ADVERTISEMENT
blog header

Lenovo CEO Distributes His $3 Million Bonus Among Employees

Regardless of your views on executive pay, the way Lenovo CEO Yang Yuanqing has chosen to dispense with $3 million of his bonus is quite admirable. Yuanqing split the $3 million among 10,000 junior-level employees, including assistants, receptionists and production-line workers, according to CNN. Employees received about 2,000 yuan apiece, or $314 in U.S. currency.

That $3 million sum came from Yuanqing's $5.2 million bonus for the fiscal year that ended in March 2012. Lenovo had its best fiscal year ever during that period, raising net profit by 73 percent over the prior year. "We set an all-time high for revenue, shipment, market share and pre-tax income," Yuanqing said in a press release.

It's safe to say that the Lenovo CEO's generosity won't hurt his own financial standing in the slightest. His earnings were about $14 million in the past fiscal year, a total that includes his base salary, incentives and various benefits. Do you think more CEOs should follow Yang Yuanqing's lead and distribute part of their personal earnings to junior employees?

More From Payscale

Is It Possible to Run a Company Without Middle Managers?
How to Create a Professional Profile Companies Will Actually Want to Read
5 Social Media Tips for Jobseekers

120719060317-lenovo-ceo-yang-story-top

(Photo credit: CNN)

Comment




  1. Please prove to us that you're not a robot:
Find Out Exactly What You
Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -
ADVERTISEMENT
SEARCH
SUBSCRIBE TO THIS BLOG
subscribe
SOCIALIZE WITH US
Facebook Twitter LinkedIn Google Plus Pinterest
JOIN OUR NEWSLETTER
go!
Compensation Today