Lenovo CEO gives away $3 million bonus
Yuanqing decided to distribute his bonus amongst 10,000 junior-level employees including receptionists, production-line workers and assistants
The CEO of Lenovo, Yang Yuanqing recently received a tidy bonus of $3 million.
However instead of cramming the amount into a bank account, or splurging on a yacht, Yuanqing decided to distribute his bonus amongst 10,000 junior-level employees.
Among the employees to be gifted a part of the boss' hefty hand-out were receptionists, production line workers, and assistants. Each of the 10,000 employees received a bonus of 2000 yuan ($314).
Lenovo's fiscal year which ended in March was one of the best since the conception of the company. It made a 73% increase in net profit compared to the previous year. This just goes to show that Yuanqing really deserved that bonus, as inevitably at some point there were some corporate decisions that had to have been made by the CEO. This truly puts the Lenovo boss in a league of his own, unlike CEO's of other tech giants who take home a sizeable sum even when the ship is sinking.