I admire your bluntness in calling out Brightside for stealing your content. You often thing of larger channels stealing from smaller ones as being million sub channels stealing from 10Ks, but Brightside’s 43M subscribers should know that their “top quality content” is coming from your channel, as well as probably many other smaller, non-thieving channels.
I don't think you can call discussing the same topic in a video "stealing". It's not like this channel was the first outlet to ever break the "shortest flight in history" or "guy spends 18 years in an airport" stories. He doesn't exclusively own them or anything.
Brightside and The Infographics Show both had potential. Sad to see them descend into clickbait and content thievery while pushing smaller channels out of the way with their massive subscriber counts.
@@pizzalogbear Infographics started out good but their quantity over quality scale broke beyond repair a long time ago. Brightside had potential for about 5 videos. Then they quickly earned the "Don't recommend this channel" option being applied.
almost same thing exists in Japan and Korea. the seal is like a signature in the far east. many carry registered stamps rather than signing. one of the political parties in Korea once had a shenanigans when the party leader had a disagreement with the election campaign board and ran away with the stamp of the party. thus making the whole election prepare thing to a stop.
@@miigon9117 Nope. Everyone has a different seal, and you need either all or most of them (depending on the corporate charter) to sign a legal document.
Esp such a masterpiece card; the art on it is phenomenal and its got a powerful effect that truly feels as powerful as power of a red stamp bein talked of here.
Wait, that card is real?! I thought Sam made it up as a joke! Not understanding the rules of Magic, I read the description and immediately assumed the card was OP.
@@jeffbenton6183 Its from one of the best MTG sets, if not the best set. Im biased tho cuz i absolutely love everythin to do with the three kingdoms era of China heh. The reason its so absurdly rare in its original run tho is cuz sadly they didnt market that set outside of Asia except for Australia and New Zealand; so theres much less of each of those original cards in English print. Tho the other language print runs were vastly larger cuz i mean; they were marketin to Asia and theres just more ppl there to market too.
This topic reminds me of a story where the Minnesotan legislature passed a bill to move the capital to a different city in the state. One of the opposition politicians stole the physical bill before it was to be signed and hid till the deadline to sign it has passed. Would be a cool little video perfect for Half As Interesting
Speaking as a PRC lawyer,I'll say this:Losing control of your company seal is bad,but not that bad(or rather bad in some other way). By law the company can declare the seal lost and go through a company seal re-make process. It'll take some time (like 1-2 month,roughly,don't quote me on this),but it'll be done,the company seal is not that replacable. If the company in this video really can't remove their ceo,there're most likely some other reasons besides the company seal problem.
Yes, the “other problem” is that China is not exactly in a hurry to give back control to non-Chinese multinationals. There is not exactly a bright line between business and government in China.
4:32 From my understanding, the major reason the Nvidia ARM deal fell through was more to do with regulatory pushback from the UK, EU, and U.S. as well as companies like Qualcomm and Apple and other ARM licensees because Nvidia is also an ARM licensee. The UK disliked it because ARM is a UK company and they don't want to transfer their only major processor IP to the U.S. Meanwhile, the EU and US don't like it for the same reason Qualcomm and Apple wouldn't. It would give Nvidia something of a monopoly on ARM processors which would be bad for everyone.
That was the polite version. The less polite version is "Because we've observed Nvidia engage in every grey-and-not-even-just-grey area of ruthless and distasteful business practice, including but not limited to, litigating-to-death-without-proper-cause, submarine patent practices, hostile takeovers, using plants in otherwise neutral standards committees, backstabbing business partners, cheating in benchmarks, sabotaging the performance of their competitors with spiked software libraries and a laundry list of others we've forgotten over the three decades they've been in business"....
1:00 THE imperial seal survived for around 1300 years but was lost around 1000 AD. Each emperor thereafter left thousands of seals to overcompensate for that, and the fastest way to speedrun getting sliced in thousand cuts for treason is to remind the emperor he didn't have THAT seal.
@@krzysztofkolodziejczyk4335 Probably tripped over a rock, it fell into a drain, the plumber was on leave that night, and he didn't want to get his hands dirty trying to retrieve it himself.
@@teelo12000 that was actually pretty accurate lol. Rumor has it at the end of the the Ming civil war the ousted emperor committed suicide by jumping into a water well with the seal. Then the burning palace collapsed on top of the well, destroying it, along with the seal.
A solution some larger companies use, is to register the company as a subsidiary of a holding company, which can use their seal to fire the CEO. Generally, the head of the holding company is from the home country.
Possibly, or the firm had shit brains and didn't organize the firm well, and opened themselves to a fisting. 🤷🏾♂️ Also, trade wars go multiple ways. This shit ain't in a vacuum, people.
In 1688 James II of Great Britain was fleeing London to escape the army led by William of Orange. James threw Britain's Great Seal of the Realm into the Thames river because he thought William would be unable to run the country without it. A few days later a fisherman pulled in his net and found ... the Great Seal. William became King, and James was exiled in France.
@@theboxygenie Yes. Mary was the daughter of Charles I and brother of James II. William was Dutch, so he claimed his authority by virtue of being married to Mary.
