Why You Can’t Be Fired in China If You Have This Stamp

Video written by Adam Chase

[gianlucatartaro]

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.

[HdbeWydvd]

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.

[dondo]

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

[LadyGainhart]

Imperial Seal popping up wasnt something i expected today, but any day is a good day to see a magic card in the wild.

[postman]

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.

[lousyhacker]

Somewhere out there is a pickpocket with the opportunity of a lifetime.

[AlexSchendel]

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.

[Ethans]

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.

[xanpenguin]

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.

[qingyangzhang]

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.

[oliverscratch]

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.

[felixcohen]

Almost seems like giving a single person all of the power without putting sufficient failsafes in place is a bad idea.

[mooseoperator]

Find your way around this loophole with this one simple step! These stamp holders hate this!

[Halosty]

Wait if he has the stamp... they can't fire anyone else either, can they.

[vinniechan]

Surprisingly delighted that you cover this story
The UK HQ has cut off supplying any information on latest developments and finance

[zim]

"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.

[obsidianstatue]

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.

[nicoz]

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.

[Learn_Something_New]

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.

[bivamshukhadka]

I loved the shade being thrown at Bright side