AfterDawn: News

Lenovo CEO gives away his bonus check to employees

Restoring faith in humanity, Lenovo CEO Yang Yuanqing has distributed his bonus check to almost 10,000 junior level employees.

The company posted a great quarterly earnings report in May, and the exec was given a $3 million bonus for his work and the performance.



Rather than pocketing the money, however, the CEO paid checks of $314 to almost 10,000 production-line workers, assistants and receptionists. The average monthly salary for most of these employees ranged from $350-$450, so the bonus check was significant.

Not to take anything away from the CEO's outstanding gesture, but Yuanqing did earn over $14 million last year for his position (with bonuses).

Regardless, it is great to see an exec giving money back to the employees that help him earn it.

Written by: Andre Yoskowitz @ 21 Jul 2012 18:11

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• 18 comments

• elbald90

  utmost respect given
  

  21.7.2012 18:14 #1

• JST1946

  Most CEO's get rid of some employees so they can get a big fat bonus.This is the type of guy you would want to work for.
  

  20 Year U.S.Army Veteran.Vietnam 1969-1972 101st Abn.Div.

  21.7.2012 18:25 #2

• Interestx

  Kudos to that man.
  Shame so many others just aren't that way.....even when they already make more than they could possibly sanely spend.
  
  Some people need to relearn the lesson, there are no pockets in shrouds......and you just can't buy the future.
  

  21.7.2012 21:16 #3

• SAW_FIEND

  AMAZING AND BEAUTIFUL WAY TO SHOW UR EMPLOYEES U RESPECT THEIR HARD WORK! Too bad this will never happen in any American Companies.
  

  OH YES ... THERE WILL BE BLOOD.

  22.7.2012 03:04 #4

• Bladerz05

  I have to say, much respect to this CEO; he has made an example of behavior that others should learn from and follow. This type of behavior creates employee loyalty which equals a happy workforce. I hope this type of generosity continues and we see other employers follow suit.

  22.7.2012 03:12 #5

• LordRuss

  At a time when China is still taking a beating for human rights offenses, here an individual (and a CEO no less) shows how to be a human being again. A practice we here in the US used to exercise. Now it seems to be reflected/celebrated as a quaint endearment to some forgotten past or the ass of a bad joke.
  
  A part of me raises a hand to Lenovo CEO Yang Yuanqing for his show of kindness. The humanitarian in me is a bit appalled at the fact that folks in China basically earn around $375 a month.
  

  http://onlyinrussellsworld.blogspot.com

  22.7.2012 10:26 #6

• H0bbes

  Mad respect, sir. Kudos and a toast.

  22.7.2012 12:02 #7

• cyprusrom

  Originally posted by LordRuss: ...
  
  A part of me raises a hand to Lenovo CEO Yang Yuanqing for his show of kindness. The humanitarian in me is a bit appalled at the fact that folks in China basically earn around $375 a month. Unfortunately, $375/month is pretty much the norm, on the high side, for many countries, not just China...

  22.7.2012 14:53 #8

• mukhis

  Originally posted by LordRuss: A part of me raises a hand to Lenovo CEO Yang Yuanqing for his show of kindness. The humanitarian in me is a bit appalled at the fact that folks in China basically earn around $375 a month.
  if one's evil side of the mind says the CEO did it to gain popularity, there's no reason not to show respect to this gentleman.
  
  according to a new research, an employee in mcdonalds US earns ~ 16 times (if i remember correctly) an employee in mcdonalds india does, and one indian needs to works ~ 2.5 times an american does despite employees in both the countries work the same way using the same technology. exploitation of employees in 3rd world is common even in big name corporations.
  

  23.7.2012 01:58 #9

• LordRuss

  Originally posted by mukhis: exploitation of employees in 3rd world is common even in big name corporations. Thus, one of the many reasons behind my making mention of this gross off balance. Don't get me wrong, the US exploits 3rd world nations like a champ, but those chains are run in part by individuals with their respective countries as well. I.e., polluted by the very greed we started.
  
  And even though the earning scale is w a y out of kilter, folks here in the states still can't eek out a living on what we call 'minimum wage', all because the living/economic standards has/have been pushed beyond the aforementioned balance.
  
  I.e., we're all in a world of shit until we collectively bring things back into equilibrium. There's nothing wrong with being rich. But there is when you're under the understanding that the material wealth is somehow equated to intelligence & (laterally) policy making potential.
  
  I've been in a room full of rich people before... They REALLY don't know shit! They "pay" smart people (very little mind you) to be around them so they can make those seemingly risky decisions.
  
  Any asshole can say yes/no when you hire NASA to do your heavy lifting.
  

  http://onlyinrussellsworld.blogspot.com

  23.7.2012 12:18 #10

• mukhis

  Originally posted by LordRuss: #1 but those chains are run in part by individuals with their respective countries as well. I.e., polluted by the very greed we started.
  
