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this post was submitted on 20 Jun 2025
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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?
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.