20 July 2012
Lenovo CEO gives his $3 million bonus to line workers and other lower-level employees
The CEO of Lenovo Yang Yuanqing has done something unusual among his CEO counterparts. Yuanqing distributed his $3 million bonus among the company's 10,000 lower level workers.
ZDNet reports that, "the 'Yuanqing rewards' averaged out at 2,000 yuan, or $314, which is slightly less than a month's salary for many workers in China's technology manufacturing plants.
"This was Yuanqing's second bonus of the year and was given for steering the company to record shipments and profits despite a weak PC market .
The bonus was broken down into 10,000 discrete chunks and dispersed to line workers, assistants and other lower-level employees.
CNN reports Yang's total earnings for the fiscal year that ended in March amounted to $14m.