Lenovo CEO to 10K Workers: Take My Bonus

Lenovo's Yang Yuanqing hands out $3M
By Rob Quinn,  Newser Staff
Posted Sep 3, 2013 2:59 AM CDT
Updated Sep 3, 2013 7:03 AM CDT
CEO to 10K Workers: Take My Bonus
Yang Yuanqing, chairman of Lenovo Group, attends a press conference in Hong Kong.   (AP Photo/Vincent Yu)

Lenovo's CEO has decided to hand over a hefty chunk of his annual bonus to the workers who helped make the Chinese company the world's biggest personal computer maker, the firm says. For the second year in a row, Yang Yuanqing is sharing more than $3 million with around 10,000 workers, most of them in China, where the $325 or so each worker will receive adds up to almost a month's pay, reports Bloomberg.

Yang was paid more than $14 million last year and owns a 7% chunk of the company, so the gesture won't exactly leave him scrambling for change in the couch cushions. But it does look "like a sincere effort to thank the many people who have helped to make Lenovo China's first truly world-class tech firm," writes Doug Young at the South China Morning Post, who's glad for the shift from Yang's "usual bluster" about Lenovo getting ready to overtake Apple and Samsung in smartphones. (Read more Lenovo stories.)

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