Lenovo control and loss of state-owned assets

In the view of Zhang Jie, a financial observer, Lenovo’s problem is not only the loss of state-owned assets. Looking at it from a better level, what is more important is who has control of the company.

We always talk about the loss of state-owned assets, but more importantly, we need to ask a question: What is the state-owned control that cannot be lost? The state must have overall control over the entire market of ours. So when we talk about state-owned control, we don’t have to talk about public trust and private credit cooperatives. For a country, at the national political level, we are talking about sovereignty. For the economic level, for our country's economic security and our country's social security, we are talking about the state's control. Our country should have sufficient control over some key industries, and this control cannot be lost or controlled by others. So at this time we can say that in this market, even if it is self-operated or foreign-funded, it must have this control, and it must have control, including the current issue of Lenovo, the reduction of equity, and then even now. , the headquarters wants to be set up in New York and so on. Such an internationalization. What is the internationalization of some? It is to strengthen the power of this control of the state in the world. Some internationalization is a loss of national control, which is obviously unequal, and the difference is huge.

And is there a vaccine or prevention measures? This time it is clear that whether your key vaccine production capacity can be controlled by the state, even if it is private, but how to establish the control of the country? The control of the state is very important. Moreover, Westerners have a very high level of control. Including people like Ali, what did Ali say at that time? Saying that the management team controls the company but not the major shareholders is equivalent to saying that Masayoshi Son has no control. Now all he writes is that it is the original board of directors. It turns out that the management team and the board of directors decide what to decide. that. But when I asked him, he missed it. Just ask who pays the director's salary? Directors' salaries are paid by shareholders, and especially for directors, the bulk of their biggest remuneration is options for the company's future development, right? So the options for the company's future development that involve changes in equity must be those shareholders who have the final say. More than 1/3 of the major shareholders must have absolute veto power. Please understand this background clearly, right? Who pays the salary and who is the boss? He can decide everything. Then this means the boss authorizes him to decide, right? Who is saying that, but how to pay wages? The boss has the final say.

So what you need to know here is that the control of a company is far more complicated than a shareholding. It has many complex structures and many agreements, some of which cannot see the light of day. And now in this situation of changing the national flag, what is more? The loss of the country's control means that the country's real control over the economy is lost, which means that the country's security and political power are about to change.

We are very happy that in fact, the Central Committee of the Communist Party of China has seen it, and has adjusted and stopped it in a timely manner, and the society has also noticed it, but the society may not necessarily elevate such a situation to From a theoretical perspective, I may not think this is a problem. Therefore, when he only accuses the loss of state-owned assets, he does not grasp the crux of the problem.