Monday 2 September 2013

Lenovo CEO shares $3.25 million of his bonus with employees (again) after record year




Lenovo CEO shares $3.25 million of his bonus with employees (again) after record year
Sep 2nd 2013, 07:04, by Steve Dent

Lenovo CEO shares $325 million of his bonus with employees again after record year
After helping Lenovo thrive in the wretched PC industry -- while also making it the number one Chinese smartphone maker -- CEO Yang Yuanqing earned a sizeable bonus. And like last year, he's sharing the wealth with front-line employees, giving $3.25 million of his $14.6 million salary to 10,000 workers in 20 countries. Lenovo grabbed a record $34 billion during its last fiscal year, along with an all-time high $653 million in profit. While the sum he shared may be small compared to that, it's almost a month's pay for the 85 percent who work in China. And we can't say we've seen too many CEOs stateside willing to part with their personal private jet fuel stash.
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Source: Bloomberg
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