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.
This article is an extract from Charles Moore’s Spectator Notes, available in this week’s magazine.