Huawei’s 5G path is blocked. In a few months’ time, Huawei may no longer see the point of paying six-figure sums to Lord B and his attendant knights,’ I wrote in this space on 20 June. I underrated its ruthlessness. It took only a few weeks. Lord Browne, its UK chairman, is out. Sir Ken Olisa has followed.
How much longer for the arch-Remainers Sir Andrew Cahn, who thinks Huawei is ‘the John Lewis of China’, and the ex-CBI Sir Mike Rake, who joined as recently as April? All this could have been avoided if, before taking the six-figure salary, these gentlemen had asked: ‘Who ultimately controls this company’s destiny?’ The answer is the Chinese Communist party. If they had internalised that thought, they would never have joined the board.
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This article is an extract from Charles Moore’s Spectator Notes, available in this week’s magazine.