Yang Yuanqing

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."

On April 11 in Beijing, Lenovo held its fiscal 2012 pep rally with the title "Wow! Begins Now". At the ceremony, Lenovo's president and CEO Yang Yuanqing revealed their objective in the coming fiscal year, "Our goal is to be No.1 in global PC market. It's the first time we've ever been so close to the top."

April 1 was the first day of Lenovo's fiscal 2012. According to a April 11 Gartner report, in the first season of 2012, HP's shipments were 15,305,413 with a 17.2% share.

Meanwhile, Lenovo's market share was 13.1%

The plethora of Lenovo device announcements at this week's Consumer Electronics Show (CES), including a buzzed-about "yoga" laptop that flips inside out to become a touchscreen tablet, points to a company still fascinated with producing consumer PC hardware. That mindset sets Lenovo apart from other PC giants (HP, Dell) that have moved towards selling higher-margin services and cloud computing. "Our strategy is to focus on product," confirmed Lenovo Chief Executive Yang Yuanqing in an interview at CES. This year, those Lenovo products range

Once an unlikely rival for HP and Apple, Chinese computer maker Lenovo has grown and adapted as quickly as its homeland. Now, with a savvy blend of East and West, it's poised to be China's first global brand. Leading the PC maker's pursuit of new markets, CEO Yang Yuanqing believes in "replaying the chess board" to keep improving.

Just west of the Bird's Nest, that architectural jewel of the 2008 Summer Games in Beijing, rises an electronics district of Olympic proportions. It's called Zhongguancun, and if you need a computer or smartphone or

Lenovo Group Ltd. plans to launch a tablet computer called the LePad in the U.S. next year, Chief Executive Yang Yuanqing said Friday, joining a growing set of companies looking to compete with Apple Inc.'s popular iPad in a young but growing tablet market.
China's biggest personal-computer maker by shipments is following rivals such as Dell Inc. that see tablets as a new potential growth driver. Dell already sells a five-inch tablet called the Streak and plans to launch seven-inch and 10-inch tablets. Samsung Electronics Co. is rolling out its Galaxy Tab

More Blogs