Apple CEO becomes chairman of China university board
taiwannews.com.tw
taiwannews.com.tw
http://www.sem.tsinghua.edu.cn/en/aboutsem/advMem.html
Henry M. Paulson, Jr. Chairman, Paulson Institute Former U.S. Secretary of the Treasury Former Chairman and CEO, The Goldman Sachs Group, Inc.
Mary T. Barra Chairman and CEO, General Motors Company
Lloyd C. Blankfein Chairman of the Board, The Goldman Sachs Group, Inc.
Carlos Brito CEO, Anheuser-Busch InBev
Michael L. Corbat CEO, Citigroup Inc.
Michael Dell Chairman and CEO, Dell Technologies
Jamie Dimon Chairman and CEO, JPMorgan Chase & Co.
Laurence D. Fink Chairman and CEO, BlackRock, Inc.
Doug McMillon President and CEO, Walmart Inc.
Elon Musk CEO, Space Exploration Technologies (SpaceX) CEO, Tesla, Inc.
Satya Nadella CEO, Microsoft
Brian L. Roberts Chairman and CEO, Comcast Corporation
Ginni Rometty Chairman, President and CEO, IBM
David M. Rubenstein Co-Founder and Co-Executive Chairman, The Carlyle Group
David C. Schmittlein John C Head III Dean, MIT Sloan School of Management
Stephen A. Schwarzman Chairman, CEO and Co-Founder, Blackstone
Mark Zuckerberg Founder and CEO, Facebook
I don't like most of these people, but they don't ring to me like the kind of people who could be bribed with a seat at a prestigious university's board.
Even if it's only that their own stocks would gain with market access in China...
https://theintercept.com/2016/04/15/barack-obama-never-said-...
Let's say they hate China's forced influence, not earned.
We can put other places inside of China even on the list ( Taiwan and Hong Kong). The politicians didn't earn their spot. They got placed there by Beijing.
And now more and more countries want to remove the debt from China's debts, along the one road, one belt.
Also, that belt is not earned. It was pushed by Beijing through fake investment propaganda, since the investments are debt loaden.
Even their friend Russia is looking for closer ties with alternatives, since trading with China has been a one-way road only ( trade resources and that's it )
Let's face it, China has put itselve on the top because it could move 1,4 billion people into cheap labour, first in China and now across the one road and one belt. All the rest was lies ( market access), market protection ( can't get your money out, enter the market with a required 50% partner) and scams ( debt loaded colonisation, fake 20-year lasting WTO promises,..) and fake numbers ( only China knows the real growth number and value of business in our stock market, we don't have access to it)
Best thing is, while it's trying to colonise Africa/Asia. We still threat them as it's a developing country, with all the benefits ( for them) that come with it.
We are so dumb.
Well, try to talk to people about the US influence, and not just to their neighbors like Tibet, but all around the world.
You'll have a fun conversation.
It's playing bully on a long-term basis, no need to look over the world for "a" example. Just look at all of China's neighboors in international waters.
I think it's mostly that, even when people think America is bad sometimes.
They know that China is much worse. That's why I'm upvoted a lot on the topic above it.
At least, for the US they have to include all of the world to find bad behavior.
( Excluding Trump era ofc, but that's why impeachment is coming)
I wouldn't put any money on that. There are too many things that just don't add up, and I don't think they have the numbers.
I think the impeachment process is a two-pronged attack: damage Trump (always a plus from the Democrat standpoint), and damage Biden enough that he's not a factor in the primaries.
I'm very curious what will happen when he's president no longer.
Donating profits to a non-profit organisation that he indirectly owns won't change the impeachment.
Pandora's box will explode, all of his loyalist will have the choice: long jailtime or shorter with a confession.
The first already has fallen and Trump is loyal to no one. So will his followers be.
I'm still waiting for proof of ( again) stock manipulation to come up. An old Fox doesn't loses his tricks.
