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

Newest 5
Newest 5 Comments

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!

Abusive comment hidden. (Show it anyway.)
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.
Abusive comment hidden. (Show it anyway.)
Login to comment.

Email This Post to a Friend
"Lenovo CEO Distributed His $3 Million Bonus to Employees"

Separate multiple emails with a comma. Limit 5.


Success! Your email has been sent!

close window

This website uses cookies.

This website uses cookies to improve user experience. By using this website you consent to all cookies in accordance with our Privacy Policy.

I agree
Learn More