CEO Shares $3.25M Bonus With Hourly Employees (Again)

The company has passed Hewlett-Packard in PC sales

   

CEO Shares $3.25M Bonus With Hourly Employees (Again)

payout handing over money 630 flickr 300x173 CEO Shares $3.25M Bonus With Hourly Employees (Again)Chinese computer maker Lenovo Group (LNVGY) likes to reward its CEO when the company does well. And he, in turn, likes to reward the workers who helped make the company a success.

To that end, Yang Yuanging will share $3.25 million from his annual performance bonus with 10,000 hourly Lenovo workers. It is the second consecutive year that the CEO has shared his bonus, Bloomberg notes.

empty office chair 630 flickr 200x200 CEO Shares $3.25M Bonus With Hourly Employees (Again)
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Lenovo has surpassed Hewlett-Packard‘s (HPQ) PC business. For its last fiscal year, which ended in March, the Chinese computer manufacturer said it shipped 52.4 million units and generated sales of $34 billion.

Roughly 85% of the workers who will receive part of Yuanging’s bonus reside in China. But some workers in 20 other nations can expect to get some payment as well. Workers will receive an average payment of $325, about a month’s wages for a municipal worker in China.

A Lenovo executive said that the payments were Yuanging’s way of making sure that “all of our employees understand the impact they have on building Lenovo.”


Article printed from InvestorPlace Media, http://investorplace.com/2013/09/ceo-shares-3-25m-bonus-with-hourly-employees-again/.

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