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Will Foreign Competition Kill U.S. Tech-Industry Comforts?

Due to increasing pressure from Chinese rivals, venture capitalist Michael Moritz suggests that Western tech companies must respond with greater efficiency and fewer employee indulgences. “If a Chinese company schedules tasks for the weekend, nobody complains about missing a Little League game or skipping a basketball outing with friends,” he writes in the Financial Times. “Little wonder it is a common sight at a Chinese company to see many people with their heads resting on their desks taking a nap in the early afternoon.”

Read the whole story at Financial Times »

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