And if you think about the global economy now on these kind of techs and things like that... This is like a single man blackmailing the world. I really don't like this story. Like truly. We've separated countries into separate parts... and this kind of thing, can force a country to collapse, or not, economically. This is absolutely insane. I can see why the world needs to decouple from China. And I feel that there is an aspect of lies here somewhere....
"The third option is to forcibly take the stamp, but Wu is rumored to keep it on his person at all times, and is constantly surrounded by bodyguards." This is the perfect setup for a Shadowrun campaign.
That call out on Brightside. there’s a reason I’ve watched your stuff for … 6 years idk when ever you made the video on airline economics. you’ve always done a great job finding and researching topics even here. Anyway have a good one mate.
When was a kid in China, during the holidays, I'd occasionally go to my dad's work place and play around with his department's red, round giant stamp. He kept it locked in a safe in his office.
If you're here a couple years late like me and want an update on this story, I looked to see how this played out over the next couple years until January 2025. Here is the SparkNotes version; Arm China worked with the Shenzhen Administration for Market Regulation (SAMR), who basically controls company registrations and legal reps etc in China, to replace Allen as legal rep for the company. Once the legal rep was changed, they applied for a new Chop and this invalidated the authority of Allen's now outdated Chop. Allen did fight this process in court but the court deferred to the decision by SAMR and Allen left in 2023 officially. After this, Allen went on to found a new company doing basically the same thing as his previous company called "Zhongzhi Chip".
@@thomashajicek2747 People will continue to work as long as they get money. That company isn't going anywhere. Especially if he can provide quality work at a cheaper cost.
@@thomashajicek2747 HAI was completely wrong on the part about Nvidia. That being said: you're absolutely right. And the best part is that Arm UK didn't even want Arm China to exist in the first place but was plainly told that if Chinese companies were to use that instruction set (and IP catalogue) the licensing revenues would have to be collected in China by a Chinese firm. Arm China currently can't accept new clients, but they still collect revenue on existing contracts. Arm UK is no longer sending the latest IP catalogue updates to Arm China, so China as a whole is starting to lag behind in Arm capability...
A seal stamp for companies as a legal company signature actually makes loads of sense. It just needs a special rule in case the holder of the seal refuses to give it up...
Hell, you can do this in the US. I have one for the dog grooming business I'm involved with, and it has a cute puppy on it! It's only used for corporate organizational paperwork and signing contracts with banks, though. Everything else just gets signatures because stamps are complicated. Oh, and every corporate officer has one.
Except the CEO most of the time does not owned the majority of the company so he is essentially a rogue employee not operating in the best interest of the company.
I used to work as a general manager for many years and many different companies in China. I do confirm that the chop is super important. Usually, to avoid any issue, there are 2 important steps to take when appointing a new CEO or Managing Director or General Manager. First, the company has to give him a power of attorney so that he can sign contracts and any legal document. Then, the famous chop. In order to mitigate the risk, usually the legal representative would be another person: a board member, or a someone from a consultant company etc. In any case, I do confirm that the company chop is super important and that as a GM, I used to carry it with me at all times or lock it in a safe at home or at the office.
Wait. If the seal gets lost or stolen, you have to ask the authorities for another seal, using a document that needs to be stamped with the seal you have lost or have had stolen from you and are now asking for... Bureaucracy at its finest.
I think you misunderstood somewhere but it's replaceable, but it takes months to get a replacement... Very inconvenient nent. Meanwhile it protects the company's CEO from becoming hostage of shareholders. Which well... There are many more examples out there where as soon as a company gets published, they stated to focus on profits.
You can also get it if the company's legal representative signs off on it. This obviously doesn't work if, such as in this case, the legal representative doesn't want there to be a replacement seal. That gets mentioned at around 3:10.
In America, being the majority shareholder can give you similar power, giving whoever holds all the stock in a company all the power to bring on or fire members of the board of directors, control over the company's direction, and, since the board of directors have the ability to fire the CEO, the ability to retain your job as CEO by keeping a board of directors that is completely loyal to you.
That's a bit different though. You actually own the majority of the company - it makes sense you could find a way to take it over under those circumstances. Rather than here - where he's just getting away with it because he has their little magic stamp.
Having looked into this, even a cursory examination will tell you that this video is patently untrue. The reason they can't fire him is because they don't have the legal authority to - they only control 49% of stocks. The holders of the other 51% said no. It's a bit more complicated than that, due to who exactly owns the other 51% (hint, it's mostly the chinese government), and not all of them having active voting rights, but for all intents and purposes the stamp is irrelevant to the firing. It's still important, since it means they can't circumvent him either, but it's not at the base of the problem. ARM (the parent company) has now apparently moved ARM China to an external company, removing it from their company structure, so things are ongoing. All of this comes down to international politics and company warfare, not cultural or legal issues.
And why on earth they are not allowed to make the exact copy of the stamp ? Like in our company, each director, in addition of signature, have their own company stamp as not to trouble each other.
The Colorado story is one of the best documentaries I've seen in a while. Hope they manage to figure that one out, seems like a really delicate issue no matter what side you approach it from
It's been interesting (okay, maybe only half interesting) to me that for all the talk of UA-cam being an avenue for small content creators, there's still lots of space taken up by large media conglomerates. Brightsides parent company (which does a bunch of other channels) has 2000 employees.
