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Government Businesses China United States Technology

US Forces Smartphone Giant ZTE To Fire Its CEO, Leadership Team (arstechnica.com) 87

An anonymous reader quotes a report from Ars Technica: The Chinese smartphone giant ZTE has completely replaced its corporate leadership, naming new people to be CEO, CTO, CFO, and several vice presidents. The new CEO of ZTE will be Xu Ziyang, a former head of ZTE's German operations who has worked at the company for two decades. The move comes a week after ZTE named a new board of directors. The U.S. government demanded that ZTE make these changes as a condition of lifting a crippling export ban against the company.
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US Forces Smartphone Giant ZTE To Fire Its CEO, Leadership Team

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  • by olsmeister ( 1488789 ) on Friday July 06, 2018 @08:02AM (#56901372)
    CEO becomes CTO, CTO -> CFO, CFO -> CEO.

    Trump Administration: OK, you're good!
    • by DontBeAMoran ( 4843879 ) on Friday July 06, 2018 @08:14AM (#56901426)

      CEO, CTO, CFO, GTFO...

    • There's a part of me that's always skeptical of things like this. For all we know, this was done as part of a favor for someone in the Chinese government in exchange for something else in return, like support for our position against North Korea.
      • You're "skeptical"? Why just skeptical? Trump basically said it was a favor for Xi and how worried he was about Chinese losing jobs:

        President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast. Too many jobs in China lost. Commerce Department has been instructed to get it done!
        - Donald Trump

        • Perhaps I didn't clarify what I meant. I meant to say that I was skeptical of the U.S. government doing this for reasons that are purely above board and that I do suspect there are ulterior motives in play.

          Also, why would you believe Trump when he says that unless you mostly take him at face value? I wouldn't put much stock in anything he says as what he says seems to change every 10 minutes. I don't treat things which he says that confirm to my beliefs any different than anything else he says anymore.
          • by Anonymous Coward

            Yes of course this was done as part of some international power play exchange. So what?

            If the leadership of some random Chinese business is forced out by Trump in exchange for China being useful with something that is actually important like freeing millions of North Koreans from a brutal psychopathic dictator then I say Go Trump!

      • There's a part of me that's always skeptical of things like this. For all we know, this was done as part of a favor for someone in the Chinese government in exchange for something else in return, like support for our position against North Korea.

        No no, it has to be about Trump's daughter!

        Because cool "progressives"!

      • What does ANY of this rearranging of the deck chairs on the Titanic have to do with backdoors on router/switches, the alleged cause of the ban?
    • CEO becomes CTO, CTO -> CFO, CFO -> CEO.

      . . . and in a further surprising and shocking announcement . . . the new CEO will be . . .

      . . . Kim Dotcom!

  • by Anonymous Coward

    Why is the government getting directly involved with specific businesses?

    • by willaien ( 2494962 ) on Friday July 06, 2018 @08:16AM (#56901432)

      Well, this company did specifically break various embargoes on trading with countries like Iran.

      As for why we're specifically doing business with ZTE and agreeing to import their stuff again, that might have something to do with the patents that were issued at the same time for Ivanka's products. https://www.nytimes.com/2018/0... [nytimes.com]

      • Err, Trademarks, not patents.

      • As for why we're specifically doing business with ZTE and agreeing to import their stuff again, that might have something to do with the patents that were issued at the same time for Ivanka's products.

        Trademarks, not patents. Plus you can drop the "might have something to do with" qualifier and replace it with "has a lot to do with".

        • Ivanka's trademarks came through, sure. Also, the Trump Organization got a 500 million dollar "loan" from Chinese banks.

          I doubt the trademarks were anything but the wrapping paper. After all, a lot of her trademarks came through right before the first meeting POTUS and Xi had.

    • by DontBeAMoran ( 4843879 ) on Friday July 06, 2018 @08:16AM (#56901438)

      1. U.S.A. government demand, backed by crippling export ban
      2. China government wants crippling export ban removed
      3. China government controls Chinese companies, unlike the U.S.A. where companies control the government

    • Re: (Score:3, Insightful)

      by jellomizer ( 103300 )

      The "National Security" Loophole in our legal system.
      I am less annoyed with Trump, but the Republican "Leadership" who is looking the other way and explaining away why all good points of the Republican Ideal is systematically being destroyed.

      I use to be a Republican, however the party in the past 18 years had slowly empowered the worst in their party, and discredited the moderate voices in the party as not being conservative enough, or American enough.

