Lenovo CEO Shares $3 Million Bonus With Workers
Lenovo CEO Yang Yuanqing will share $3.25 million of his bonus with the company’s workers, this is the second year in a row that the Lenovo boss has decided to share his annual bonus with his staff.
Around 10,000 Lenovo employees will receive a share of the $3.25 million bonus, and each employee will get around $325 in 20 countries around the world, according to a memo written by Gina Qiao, senior vice president of human resources.
“Employees who receive the bonus are mostly those in manufacturing paid on an hourly basis, who are not eligible for other bonus programs or sales commission,” said the company in a canned statement.
“This payment is personally funded by Yuanqing,” Qiao said. “He believes that he has the responsibility as an owner of the company, and the opportunity as our leader, to ensure all of our employees understand the impact they have on building Lenovo.”
It’s the second year running Yang has shared the wealth – last year he handed out $3m to his staff.
Lenovo posted revenue of $34 billion and PC shipments of 52.4 million units in the 12 months ended March 31 as the company gained market share and expanded sales of smartphones and tablets.
It’s worth noting that Yang won’t exactly suffer too much as a result of his generosity, since his last annual bonus was reportedly worth US$5.2 million, and his net personal income for the year totaled US$14 million. It still is a really nice gesture!