And there is the whole stuff about 法定代表人(legal representative？）,法定代表人 is not your company lawyer,but more like a registered company signatory。If the 法定代表人 can signe contracts in the company's name even without the seal.
Live in Malaysia where the OLD company law had a UK law style seal which could act as a company signature, under the NEW company law this is no longer a requirement. Under company law we need 2 company director signatures or 1 signature and a witness countersigning, in practise a lot accept 1 signature. It's a bit fuzzy on authorised persons. Now MANY MANY companies and government departments demand company chops (stamps) an item that has NO LEGAL STANDING in Malaysia but I assume is Chinese influence. Gov especially love signature block stamps as well. You also have a lot of government Officers who give a chop version of their signature to their subordinates..... You can literally get a document with 4+ chops on it. The bureaucracy is strong with this one....
My mom is a type 2 diabetic. She needs at least 1.5 vials of insulin a month . In Malaysia , our government supplies free insulin for all citizens. The fee each time she went to restock is just a mere RM 5 . And my family didn't pay much tax apart for our house and some road tax . I'm very surprised a country as modern and as rich like USA still had such problems
You can't be fired if you hold the stamp and refuse to stamp your own pink slip. You also refuse to give it back. And have bodyguards to make sure no one gets close enough to take it from you
The idea that you have to stamp the form that says "We lost our stamp" or "Make someone give our stamp back (p.s., it's the person stamping this)" is . . . odd.
Most of the borders are slightly off. I think they used a different projection for the globe and for China, unless South Tibet is suddenly part of the Greater Nepalese Empire
The solution is actually very simple - before handing over your company seal, get the recipient to hand in a resignation letter, which you only act on if they refuse to give back your seal. And, of course, you stamp a letter accepting the resignation.
The NVidia ARM aquisition fell through because it had major anti-trust implications across the globe, and basically had nothing to do with ARM China which had already basically declared independence long before the acquisition was attempted and made public
Just like a signature, a stamp is very easy to forge. And there would have been ways for ARM to get Wu fired. The real reason why he wasn't was because he was backed by the chinese governement in his hostile take over, who willfully made it almost impossible for ARM to fire him. This all happen in the vicinity of the U.S / China trade war and with China pushing hard to develop their own silicon industry (fab, design and IP), so it's no surprise. ARM China basically declared independance and are even projecting an IPO right now. As for the NVidia deal, anti-trust issues was probably way more of a reason has to why the deal fell through.
This sort of company seal is used in the UK as well. Though not as widely known, as it's not mandatory like in China, but if a company has registered a seal, then documents stamped with it have the same legal legitimacy.
Company seals should be registered at the police as faking organisation(whatever state-owned or private) seals is a CRIME in CN which may cause 3yr prison
"youre fired" "you need my stamp for that" "then we will..." "you still need this" "then we..." "youre still gonna need this for it" "but..." "youre still gonna need this and im not giving it to you"
Wow one person was able to save ARM. ARM dominates because it not controlled by a single manufacturer but is used by many. I'm still hoping for RISC V, a truly open architecture.
4:31 Now let's not shift blame like that. He contributed like 1% of the reason why the deal fell through. Not only the UK and EU were investigating the deal, FTC even sued against the deal. No country in the world is letting that deal go through.
2:00 I'm watching this on an Intel processor, tyvm. (Also, saying ARM is "behind the processors" isn't very clear... They create the designs but just license the IP. Qualcomm and Apple are the main smartphone ARM licensees with TSMC being the main manufacturer of these processors)
Arm employee here committing time theft from Arm to watch a video about Arm china on HAI… does this count at professional development? Also worth noting it has less to do with the physical stamp and more to do with the fact that every private entity in China is owned 51% by the CPC.
what if he just, oh idk, wrote up a contract for the company to pay him all of their money, then stamped it. He collects his money, and gives the stamp back. legal embezzlement. also, of all the things to forge, it seems like a stamp would be pretty easy these days if you can get ahold of a stamped document.
Doesn't really work if it is widely known public knowledge that you do not have it. Also, I would guess that the impressions of complex stamps are unique enough that any attempt to forge it would be discovered, and the perpetrator would be immediately prosecuted
Yeah. This kind of infinite loopholes do exeist in big corporations, institutions and government organizations in China. Years ago, I quit my job from a Chinese research institute. And I had to go through 20 stamping steps to get a legal paper proving proving my resignation. It's very annoying.
I mean, the whole seal of the state thing is not limited to China, we sometimes refer to the Minister of Justice as the "Guardasigilli" as he is the official bearer of the grand seal of the state.
its funny that even in Hong Kong the company chops hold the same legal status, but registering isnt necessary since it gives more time for lawyers to argue things in court for money
5:08 wasn't the hook that you break pointless / obscure laws like Handling Salmon Suspiciously? If you leave that out it sounds like you're going around shoplifting, dealing with drugs or beating people up or something...
I'm curious, how often does this physical stamp need to be used in day to day operations of the company? If its not much, you could just destroy it and never have any chance of them firing you.
I admire your bluntness in calling out Brightside for stealing your content. You often thing of larger channels stealing from smaller ones as being million sub channels stealing from 10Ks, but Brightside’s 43M subscribers should know that their “top quality content” is coming from your channel, as well as probably many other smaller, non-thieving channels.
