Hero CEO Shares $3 Million Bonus With His Employees
He Split the $3 Million Among His 10,000 Employees
Amidst tales of greedy bankers and handsomely rewarded CEOs, this is a fresh and noteworthy story: Lenovo computer CEO Yang Yuanqing has shared his $3 million bonus check with his 10,000 employees, netting each person an average of $314.
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That may seem like a small sum relative to $3 million, but in this case, it's most definitely the thought that counts. Forbes reports Yang's generosity extended to all employees, including designers, executives, receptionists and factory workers.
Lenovo, a $30 billion company, Forbes reports, had a great year in 2011, with a 73 percent increase in profits.
Yang's total compensation came to $14 million -- so it's not like he wasn't left with a fantastic payday after sharing the wealth -- but it doesn't take away from his acknowledgement with the bonus sharing that every single employee contributed to the company's success (and, naturally, his fat payday).
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The British website The Channel reports (via Forbes) that HP CEO Meg Whitman could earn as much as a $6 million bonus this year, while new Yahoo! CEO Marissa Mayer could earn a $4 million bonus if she meets certain goals this year.
We, like Forbes, wonder: might Whitman and Mayer divvy up their big bonuses among their employees. Too?
Here's hoping Yang has started a trend.


