Lenovo CEO spreads the wealth, distributes his $3 million bonus to lower level employees
The
list of CEOs and other execs in the US that have accepted multi-million
dollar bonuses for lording over the crash and burn of a company (or
even an entire economy) is staggering. And we can guarantee you that most of that money went towards fancy cars and golden toilet seats. Lenovo's Yang Yuanqing,
on the other hand, received a sizable $3 million bonus for actually
being good at his job. The additional bonus was a reward for steering
the company to record shipments and profits despite a weakening PC market.
And what did Mr. Yuanqing do with that money? He gave it back to his
employees. That second bonus was broken down into 10,000 discrete chunks
and dispersed to line workers, assistants and other lower-level
employees. I think that officially makes Yang Yuanqing our new favorite
CEO in tech.
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