Lenovo CEO Yang Yuanqing Gives Bonus From Bonus
Subject: General Tech | September 4, 2013 - 12:48 PM | Scott Michaud
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.
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.