Lenovo CEO Yang Yuanqing Gives $3 Million Of His Bonus To 10,000 Employees

Posted Jul 20, 2012
[Image credit: Harikrishna Katragadda / Mint]

Lenovo CEO Yang Yuanqing is distributing $3 million from a bonus to 10,000 junior-level employees at the company.  Lenovo is a China-based technology company that is known for building PCs.  The employees include receptionists and production-line workers.  Each of them will receive an average bonus of 2,000 yuan ($314).  Yang received a bonus of $5.2 million after the company had their best fiscal year ending in March.  Lenovo is a $30 billion PC company that hit a 73% increase in net profit from the previous year.  Yuanqing’s salary, incentives, and other benefits amount to around $14 million. [CNN]