I don't think you can call discussing the same topic in a video "stealing". It's not like this channel was the first outlet to ever break the "shortest flight in history" or "guy spends 18 years in an airport" stories. He doesn't exclusively own them or anything.
Brightside and The Infographics Show both had potential. Sad to see them descend into clickbait and content thievery while pushing smaller channels out of the way with their massive subscriber counts.
@@pizzalogbear is infographics still a Pentagon propaganda Channel?
@@pizzalogbear Infographics started out good but their quantity over quality scale broke beyond repair a long time ago.
Brightside had potential for about 5 videos. Then they quickly earned the "Don't recommend this channel" option being applied.
@@hewhohasnoidentity4377 I remember watching them back when their stuff was still alright, it went shit pretty quickly
almost same thing exists in Japan and Korea. the seal is like a signature in the far east. many carry registered stamps rather than signing. one of the political parties in Korea once had a shenanigans when the party leader had a disagreement with the election campaign board and ran away with the stamp of the party. thus making the whole election prepare thing to a stop.
ran away?
@@Derin7890 yes, he ran away
Sounds these countries are backwater AF how can you steal something that can paralyze a company or party
@Ella Minamoto how is it distributed? Literally cut into pieces?
@@miigon9117 Nope. Everyone has a different seal, and you need either all or most of them (depending on the corporate charter) to sign a legal document.
Imperial Seal popping up wasnt something i expected today, but any day is a good day to see a magic card in the wild.
Esp such a masterpiece card; the art on it is phenomenal and its got a powerful effect that truly feels as powerful as power of a red stamp bein talked of here.
Imperial seal is the most expensive non reserve list normal card (no fancy art)
5 buck proxys though. None of your friends will care cuz the proxy looks great
Wait, that card is real?! I thought Sam made it up as a joke! Not understanding the rules of Magic, I read the description and immediately assumed the card was OP.
@@jeffbenton6183 Its from one of the best MTG sets, if not the best set. Im biased tho cuz i absolutely love everythin to do with the three kingdoms era of China heh.
The reason its so absurdly rare in its original run tho is cuz sadly they didnt market that set outside of Asia except for Australia and New Zealand; so theres much less of each of those original cards in English print.
Tho the other language print runs were vastly larger cuz i mean; they were marketin to Asia and theres just more ppl there to market too.
This topic reminds me of a story where the Minnesotan legislature passed a bill to move the capital to a different city in the state. One of the opposition politicians stole the physical bill before it was to be signed and hid till the deadline to sign it has passed. Would be a cool little video perfect for Half As Interesting
If true this deserves way more than 7 likes and does sound like a good HAI suggestion
That's like a playground fight. Hilarious.
For those who want to know more, the politician was Joe Rolette in the 1850s
Somewhere out there is a pickpocket with the opportunity of a lifetime.
my years of playing skyrim finally about to pay off
@@Lazydino59"yeah but surely you can't--"
_pickpockets 7 bras_
"Nevermind, enjoy having the power of every corporation! ...can I have mine back now?"
stealing is a crime, while this allen wu guy was handed the seal "voluntarily"
Or an assassin with a very long and powerful gun. If it were me, I'd probably just find/make some dirt that the PRC wouldn't like.
@@Lazydino59 why not? China's law is clearly running on video game logic.
Speaking as a PRC lawyer,I'll say this:Losing control of your company seal is bad,but not that bad(or rather bad in some other way).
By law the company can declare the seal lost and go through a company seal re-make process. It'll take some time (like 1-2 month,roughly,don't quote me on this),but it'll be done,the company seal is not that replacable.
If the company in this video really can't remove their ceo,there're most likely some other reasons besides the company seal problem.
I think anyone watching this can tell the "real" reason is that the PRC govt supports stealing the chinese branch tacitly.
@@firstlast446 I'm very certain that you're right,because all those big companies are dumbasses to set up shop in China to get mugged.
China probably finds it convenient that the Chinese branch of ARM went rouge, so they conveniently made it complicated for them to get control back.
Yes, the “other problem” is that China is not exactly in a hurry to give back control to non-Chinese multinationals. There is not exactly a bright line between business and government in China.
动态网自由门 天安門 天安门 法輪功 李洪志 Free Tibet 六四天安門事件 The Tiananmen Square protests of 1989 天安門大屠殺 The Tiananmen Square Massacre 反右派鬥爭 The Anti-Rightist Struggle 大躍進政策 The Great Leap Forward 文化大革命 The Great Proletarian Cultural Revolution 人權 Human Rights 民運 Democratization 自由 Freedom 獨立 Independence 多黨制 Multi-party system 台灣 臺灣 Taiwan Formosa 中華民國 Republic of China 西藏 土伯特 唐古特 Tibet 達賴喇嘛 Dalai Lama 法輪功 Falun Dafa 新疆維吾爾自治區 The Xinjiang Uyghur Autonomous Region 諾貝爾和平獎 Nobel Peace Prize 劉暁波 Liu Xiaobo 民主 言論 思想 反共 反革命 抗議 運動 騷亂 暴亂 騷擾 擾亂 抗暴 平反 維權 示威游行 李洪志 法輪大法 大法弟子 強制斷種 強制堕胎 民族淨化 人體實驗 肅清 胡耀邦 趙紫陽 魏京生 王丹 還政於民 和平演變 激流中國 北京之春 大紀元時報 九評論共産黨 獨裁 專制 壓制 統一 監視 鎮壓 迫害 侵略 掠奪 破壞 拷問 屠殺 活摘器官 誘拐 買賣人口 遊進 走私 毒品 賣淫 春畫 賭博 六合彩 天安門 天安门 法輪功 李洪志 Winnie the Pooh 劉曉波动态网自由门
4:32 From my understanding, the major reason the Nvidia ARM deal fell through was more to do with regulatory pushback from the UK, EU, and U.S. as well as companies like Qualcomm and Apple and other ARM licensees because Nvidia is also an ARM licensee. The UK disliked it because ARM is a UK company and they don't want to transfer their only major processor IP to the U.S. Meanwhile, the EU and US don't like it for the same reason Qualcomm and Apple wouldn't. It would give Nvidia something of a monopoly on ARM processors which would be bad for everyone.
