Lenovo CEO Shares $3M Bonus with Employees
A Lenovo chief executive helped the image of fat cat CEOs everywhere Thursday. Yang Yuanqing of the China-based PC maker took $3 million he received above his normal bonus and distributed it to 10,000 underlings. The $314 payout to employees amounted to an entire month of wages for the average factory worker assembling cell phones and other consumer items.
There's no word why Yang took the measure, other than calling a 73 percent jump in profits part of a "record-setting year for Lenovo."