Huh? The US has been famous for not respecting international rules. From toppling the legitimate government of Iran back in the day all the way to the Iraq war and further on (including things like not recognizing the war criminal court, and even threatening it, etc).
And blaming them on very rare actions for behavior that is almost a daily habit for China.
Not a very fair comparison, but that's how WhatAboutism works ;)
That the US isn't afraid to retaliate, no more no less.
Ps. At least your account is 12 days old :p
Taiwan (Republic of China) is not part of China (People Republic of China). It is a different and independent country. Politicians are elected by the citizens, Beijing as nothing to do with that.
Eg. Airlines have to put Taiwan as a province of China.
You just aknowledged it as a perfect example
> Since 2015, Tsinghua University has overtaken the Massachusetts Institute of Technology to top the list of Best Global Universities for Engineering published by the U.S. News & World Report.
Tsinghua is highly respected and your peers is likely to be better ON AVERAGE than that of MIT. But the faculty and the resources you would be able to access is unmatched from what MIT can offer.
Tesla is one of the only companies that really seems to be successful in China.
Then you have Apple and others that are getting overtaken by domestic companies and not coincidentally a lot of financial companies ( that niche was pretty open in China, I thought)
Does this list also explain why Microsoft asked the White House to lift the ban on Huawei/trade war? Or is this not even close related.
Am I wrong? If so, please explain. I guess the profit is both in market access and some sort of personal gain?
> Am I wrong? If so, please explain.
GM has, over time, made an enormous business out of the Chinese market. They got in early and printed a lot of money there. Something like 1/3 of all their unit sales have been in China over the past decade. More recently it was closer to half. They went from 900,000 annual units in 2004, to 1.8 million by 2009. In 2018 they moved ~4 million units there, half their sales volume globally.
The financial entities on that list (Blackstone, Goldman, Citi, JP Morgan, BlackRock) all want access to China. China has been - sort of - working to open access to foreign financial giants like JP Morgan and Goldman. There's wide debate on whether that's more plausibly China trying to sucker them into helping with their debt situation, or whether it's the financial firms that will benefit more (no doubt they arrogantly think they can wrangle China for a fat profit, famous last thoughts when the debt monster turns).
Walmart has been in China for a quarter of a century now. They have a thriving, growing retail business there and have done modestly well [1] whereas their peers have flailed.
Dell has had deep manufacturing relationships in China for a while. More recently they started manufacturing in Western China (Chengdu) in 2012 and Xiamen before that.
Henry Paulson has a strange, slightly Kissinger like relationship with China, dating to the financial crisis and before. He has a lot of personal relationships with authorities there. He wrote a book about China ("Dealing with China: An Insider Unmasks the New Economic Superpower") and seems to have a personal fascination with the country. He openly admires them, so it makes sense he'd want those ties.
As the world's #1 or #2 consumer market, it makes perfect sense for Anheuser-Busch InBev to be everywhere there (to the extent they can), given they're a global beverage giant. Their stated position is that China and the region in general represents a very large growth opportunity in the coming decades.
Microsoft has a real business in China, generating several billion per year for them. It's not what it should be, but it's essentially all gravy given the alternative is piracy in China. All the way back to when Bill Gates was running the company they were working with China to limit piracy of Windows and Office. Gates made early ventures to China repeatedly to try to convince Chinese authorities to crack down on piracy. There's an amusing quip [2] from Gates about this from 2007:
> Today Gates openly concedes that tolerating piracy turned out to be Microsoft's best long-term strategy. That's why Windows is used on an estimated 90% of China's 120 million PCs. "It's easier for our software to compete with Linux when there's piracy than when there's not," Gates says. "Are you kidding? You can get the real thing, and you get the same price." Indeed, in China's back alleys, Linux often costs more than Windows because it requires more disks. And Microsoft's own prices have dropped so low it now sells a $3 package of Windows and Office to students.
