Lenovo CEO Yang Yuanqing Gives Bonus From Bonus

Subject: General Tech | September 4, 2013 - 12:48 PM |
Tagged: Lenovo

After taking over IBM's line of personal computers, Lenovo climbed to first place amongst PC manufacturers. They spite the declining market with growth year-over-year and record shipments of devices. Over half of their revenue comes from PC sales.

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Now, for the second consecutive year, CEO Yang Tuanqing (pictured above) is congratulating many of his employees by sharing his bonus with them. A total $3.25 million USD will be distributed amongst 10,000 employees who otherwise are ineligible for bonuses or commissions. Manufacturing workers are the focus with 85% of recipients located in China. For those employees, this would be equivalent to receiving an extra month's pay.

This move was very generous and humble; it is nowhere to be seen on their official press sites. It became public when Bloomberg received a leaked HR memo and confirmed it with a company spokesperson.

Good on you, Lenovo.

Source: Bloomberg

September 4, 2013 | 02:47 PM - Posted by pdjblum

Hope they don't waste it on crApple products.

September 4, 2013 | 05:30 PM - Posted by Alien0227

Awesome! If I ever purchase a pre-built PC again (I build my own now) I would certainly give Lenovo a serious consideration for this reason alone! This is a very astute company leader!

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