Yes, he's completely bs on that one
That was the polite version. The less polite version is "Because we've observed Nvidia engage in every grey-and-not-even-just-grey area of ruthless and distasteful business practice, including but not limited to, litigating-to-death-without-proper-cause, submarine patent practices, hostile takeovers, using plants in otherwise neutral standards committees, backstabbing business partners, cheating in benchmarks, sabotaging the performance of their competitors with spiked software libraries and a laundry list of others we've forgotten over the three decades they've been in business"....
Yeah. The china arm was definitely a thorn but Nvidia would've just written it off as a loss if they could get a monopoly
That UK reasoning is kinda stupid because ARM is already in the hands of a Japanese conglomerate.
@@andersjjensen
Funny because that's describing Intel.
1:00 THE imperial seal survived for around 1300 years but was lost around 1000 AD. Each emperor thereafter left thousands of seals to overcompensate for that, and the fastest way to speedrun getting sliced in thousand cuts for treason is to remind the emperor he didn't have THAT seal.
what happened to original seal?
@@krzysztofkolodziejczyk4335 Probably tripped over a rock, it fell into a drain, the plumber was on leave that night, and he didn't want to get his hands dirty trying to retrieve it himself.
@@krzysztofkolodziejczyk4335 Rumor has it that the seal was lost around 1000 AD
@@teelo12000 that was actually pretty accurate lol. Rumor has it at the end of the the Ming civil war the ousted emperor committed suicide by jumping into a water well with the seal. Then the burning palace collapsed on top of the well, destroying it, along with the seal.
@@kaifengwu6565 Then theoretically it could be found, and then whoever finds it owns China. ;-)
A solution some larger companies use, is to register the company as a subsidiary of a holding company, which can use their seal to fire the CEO. Generally, the head of the holding company is from the home country.
im pretty sure that cant be done now since you'll need the stamp to register the company lmao
@@tacticalguy6473 Not in this case, it should've been done at the formation of the companies in China.
@@Ethan7s This is China we’re talking about, they probably wanted this to happen and so engineered it.
Possibly, or the firm had shit brains and didn't organize the firm well, and opened themselves to a fisting. 🤷🏾♂️
Also, trade wars go multiple ways. This shit ain't in a vacuum, people.
In 1688 James II of Great Britain was fleeing London to escape the army led by William of Orange. James threw Britain's Great Seal of the Realm into the Thames river because he thought William would be unable to run the country without it. A few days later a fisherman pulled in his net and found ... the Great Seal. William became King, and James was exiled in France.
William, as in, William and Mary, the British co-Monarchs?
@@theboxygenie Yes. Mary was the daughter of Charles I and brother of James II. William was Dutch, so he claimed his authority by virtue of being married to Mary.
James II of England. In Scotland he was James VII.
@@MuchWhitteringShhhhhh!
What happened to that lucky fisherman ?
Almost seems like giving a single person all of the power without putting sufficient failsafes in place is a bad idea.
well...its china
It's a minuscule version of China itself, actually
Ehh Chinese PRC has fail safes. It doesn't exactly function that way. It has fail safes just like the U.S has fail safes for its president.
Thats a CEO in china.
And if you think about the global economy now on these kind of techs and things like that... This is like a single man blackmailing the world. I really don't like this story. Like truly. We've separated countries into separate parts... and this kind of thing, can force a country to collapse, or not, economically. This is absolutely insane. I can see why the world needs to decouple from China. And I feel that there is an aspect of lies here somewhere....
Find your way around this loophole with this one simple step! These stamp holders hate this!
@Ben 🅥 no its not finally here
@Ben 🅥 Bot.
Murder?
@@piggywink333boyfriend6 yes it is. “It” referring to the spambot
@Ben 🅥 yo mama
"The third option is to forcibly take the stamp, but Wu is rumored to keep it on his person at all times, and is constantly surrounded by bodyguards."
This is the perfect setup for a Shadowrun campaign.
Ooooo.... I'm IN!
Why not add this to HAI Crime Spree
Sounds like a Hitman mission.
Let me guess: the stamp is ancient and magical + you need a decker to steal the cyberspace component.
@@infantiltinferno Dude, you can't sell me any more on this concept than that. I'm in!
