China's Huawei is set to reward employee shareholders with a 3 percent rise...
HONG KONG - China’s Huawei is set to reward employee shareholders with a 3 percent rise in cash dividends that are worth billions of dollars, according to company sources and Reuters calculations - a move expected to boost morale as it battles a U.S.-led drive against its telecom gear.
Known for its so-called “wolf culture” that demands high levels of dedication from employees in return for high pay, Huawei Technologies Ltd boasts that some 80,000 of its workers own nearly all of the company’s shares - a scheme viewed as unique for a firm of its size. “I am satisfied with the number given the macro environment,” said one of sources. Like the other employee shareholders, the source was not authorized to speak to the media and asked not to be identified.
Huawei has repeatedly denied its equipment represents a security risk and Meng has said she is innocent of the allegations made against her.Unlisted Huawei discloses very little about its employee shareholder scheme beyond the number of participants and the 1.14 percent holding of founder Ren. Analysts said the calculations of total dividend payouts seemed accurate based on available information.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Exclusive: HSBC probe helped lead to U.S. charges against Huawei CFOEXCLUSIVE: How HSBC internal investigation helped lead to U.S. charges against Huawei via karen_freifeld stecklow
और पढो »
Huawei units plead not guilty to U.S. trade secret theftHuawei Device Co Ltd and Huawei Device USA Inc pleaded not guilty to U.S. fraud,...
और पढो »
Trump says Huawei charges on the table in China trade talksTrump suggested that criminal charges against Chinese telecom giant Huawei and one of its top executives could be used as a bargaining chip in his administration's ongoing trade negotiations with China
और पढो »
Video of kids singing 'Huawei is beautiful' goes viral in ChinaA video showing kids singing patriotic lyrics about embattled Chinese technology giant Huawei has gone viral, according to Communist Party-run news agency Global Times.
और पढो »
Gulf State, Eying China Largesse, Rebuffs U.S. on HuaweiThe United Arab Emirates says it will deploy a 5G network this year developed by Huawei, dealing a blow from a major U.S. ally to American efforts to undercut the Chinese telecommunications giant.
और पढो »
Top US official urges allies to reject 'deceitful' Huawei citing China spying fearsA top U.S. government official made the case against Huawei at the Mobile World Congress in Barcelona, the telecom industry's biggest trade show where the Chinese firm has a massive presence.
और पढो »
Merkel seeking no-spying deal with China over Huawei issue: magazineChancellor Angela Merkel wants to agree a deal with China not to spy on each oth...
और पढो »