Printed from http://www.electronista.com

Lenovo CEO shares personal bonus with all workers

updated 12:55 pm EDT, Mon September 2, 2013

Bonus worth month's pay for factory workers

Lenovo CEO Yang Yuanqing reportedly plans to share more than $3 million of his personal bonus among approximately 10,000 lower workers, according to a Bloomberg report. Although a $325 bonus may not seem particularly significant by Western standards, it is said to equal nearly an entire month's pay for a city worker in China.

"[Yuanqing] 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," human resources senior vice president Gina Qiao reportedly said in a note circulated to workers.

The move comes just weeks after the company posted record performance for the second quarter of the year, increasing revenue and profits as the overall PC market continues to decline. Yuanqing made a similar contribution to his workers last year, taking $3 million out of his overall income of approximately $14.6 million.

Lenovo currently employs more than 35,000 staff throughout the world, though 85 percent of the bonuses will be directed to workers in China.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Adesso Compagno X Bluetooth keyboard

The shift from typing on physical keyboards to digital versions on smartphones and tablets hasn't been an easy for many consumers. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News