Lenovo CEO Distributed His $3 Million Bonus to Employees

CEOs earning millions of dollars in bonuses is not unusual, but what is remarkable is what China-based technology company Lenovo's CEO Yang Yuanqing did with his:

Yang Yuanqing distributed $3 million from his bonus among 10,000 junior-level employees, the China-based technology company confirmed Thursday. The employees, such as receptionists, production-line workers and assistants, each received an average bonus of 2,000 yuan, which is $314, in the name of their CEO.

Link - via The Verge

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And of course he pay no income tax on the that 3mill. O wait!!

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Um, if he gave it away, why should he pay income tax on that?

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If this was in the US, he'd pay tax on the earned income, no matter what he does with it afterward.
No clue here about Chinese tax law, if any exists.

I like the CEO pay scale in Japan:
SONY 1.43M
As compared to the US
'non-profit' United HealthCare $49M

Japan has a 11 to 1 CEO to Average Worker pay ratio. While in the US, it's 475 to 1!

http://creativeconflictwisdom.wordpress.com/2011/10/07/ration-of-ceo-pay-to-average-worker-by-country/

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I think he gets to deduct the amount he contributed. In any case, it's possible that he never got that bonus - instead, he instructed the company to redirect the bonus to the employees.