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30
independent nonexecutive directors of CNOOC terminated the proposal,
believed not to be able to resolve U.S. government security concerns presented
by the proposed transactions.
The Chinese acquisitions of high-profile companies, especially those in the more
sensitive and strategically important sectors like energy, information technology,
or security (ports, for example), have met with much greater resistance from the
U.S. government. Congress is particularly concerned about the motives of
potential Chinese buyers who are usually owned by or have deep ties to the
Chinese government, such as oil companies or sovereign wealth funds, or other
ostensibly “private” companies that nevertheless lack transparency regarding
ownership, such as Huawei Technologies.
The major concerns about sovereign wealth funds like CIC appear to be:
1. Is there any hidden geopolitical strategy of ruining the U.S. economy?
2. Do SWFs have access to government officials and information not available to
the ordinary investor, and engage in insider trading? Do they use their
investments to eradicate competition in favor of their own homegrown
companies?
3. Can SWFs destabilize U.S. companies by threatening to withdraw their equity
over whichever reasons that might emerge?
Interestingly, the U.S. has asked China to participate in the drafting of voluntary
international “best practices” for sovereign wealth funds to be coordinated by
Object Description
| Title | China's investment in the United States and the public relations implications: A case study of the Lenovo-IBM acquisition |
| Author | Liang, Shuyan |
| Author email | shuyanliang.usc@gmail.com; shuyanli@usc.edu |
| Degree | Master of Arts |
| Document type | Thesis |
| Degree program | Strategic Public Relations |
| School | Annenberg School for Communication |
| Date defended/completed | 2011-04-30 |
| Date submitted | 2011 |
| Restricted until | Unrestricted |
| Date published | 2011-05-04 |
| Advisor (committee chair) | Kotler, Jonathan |
| Advisor (committee member) |
Floto, Jennifer Wang, Jian (Jay) |
| Abstract | This paper discusses Lenovo’s acquisition of IBM’s personal computer division in 2005 as a case in point to explore issues involved in China’ investment in the United States, particularly its public relations implications. It is demonstrated that media coverage underscored the complications and tensions in these supposedly free market activities. This paper presents the manifestation of controversial issues such as state-ownership of businesses, national security, and economic protectionism, as Chinese enterprises invest in the United States through mergers and acquisitions. It provides an account of Lenovo’s communication strategies and gives suggestions to better manage corporate reputation and brand images for Chinese companies that are seeking overseas investment. |
| Keyword | Lenovo; IBM; China; United States; foreign direct investment (FDI); mergers and acquisition (M&A); public relations (PR) |
| Geographic subject (country) | China; USA |
| Coverage date | 2005/2010 |
| Language | English |
| Part of collection | University of Southern California dissertations and theses |
| Publisher (of the original version) | University of Southern California |
| Place of publication (of the original version) | Los Angeles, California |
| Publisher (of the digital version) | University of Southern California. Libraries |
| Provenance | Electronically uploaded by the author |
| Type | texts |
| Legacy record ID | usctheses-m3902 |
| Contributing entity | University of Southern California |
| Rights | Liang, Shuyan |
| Repository name | Libraries, University of Southern California |
| Repository address | Los Angeles, California |
| Repository email | cisadmin@lib.usc.edu |
| Filename | etd-Liang-4567 |
| Archival file | uscthesesreloadpub_Volume32/etd-Liang-4567.pdf |
Description
| Title | Page 37 |
| Contributing entity | University of Southern California |
| Repository email | cisadmin@lib.usc.edu |
| Full text | 30 independent nonexecutive directors of CNOOC terminated the proposal, believed not to be able to resolve U.S. government security concerns presented by the proposed transactions. The Chinese acquisitions of high-profile companies, especially those in the more sensitive and strategically important sectors like energy, information technology, or security (ports, for example), have met with much greater resistance from the U.S. government. Congress is particularly concerned about the motives of potential Chinese buyers who are usually owned by or have deep ties to the Chinese government, such as oil companies or sovereign wealth funds, or other ostensibly “private” companies that nevertheless lack transparency regarding ownership, such as Huawei Technologies. The major concerns about sovereign wealth funds like CIC appear to be: 1. Is there any hidden geopolitical strategy of ruining the U.S. economy? 2. Do SWFs have access to government officials and information not available to the ordinary investor, and engage in insider trading? Do they use their investments to eradicate competition in favor of their own homegrown companies? 3. Can SWFs destabilize U.S. companies by threatening to withdraw their equity over whichever reasons that might emerge? Interestingly, the U.S. has asked China to participate in the drafting of voluntary international “best practices” for sovereign wealth funds to be coordinated by |
