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
this post was submitted on 29 Mar 2024
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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.
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
Nice, thanks!
On god?!?!? Thats dope af, ill look into it
Real stats nerds care about medians not averages.
real stats nerds care about skew and kurtosis