• Pili [any, any]@hexbear.net
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    1 day ago

    Thanks for the info!

    Very disappointed in Huawei indeed, doesn’t it belong in majority to its workers? Why wouldn’t they grant themselves some paid leaves?

    • xiaohongshu [none/use name]@hexbear.net
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      14 hours ago

      Employees can own “virtual shares” if they demonstrate certain competency (due to historical reasons when Huawei nearly went bankrupt rather than as a business model) but do not have voting rights as shareholders.

      To own virtual shares, an employee has to sign a “Strivers Agreement” that automatically forgoes annual leave and other benefits like maternity leave in exchange for higher pay, bonus, dividend payout and promotion opportunities. There are actually papers written about it.