That call out on Brightside.
there’s a reason I’ve watched your stuff for … 6 years idk when ever you made the video on airline economics. you’ve always done a great job finding and researching topics even here. Anyway have a good one mate.
Wait if he has the stamp... they can't fire anyone else either, can they.
i guess if the ceo and the company agree to fire someone i guess the ceo could stamp it
Except when he approves of it.
Plus he might be able to fire whoever he wants to.
I dont think you need the seal for every low level employee
just make them disappear, it's China after all
@@jonas1015119 1:37 Any official firing requires the stamp.
When was a kid in China, during the holidays, I'd occasionally go to my dad's work place and play around with his department's red, round giant stamp.
He kept it locked in a safe in his office.
So, as a kid, you briefly held control of the company without realizing it.
Surprisingly delighted that you cover this story
The UK HQ has cut off supplying any information on latest developments and finance
If you're here a couple years late like me and want an update on this story, I looked to see how this played out over the next couple years until January 2025. Here is the SparkNotes version;
Arm China worked with the Shenzhen Administration for Market Regulation (SAMR), who basically controls company registrations and legal reps etc in China, to replace Allen as legal rep for the company. Once the legal rep was changed, they applied for a new Chop and this invalidated the authority of Allen's now outdated Chop. Allen did fight this process in court but the court deferred to the decision by SAMR and Allen left in 2023 officially. After this, Allen went on to found a new company doing basically the same thing as his previous company called "Zhongzhi Chip".
That's crazy, thanks for the info
I guess he's the emperor of ARM. He's in control until he dies. He could even pass the company down to an heir if he wants at this point.
he got the ARMs heavenly mandate
@@chenshizhi7750 He sure did.
@@thomashajicek2747 People will continue to work as long as they get money. That company isn't going anywhere. Especially if he can provide quality work at a cheaper cost.
@@thomashajicek2747 HAI was completely wrong on the part about Nvidia. That being said: you're absolutely right. And the best part is that Arm UK didn't even want Arm China to exist in the first place but was plainly told that if Chinese companies were to use that instruction set (and IP catalogue) the licensing revenues would have to be collected in China by a Chinese firm. Arm China currently can't accept new clients, but they still collect revenue on existing contracts. Arm UK is no longer sending the latest IP catalogue updates to Arm China, so China as a whole is starting to lag behind in Arm capability...
A seal stamp for companies as a legal company signature actually makes loads of sense.
It just needs a special rule in case the holder of the seal refuses to give it up...
Except it doesn't make sense at all because the CEO isn't (necessarily) the owner of a company, the majority stakeholder is.
Hell, you can do this in the US. I have one for the dog grooming business I'm involved with, and it has a cute puppy on it!
It's only used for corporate organizational paperwork and signing contracts with banks, though. Everything else just gets signatures because stamps are complicated.
Oh, and every corporate officer has one.
Except the CEO most of the time does not owned the majority of the company so he is essentially a rogue employee not operating in the best interest of the company.
Yeah but if you have an international company that is fully remote, it’s an extra hustle.
Yeah it's just fuckin dumb this can happen like what 3rd world country allows this to even be a possibility?
I used to work as a general manager for many years and many different companies in China. I do confirm that the chop is super important. Usually, to avoid any issue, there are 2 important steps to take when appointing a new CEO or Managing Director or General Manager. First, the company has to give him a power of attorney so that he can sign contracts and any legal document. Then, the famous chop. In order to mitigate the risk, usually the legal representative would be another person: a board member, or a someone from a consultant company etc. In any case, I do confirm that the company chop is super important and that as a GM, I used to carry it with me at all times or lock it in a safe at home or at the office.
4:50 shots fired damn
Fr
Wait.
If the seal gets lost or stolen, you have to ask the authorities for another seal, using a document that needs to be stamped with the seal you have lost or have had stolen from you and are now asking for...
Bureaucracy at its finest.
I think you misunderstood somewhere but it's replaceable, but it takes months to get a replacement... Very inconvenient nent.
Meanwhile it protects the company's CEO from becoming hostage of shareholders. Which well... There are many more examples out there where as soon as a company gets published, they stated to focus on profits.
You can also get it if the company's legal representative signs off on it. This obviously doesn't work if, such as in this case, the legal representative doesn't want there to be a replacement seal. That gets mentioned at around 3:10.
In America, being the majority shareholder can give you similar power, giving whoever holds all the stock in a company all the power to bring on or fire members of the board of directors, control over the company's direction, and, since the board of directors have the ability to fire the CEO, the ability to retain your job as CEO by keeping a board of directors that is completely loyal to you.
Also how hostile takeovers work.
this is how Elon Musk took control of Tesla
That’s how it should work, if you own a company you should be able to do what you want with it 😂
Yeah but that actually makes sense, that someone who owns more than half the company can't be voted out
That's a bit different though. You actually own the majority of the company - it makes sense you could find a way to take it over under those circumstances. Rather than here - where he's just getting away with it because he has their little magic stamp.
I loved the shade being thrown at Bright side
2:42 is the best line I've heard all of April.
Wait the brick documentary I've been waiting for is in Nebula?!
Yes, it is from a very long time.
Can't wait to learn about Brick Frogs
Cheers to the animators for adding sunglasses on the bodyguards at 4:22.
