CEO Literally Spreads the Wealth By Giving Employees His $3 Million Bonus
While some executives seem to care only about themselves and their bottom lines, others feel that the benefit comes from giving some of their fortune away.
At least that is what the CEO of the China-based technology firm Lenovo seems to think.
Yang Yuanqing is being praised for the way he used his yearly bonus ever since he split $3 million of it among the company’s 10,000 junior-level employees. These employees included receptionists, production-line workers and assistants -- each of whom receive an average of $314 in the name of their CEO.
The additional $3 million -- on top of a $2 million Yang had already received -- was awarded to him after the company experienced a record setting fiscal year in March, with a 73 percent increase in net profits from the year before.
Lenovo is now the second-largest PC vendor in the world -- and maybe home of the nicest boss on the planet.