I don't know what Comcast (Roberts) is doing there. They're a large telecom company and there is, I suppose, prestige in that list. Plus Comcast is now also a media & content company. I'm sure they want their content to have access to China, today and in the future.
[1] https://www.caixinglobal.com/2019-08-16/as-rivals-flee-china...
[2] https://money.cnn.com/magazines/fortune/fortune_archive/2007...
Based on your detailed explanation, it is public. Still not sure if it's also for personal gain.
Being on this board is the global business equivalent of reputation sharing, like giving China valuable IP in exchange for them letting you have market access. That's a list of highly respected global business titans, they're lending China and that University their reputation to warm ties and buy favor - absolutely.
Zuckerberg is the only one seriously on the outside in that list. He has seen effectively zero benefit so far to all his efforts on relationship building. Although they'll still take his reputation sharing (credibility enhancing; I know that seems absurd in the West right now, he's regarded as a respectable business titan in China). He has been wishing on a star for years now to get access to China. Amusingly, the Chinese authorities have (for their own purposes) thought better of it and know not to let FB in.
I've long questioned if Toyota is really a Japanese company, but at least they have significant manufacturing in Japan. If Apple isn't already a Chinese company, they will be within a few short years.
I personally don't have anything against buying non-USA products, so I don't mean this as a condemnation of Toyota or Apple. Just an observation. I consider the local Chinese restaurant to be an American business. I consider Apple to be a Chinese business.
In fact, I doubt any school has a better advisory board than that of SEM of Tsinghua's, anywhere in the world.
Even Hardvard / MIT / Yale's school dean/provost are on Tsinghua's board. If as an CEO, you aren't invited to the board and you want to be global, you are doing it wrong.
Here is a partial list:
- Lord Browne of Madingley, Chairman of Huawei UK
- Henry M. Paulson, Jr., Former U.S. Secretary of the Treasury, Former Chairman and CEO, The Goldman Sachs Group, Inc.
- H. Lee Scott, Jr., Former President and CEO, Wal-Mart Stores, Inc.
- WANG Qishan, Vice-President, People’s Republic of China
- Jim Breyer, Founder and CEO, Breyer Capital
- Mary T. Barra, Chairman and CEO, General Motors Company
- Lloyd C. Blankfein, Chairman of the Board, The Goldman Sachs Group, Inc.
- Carlos Brito, CEO, Anheuser-Busch InBev
- CHEN Jining, Mayor, Beijing Municipal Government
- Elon Musk
- Mark Zuckerberg
- Michael L. Corbat, CEO, Citigroup Inc.
- Michael Dell, Chairman and CEO, Dell Technologies
- Laurence D. Fink, Chairman and CEO, BlackRock, Inc.
- Geoffrey Garrett, Dean, The Wharton School of the University of Pennsylvania
- Nobuyuki Idei, Former Chairman and Group CEO, Sony Corporation
- Muhtar Kent, Chairman, The Coca-Cola Company
- Henry R. Kravis, Co-Chairman and Co-Chief Executive Officer, KKR
- Harald Krüger, Chairman of the Board of Management, BMW AG
- Ramon Laguarta, CEO, PepsiCo
- LIU He, yes the chief U.S.-Sino trade deal negotiator, Vice-Premier, State Council, People’s Republic of China
- Jack Ma, Executive Chairman, Alibaba Group
- Pony Ma, Core Founder, Chairman of the Board and CEO, Tencent
- Doug McMillon, President and CEO, Walmart Inc.
