The implication is great but it’s actually a non-statement since it’s completely compatible with one person taking 140000x that amount and everyone else sharing basically nothing. I tried reading through their annual English report and didn’t find any clarification. https://www-file.huawei.com/minisite/media/annual_report/annual_report_2023_en.pdf
Would be interesting to get an understanding of the income distribution at Huawei, or at least the median comp. Without it, it’s hard to say whether Huawei is better than a company like Amazon with an aristocratic techbro echelon and a huge number of warehouse slaves, which still may work out to have a high average comp.
Real stats nerds care about medians not averages.
real stats nerds care about skew and kurtosis
Huawei is run using cooperative structure and it’s entirely employee owned:
Huawei is 100% owned by 142,315 current employees and retired beneficiaries as of December 31 2022. Founder Ren Zhengfei’s investment accounts for nearly 0.73% of the Company’s total share capital.
https://www.huawei.com/en/media-center/company-facts
there’s also an older study on how profit sharing works in the company https://hbr.org/2015/09/huawei-a-case-study-of-when-profit-sharing-works
On god?!?!? Thats dope af, ill look into it
Nice, thanks!
