The Verge
Vox Media, Inc.
(1,000+)
FREE – On Google Play
Culture
After Lenovo posted extremely healthy financials back in May, it provided CEO Yang Yuanqing with a $3 million bonus for doing such a good job. There's nothing particularly notable about a CEO receiving performance-related bonuses, but what is unusual is how Yang spent the money. Rather than adding it to his multi-million dollar salary, Yang distributed the bonus among junior-level employees. Some 10,000 receptionists, production-line workers, and assistants received an average bonus of around $314 each. A recent Fair Labor Association report found that the average monthly wage in Chinese factories ranged from $354 - $450 (the minimum wage in Shenzhen is $220), so for some of the employees, the bonus may have been close to an entire month's wages.
While he isn't quite a modern-day Robin Hood — Yang earned around $14 million last year alone, making $3 million pretty insignificant — it's good to see a CEO distributing at least some of his wealth.
There are 260 Comments. Load 'Em Up. Show speed reading tips and settings
Shortcuts to mastering the comment thread. Use wisely.
C - Next Comment
X - Mark as Read
R - Reply
Z - Mark Read & Next
Shift + C - Previous
Shift + A - Mark All Read
Comment Settings
Live comment alert: Hide it!
Comments for this post are closed.