- Satya Nadella, CEO, Microsoft
- Nitin Nohria, George F. Baker Professor of Administration Dean, Harvard Business School
- Richard C. Levin Senior Adviser and Former CEO, Coursera President Emeritus, Yale University
- Brian L. Roberts Chairman and CEO, Comcast Corporation
- Ginni Rometty Chairman, President and CEO, IBM
- David M. Rubenstein Co-Founder and Co-Executive Chairman, The Carlyle Group
- David C. Schmittlein John C Head III Dean, MIT Sloan School of Management
- Stephen A. Schwarzman Chairman, CEO and Co-Founder, Blackstone
- Risto Siilasmaa, Chairman, Nokia Corporation Chairman and Founder, F-Secure Corporation
- Kevin Sneader Global Managing Partner, McKinsey & Company
- Masayoshi Son, Chairman and CEO, SoftBank Group Corp.
- A. Michael Spence, Professor, Stern School of Business, New York University, 2001 Nobel Laureate in Economics
- YI Gang, Governor, People’s Bank of China
People should at least read about Tsinghua University first before automatically judging it for being Chinese: https://en.wikipedia.org/wiki/Tsinghua_University
Or to be precise, you want to be in China. Google is very much a Global company by most standards.
That's why there is today the Tsinghua University [1] in China, and the National Tsing Hua University [2] in Taiwan, with really similar logo.
[1] https://en.wikipedia.org/wiki/Tsinghua_University
[2] https://en.wikipedia.org/wiki/National_Tsing_Hua_University
Sadly it will take a LOT more. Public outrage has an increasingly high tipping point and a very short lifespan. Governments, Corporations, PR agencies all know this. Is the average person on the street even aware of the plight of the Uighur Muslims? Contrast that with the recent forest fires in Brazil.
Consider that Western companies make a huge fuss about “diversity” over here but not one single one of them has ever hired an Uighur in China.
Problems require real struggle and sacrifice. So far nobody in the west is punishing those corporations by boycotts. Nobody is throwing all their made in China stuff on the street. Nobody is making million people marches on the Chinese embassies.
Why should they change? Uighur Muslims are the latest cause celebre to feel good about how virtuous we are, not really solve their problems.
Especially since they are mainly locked up in internment camps, which many countries have, so they can’t push too hard without looking hypocritical.
Would be great to see Apple make further progress on manufacturing elsewhere.
Tsinghua is not a random Chinese school - it’s China’s Harvard.
But it's still not Harvard.
The question is, "Why not Harvard? Or any other top school in the US?"
Because Hardvard or "any other top school in the US?" didn't invite Tim Cook to be the on their board?
He's 10 steps behind, his internal mail in Apple showed that.
-Lisa Simpson
Now whether it will, that's a different story.
A lot of countries rewrite their own history first in school and then elsewhere.
It's hard to deny the influence Harvard has on US foreign and internal policy.
You don't even need to influence many people to have lasting change on the world in the right education institutions. A handful is enough.
https://en.wikipedia.org/wiki/List_of_law_schools_attended_b...
I find this interesting given the Chinese censorship of these sites. Sure, a VPN would work, but I would be pretty amused if Chinese educational institutions are actually bypassing the censors.
On-campus IPV6 gets you a connection to most "banned" sites. Imagine trying to do research without google scholar? Aside from "sensitive" times (anniversary of tiananmen, 70th anniversary, etc.), it's relatively easy to hop the GFW from campus.
[1] https://www.instagram.com/tsinghua_uni/ [2] https://www.facebook.com/pg/Tsinghua/posts/?ref=page_interna...
The Schwarzman building has unrestricted internet without needing to jump through any hoops--just connect to the wifi and you're good to go. I don't _know_ that the uni is shipping a vpn, but...
Qinghua is more of an alternative central party school than Harvard.
The amount of kids of all kinds of influential people there is over the top
"The day before the advisory board meeting, Cook met with Xiao Ya-qing (肖亞慶), director of China’s State Administration for Market Regulation in Beijing. According to the bureau’s official website, "The two sides have conducted in-depth exchanges on expanding investment and business development in China, protecting consumer rights and fulfilling corporate social responsibility."
But oh well, they didn't make him CEO of Apple to save the world (Hongkong specifically), they made him CEO so he cam maximize profits. Fuck Apple...