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.
Read: Boss Gives His Employees $7,500 to Take a Vacation [VIDEO]
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).
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.