That's commitment to one's craft.
Having looked into this, even a cursory examination will tell you that this video is patently untrue. The reason they can't fire him is because they don't have the legal authority to - they only control 49% of stocks. The holders of the other 51% said no.
It's a bit more complicated than that, due to who exactly owns the other 51% (hint, it's mostly the chinese government), and not all of them having active voting rights, but for all intents and purposes the stamp is irrelevant to the firing. It's still important, since it means they can't circumvent him either, but it's not at the base of the problem.
ARM (the parent company) has now apparently moved ARM China to an external company, removing it from their company structure, so things are ongoing.
All of this comes down to international politics and company warfare, not cultural or legal issues.
cool, thx for the clarification!
Thanks... your version actually makes a bit more sense.
Arm China: "you're fired!"
Alan Wu: "no"
Arm China: "understandable, have a good day"
I went to an international school in China called IAB, and this exact thing happened. It was crazy and ended up with the whole school closing down.
ARM Ltd: “You’re hired, here’s the company chop.”
Allan Wu: “No givesies backsies!” *runs away*
ARM Lttd: “…should we be worried about that?”
Brightside is such a scourge on UA-cam that it is one of the only channels I've outright blocked. So glad to hear you call them out.
02:00 "as you commit time theft at your job", me right now in an "extended" break xD
How did you know that I am watching that video at work😂😂😂
And why on earth they are not allowed to make the exact copy of the stamp ?
Like in our company, each director, in addition of signature, have their own company stamp as not to trouble each other.
Thought that the title was “Why You Can’t Be Fried in China if You’re a Shrimp” for a second 😂
The Colorado story is one of the best documentaries I've seen in a while. Hope they manage to figure that one out, seems like a really delicate issue no matter what side you approach it from
You got me with the "time theft at my job" joke!
It's been interesting (okay, maybe only half interesting) to me that for all the talk of UA-cam being an avenue for small content creators, there's still lots of space taken up by large media conglomerates. Brightsides parent company (which does a bunch of other channels) has 2000 employees.
And there is the whole stuff about 法定代表人(legal representative？）,法定代表人 is not your company lawyer,but more like a registered company signatory。If the 法定代表人 can signe contracts in the company's name even without the seal.
Yooooo calling out Brightside!!! Proud of you
Live in Malaysia where the OLD company law had a UK law style seal which could act as a company signature, under the NEW company law this is no longer a requirement. Under company law we need 2 company director signatures or 1 signature and a witness countersigning, in practise a lot accept 1 signature. It's a bit fuzzy on authorised persons.
Now MANY MANY companies and government departments demand company chops (stamps) an item that has NO LEGAL STANDING in Malaysia but I assume is Chinese influence. Gov especially love signature block stamps as well. You also have a lot of government Officers who give a chop version of their signature to their subordinates.....
You can literally get a document with 4+ chops on it. The bureaucracy is strong with this one....
My mom is a type 2 diabetic. She needs at least 1.5 vials of insulin a month .
In Malaysia , our government supplies free insulin for all citizens. The fee each time she went to restock is just a mere RM 5 . And my family didn't pay much tax apart for our house and some road tax . I'm very surprised a country as modern and as rich like USA still had such problems
LOVED the LegalEagle cameo! 🤣
He sure timed this video well, just two weeks after this was released Wu was ousted.
Why can’t people be fired with 10 year… or tenure… not sure. I need help understanding this.
You can't be fired if you hold the stamp and refuse to stamp your own pink slip. You also refuse to give it back. And have bodyguards to make sure no one gets close enough to take it from you
@@LillyMcNealWhite Right, well that has nothing to do with the suggestion made above… but thanks for reiterating the important facts for this video. 👍
@@Die-CastMetal Perhaps you should have worded your question better. What does a 10 year tenure have to with this video? Help me to understand.
Ngl I found the seal idea instead of signatures really cool
The idea that you have to stamp the form that says "We lost our stamp" or "Make someone give our stamp back (p.s., it's the person stamping this)" is . . . odd.
Is Legal Eagle aware of is image used to illustrate "law firm" at 4:13 ? :D
0:54 that's a weird map, what happened to Tibet?
Most of the borders are slightly off. I think they used a different projection for the globe and for China, unless South Tibet is suddenly part of the Greater Nepalese Empire
@@olivercheese8706 greater nepal superiority 🇳🇵
Tibet finally is free...partially.
4:48 “bright sides topic selections” OMFG 😂🤣😂🤣
Gonna need some salve got that burn 🔥🔥
The solution is actually very simple - before handing over your company seal, get the recipient to hand in a resignation letter, which you only act on if they refuse to give back your seal. And, of course, you stamp a letter accepting the resignation.
The NVidia ARM aquisition fell through because it had major anti-trust implications across the globe, and basically had nothing to do with ARM China which had already basically declared independence long before the acquisition was attempted and made public
You can't be fired ... You'll just cease to exist
China bad indian bot
Just like a signature, a stamp is very easy to forge. And there would have been ways for ARM to get Wu fired. The real reason why he wasn't was because he was backed by the chinese governement in his hostile take over, who willfully made it almost impossible for ARM to fire him. This all happen in the vicinity of the U.S / China trade war and with China pushing hard to develop their own silicon industry (fab, design and IP), so it's no surprise. ARM China basically declared independance and are even projecting an IPO right now. As for the NVidia deal, anti-trust issues was probably way more of a reason has to why the deal fell through.
