Lenovo CEO Shares $3 Million Bonus With Workers

hackingbear writes "Yang Yuanqing, founder and CEO of Chinese PC maker Lenovo, will share $3.25 million from his bonus with some 10,000 staff in China and 19 other countries. 'Most are hourly manufacturing workers,' Lenovo spokeswoman Angela Lee said. 'As you can imagine, an extra $300 in a manufacturing environment in China does make an impact, especially to employees supporting families.' In its annual review last year, Lenovo raised Yang's base pay to $1.2 million and awarded him a $4.2 million discretionary bonus and a $8.9 million long-term incentive award. Yang owns 7.12% of Lenovo's shares, equivalent to about $720 million in stock."

Comments

Philantropy

[jimshatt]

It's easy to be a philanthropist when you're rich. Just sayin'

return what you don't deserve...

[Joining Yet Again]

Psychology 101: never reward someone for not doing bad; only for doing good.

In this case, all he did was refuse to be so grossly overpaid.

In before 1000 Libertarians explaining that nobody works unless they're paid money, because nothing is important except accumulation of material tat.