      I am all for Lower Taxes, Religious Liberties, Open Trad

      • by Notabadguy ( 961343 ) on Friday July 06, 2018 @09:18AM (#56901708)

        The "National Security" Loophole in our legal system.
        I am less annoyed with Trump, but the Republican "Leadership" who is looking the other way and explaining away why all good points of the Republican Ideal is systematically being destroyed.

        I use to be a Republican, however the party in the past 18 years had slowly empowered the worst in their party, and discredited the moderate voices in the party as not being conservative enough, or American enough.

        I am all for Lower Taxes, Religious Liberties, Open Trade, and reasonable regulations.
        I am not for Lowering Taxes without finding a way to pay for needed services.
        I am not for allowing for people of different faiths or none to be openly discriminated against, or bullied into thinking they are in the wrong.
        I am not for Trading harmful goods, or allowing trading partners to play by a different sets of rules.
        I am not for just getting rid of regulations because they are there and may be hard to follow.

        The debate has moved from logical reasons for taking policy, to attacking ways of life, that we as Americans should feel feel to follow whatever way of life we feel that we should follow.

        I used to be a Republican, I didn't leave the party, the party rejected me and left me on my own. In the two party system right now the Democrats, are no more centrist then the Republicans are. However they are more rational on views. And currently voting for a Democrat means more likly I am going to vote for someone who would be willing to put the greater good in front of their own ego.

        All the things you describe make you a Libertarian.

        • Re: (Score:2, Flamebait)

          by jellomizer ( 103300 )

          In a two party system, the Libertarian falls in the Republican Umbrella.

          • by Anonymous Coward

            > In a two party system, the Libertarian falls in the Republican Umbrella.
            Why do you think that? Neither major party is very good on personal liberty issues. But each has a few areas where they support some liberties.

          • by tkotz ( 3646593 )

            That mindset benefits Republicans, but I think the individual libertarian really has to look at which portion of the libertarian ideology they think is most important right now. Maybe legalizing marijuana seems immediately doable. Maybe someone is proposing modifying business regulations to encourage competition. Just always voting against incumbents is a great way to reduce consolidation of government power and as an off shoot cronyism.

        • by sjames ( 1099 )

          Probably not since he doesn't believe in tossing regulations just because they're regulations and he believes there are needed services.

      • Open Trade

        As a freethinker with a strong libertarian streak, I've always believed that open trade would be great; too bad China and the E.U. will never agree.

      • by Anonymous Coward

        Troll. None of the things you claim to profess have been pushed by the D since Kennedy lowered taxes in the 60s. The D of today would NEVER elect Kennedy today. You should either vote R or stay home because you are too ignorant to vote intelligently. Or as first stated, you are just a troll.

      • This might sound weird coming from a Democrat, but I'll tell you: don't Jedi Mind Trick yourself into voting for something you don't agree with just because you're mad. Neither of us are really represented by any mainstream party. In our case perhaps it's best to vote for independent-minded individuals when they have a chance, and "lesser evils" when they don't. That doesn't fix anything sure, but the truth is that nothing can fix it.

        The American quality of life will continue to deteriorate with the procure

      • So you're neither extremely red, nor extremely blue and really have no place left in America. Consider joining us in the rest of the world where happy middle-grounds exist. :-)

    • Why is the government getting directly involved with specific businesses?

      China!

  • by Tokolosh ( 1256448 ) on Friday July 06, 2018 @08:36AM (#56901516)

    When goods do not cross borders, soldiers will. -- Frederic Bastiat

    When buying and selling are controlled by legislation, the first things to be bought and sold are legislators. -- P. J. O'Rourke

  • How do you like them fascism?!
  • Comment removed based on user account deletion
  • This is like ... (Score:4, Informative)

    by PPH ( 736903 ) on Friday July 06, 2018 @11:34AM (#56902402)

    ... reorganizing AT&T and expecting the new management to close down room 641A [wikipedia.org].

  • There's so substantive change here. You don't make a 20-year veteran of the company the CEO and expect much to be different.
  • The rest of the story will never be available to general public but why is saving ZTE important? There are other Chinese companies that could fill-in and absorb the ZTE assets and employees. Obviously there are very powerful Chinese behind ZTE that would like to keep it. US agreeing since they get something out of the settlement plus can keep a closer eye on the entity going forward. There is a larger conflict brewing and The trade tariff battles unfolding show limitations of WTO. Many will be economic

"The vast majority of successful major crimes against property are perpetrated by individuals abusing positions of trust." -- Lawrence Dalzell

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