for less than eight years.


Full report at: https://www.scmp.com/business/article/31...ired-staff

wow 64.1b to even retired workers aso.

no wonder brainless moronic no nut flg basters so sour
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#7

(30-03-2022, 07:40 AM)kokee Wrote:  do all know how much huawei waste on china taxpayers' money every yr, LOL LOL.



华为岌岌可危的财务黑洞,都来看看华为一年亏掉多少民脂民膏!



now whole world know huawei profit & money come from where, china taxpayers.
supposedly from sold of honor brand, but where is honor in & outside china today> LOL LOL, who pay so much & throw away the junk>
huawei lost is easily $200B, but result is profit, china taxpayer sibei song!!!!



5G晶片受阻,手機銷量暴跌77%,又被上汽集團拋棄,華為虧損超過2000億,這個冬天比想像中更寒冷,華為想翻身希望渺茫。

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#8

Kokee pray that Apple will give him $1 for each angmo cok he sucks.🤣🤣🤣
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#9

(06-04-2022, 10:35 AM)moronic kokee your uncle laughing at you horFleetdestroyer Wrote:  Moronic kokee money comes from taxpayers hor
Really moronic kokee where in world taxpayers money save private companies hor moronic hiaz
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