Lenovo CEO Shares $3 Million of His Bonus With Employees

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

Yang Yuanqing 300x297 Lenovo CEO Shares $3 Million of His Bonus With Employees[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.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/07/Yang-Yuanqing.jpg
  2. LNVGY: http://studio-5.financialcontent.com/investplace/quote?Symbol=LNVGY
  3. shared $3 million of his bonus with 10,000: http://www.geekosystem.com/lenovo-ceo-bonus/
  4. YHOO: http://studio-5.financialcontent.com/investplace/quote?Symbol=YHOO
  5. her millions: http://investorplace.com/2012/07/mayers-new-job-as-yahoos-ceo-is-worth/

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