Lenovo CEO Shares $3 Million of His Bonus With Employees

by Angela Nazworth | July 23, 2012 1:18 pm

[1]It’s Christmas in July for about 10,000 Lenovo Group (PINK:LNVGY[2]) employees.

The computer maker’s CEO, Yang Yuanqing, recently shared $3 million of his bonus with 10,000[3] of his employees.

The lucky employees, who serve in junior-level positions such as customer service representatives and factory workers, received about 2,000 yuan. That’s the equivalent of about $314.

Yuanqing decided to share the wealth after his annual bonus came in $3 million higher this year. Over all, Lenovo had a stellar year and its CEO reeled in about $14 million — a figure that includes salary, incentives, bonuses and benefits.

One cannot help but hope that the generous act will spur a trend among other CEOs. Perhaps Marissa Mayer, Yahoo‘s (NASDAQ:YHOO[4]) new chief, will share some of her millions[5] if she manages to turn the company around.

Source URL: http://investorplace.com/2012/07/lenovo-ceo-shares-3-million-of-his-bonus-with-employees/
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