This sort of company seal is used in the UK as well. Though not as widely known, as it's not mandatory like in China, but if a company has registered a seal, then documents stamped with it have the same legal legitimacy.
That burn on Brightside was better than any rap battle ever.
This "stamp" is more properly translated from 公司印章 as "The Ring of Power"
One Stamp to Rule Them All
noice
Just get a new SEAL from the Local Zoo !
4:40 is probably the real reason, why he is still the CEO of ARM China.
Company seals should be registered at the police as faking organisation(whatever state-owned or private) seals is a CRIME in CN which may cause 3yr prison
3:27 how we can stamped the request letter for lost/broken stamp 😢
“Stealing time from work” you didn’t have to murder us like this
I feel like this could be the basis of a heist movie in which somebody's hired to steal the seal back.
"youre fired"
"you need my stamp for that"
"then we will..."
"you still need this"
"then we..."
"youre still gonna need this for it"
"but..."
"youre still gonna need this and im not giving it to you"
This looks like a job for Kira.
Space Jesus Yamato or Holy Light Yagami?
Wow one person was able to save ARM. ARM dominates because it not controlled by a single manufacturer but is used by many. I'm still hoping for RISC V, a truly open architecture.
DID HAI JUST ADVERTISE WENDOVER PRODUCTIONS!!!
1:58 I knew this pun was coming, and I still wasn't ready for it.
Your stock footage is gold
I wouldn’t have expected there would be this problem in the 21st century 😂
4:31 Now let's not shift blame like that. He contributed like 1% of the reason why the deal fell through. Not only the UK and EU were investigating the deal, FTC even sued against the deal. No country in the world is letting that deal go through.
incredible shot at Brightside lmao
2:00 I'm watching this on an Intel processor, tyvm. (Also, saying ARM is "behind the processors" isn't very clear... They create the designs but just license the IP. Qualcomm and Apple are the main smartphone ARM licensees with TSMC being the main manufacturer of these processors)
Imagine agent 47 getting that job. All because someone refuse to relieve the seal.
4:20 Damn that sounds like an interesting Hitman side quest.
4:52
…bright sides topic selections.
🤣🤣🤣
Arm employee here committing time theft from Arm to watch a video about Arm china on HAI… does this count at professional development? Also worth noting it has less to do with the physical stamp and more to do with the fact that every private entity in China is owned 51% by the CPC.
Wait until these guys find out you can get a stamp made with pretty much whatever you want on amazon for 12 bucks
yeah but it must be registered with the police to make it legally the company seal, which you cannot do when you have one previously registered.
For real, freaking 3dprint replica, say Allen Wu's is the fake.
This video gets my stamp of approval. And it always will, regardless of my shareholders.
what if he just, oh idk, wrote up a contract for the company to pay him all of their money, then stamped it. He collects his money, and gives the stamp back. legal embezzlement.
also, of all the things to forge, it seems like a stamp would be pretty easy these days if you can get ahold of a stamped document.
Doesn't really work if it is widely known public knowledge that you do not have it. Also, I would guess that the impressions of complex stamps are unique enough that any attempt to forge it would be discovered, and the perpetrator would be immediately prosecuted
Sounds like literally every heist movie ever
"orange shut up and listen"
hilarious
The time theft at work line really had me lol
Yeah. This kind of infinite loopholes do exeist in big corporations, institutions and government organizations in China. Years ago, I quit my job from a Chinese research institute. And I had to go through 20 stamping steps to get a legal paper proving proving my resignation. It's very annoying.
I love how you said “while you commit time theft at your job” as I’m currently at my job winding down the last 15 minutes of my day…
Sounds like your job is half as interesting as this video
4:00 Just have a designated representative that isn't the CEO, so you can request a replacement?
Still leaves open a conspiracy of 2, but still...
I mean, the whole seal of the state thing is not limited to China, we sometimes refer to the Minister of Justice as the "Guardasigilli" as he is the official bearer of the grand seal of the state.
its funny that even in Hong Kong the company chops hold the same legal status, but registering isnt necessary since it gives more time for lawyers to argue things in court for money
Ha. Wrong. I’m not committing time theft at work, I’m committing sleep theft of me. It’s 2am. Send help 😂
5:08 wasn't the hook that you break pointless / obscure laws like Handling Salmon Suspiciously? If you leave that out it sounds like you're going around shoplifting, dealing with drugs or beating people up or something...
I'm curious, how often does this physical stamp need to be used in day to day operations of the company? If its not much, you could just destroy it and never have any chance of them firing you.
I too cannot be fired from china because I don’t work there
BIG BRAIN MOMENT !!!
Ever hear of a ceo reading all the papers in a stack? Nah bro just tell the lady at the desk before his desk to slip it in a pile of papers lol
Priceless.
I finally understand the channel name! Half of each video is interesting, the other half is advertising!
Nice shot of the Legal Eagle…lol
If it's lost or stolen, how can you stamp the replacement form with the current, existing stamp?
« Allen Wu has no intention of losing his job over something as silly as getting fired » 2:41