Xiaomi's Pan Jiutang: Middle and Senior Management Compensation Strongly Tied to Company Performance, No Internal Power Struggles

Deep News01-14

Pan Jiutang, a partner at Xiaomi's Industrial Investment Department, stated today that "finding a hundred generals is easy, but finding one true commander is difficult," noting that President Lu (Lu Weibing) is a heavyweight "entrepreneur-level" executive introduced by Xiaomi, deeply respected by employees and the board of directors, and is currently at the ideal age to drive ambitious initiatives. He indicated that the compensation of Xiaomi's middle and senior management is strongly correlated with the company's overall performance, with many veteran mid-level managers, who may be facing health issues or a lack of sustained capability, content to step back or retire while holding company stock. He emphasized that there are no internal power struggles during management transitions seen in some other companies, and welcomed technical experts and industry leaders to join, highlighting that Xiaomi offers an interesting work environment, a sense of purpose, and vast career development opportunities.

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