  #2 I.e., we're all in a world of shit until we collectively bring things back into equilibrium. There's nothing wrong with being rich. But there is when you're under the understanding that the material wealth is somehow equated to intelligence & (laterally) policy making potential.
  #1 i agree. i can see this as i am living in the most corrupt state in india (supposedly).
  #2 couldn't agree more. the problem is that we don't do what we say in public. we lecture about light but we don't light up a candle. we ask people to stop smoking but we smoke regularly (e.g., doctors). you know how so called communists has messed up the world, they called for some (not all) good things but they never executed those but did the opposite indeed. unless we set up an example by doing things ourselves, who is gonna believe us and how things are going to work?
  
  the lenovo CEO IS an example.
  

  24.7.2012 00:35 #11

• LordRuss

  Originally posted by mukhis:
  #1 i agree. i can see this as i am living in the most corrupt state in india (supposedly).
  #2 couldn't agree more. the problem is that we don't do what we say in public. we lecture about light but we don't light up a candle. we ask people to stop smoking but we smoke regularly (e.g., doctors). you know how so called communists has messed up the world, they called for some (not all) good things but they never executed those but did the opposite indeed. unless we set up an example by doing things ourselves, who is gonna believe us and how things are going to work?
  
  the lenovo CEO IS an example. #1 - Indiana is the most corrupt? Are you sure? I'm from Illinois & some would disagree with you REALLY harshly about that one... ;)
  
  #2 - There will always be a modicum of contradiction in policy. I.e., do as I say, not as I do. Some would say for nothing more than to keep from repeating history ([deity choice] that should happen). Sometimes it is clearly an unavoidable inevitability. Say the death penalty (yes, it's a valid argument). But so long as a BALANCE is met.
  
  Moderation is the key, but there will always be those who deem themselves more worthy & above the rest of us. Facts are, they shit like everyone else & on occasion the toilet tissue breaks. So even they get to dance around with shit on their fingers. They'd like you to think they don't, but it's true.Remove that mystique & you regain control over 'you'.
  
  Again, I resort back to the cleansing of the Zombie Apocalypse... If it were you & say Don Trump sitting in a boarded up house... He has 10K in hundreds all over his person, but no can opener or knowledge on how to make bread out of the ingredients in the house... Which one of you two is now in control?
  

  http://onlyinrussellsworld.blogspot.com

  26.7.2012 12:18 #12

• xboxdvl2

  Originally posted by cyprusrom: Originally posted by LordRuss: ...
  
  A part of me raises a hand to Lenovo CEO Yang Yuanqing for his show of kindness. The humanitarian in me is a bit appalled at the fact that folks in China basically earn around $375 a month. Unfortunately, $375/month is pretty much the norm, on the high side, for many countries, not just China...
  
  $375 a month is basically a person over 16 living with there parents centrelink (welfare)payment for a months.its shocking to think people work day and night to earn that.what a great country i live in and yes i live in australia.
  
  its great he gave back to the workers they will respect him more and the moral will be higher and they will work better.its even more admiral that he did it cause he wanted to and was not forced to.
  

  R.I.P. mr 1990 ford falcon.got myself a 1993 toyota corolla seems to run good.computers still going good.

  26.7.2012 15:54 #13

• XSilvenX

  This is what should happen but never does. Faith in humanity definitely restored..to some marginal degree.
  

  27.7.2012 07:30 #14

• hohum

  Originally posted by LordRuss: Originally posted by mukhis:
  #1 i agree. i can see this as i am living in the most corrupt state in india (supposedly). #1 - Indiana is the most corrupt? Are you sure? I'm from Illinois & some would disagree with you REALLY harshly about that one... ;) Um, he said INDIA - not INDIANA! How Amero-centric! :)
  

  27.7.2012 14:17 #15

• 3rdgen

  Amazing. Just think about how happy in life the man must be. I think its so neat that he wants to make 10,000 other people happy as well. We should all be like this guy and have a life like he does. Money and all. Not taking anything away. Not sure I know anyone that would have done what he did.
  

  Hey take it easy

  27.7.2012 23:11 #16

• pmshah

  Originally posted by xboxdvl2: Originally posted by cyprusrom: Originally posted by LordRuss: ...
  
  A part of me raises a hand to Lenovo CEO Yang Yuanqing for his show of kindness. The humanitarian in me is a bit appalled at the fact that folks in China basically earn around $375 a month. Unfortunately, $375/month is pretty much the norm, on the high side, for many countries, not just China...
  
  $375 a month is basically a person over 16 living with there parents centrelink (welfare)payment for a months.its shocking to think people work day and night to earn that.what a great country i live in and yes i live in australia.
  
  its great he gave back to the workers they will respect him more and the moral will be higher and they will work better.its even more admiral that he did it cause he wanted to and was not forced to. Come to think of it US$ 375/= per month is definitely not bad for a family of 4 here in India. Of course this is leaving out say 10 largest metros. What practically every worker - not bosses - in 3rd world countries knows is the difference between Wants and Needs. and not give in to wants over needs, a lesson needed to be learn by the Americans. My $ 150/= Samsung Android does everything I need. Although I can very well afford it there is no way I can justify $ 700/= Samsung S III. It is just a matter of priorities.

  28.7.2012 01:31 #17

• LordRuss

  Originally posted by hohum: Originally posted by LordRuss: Originally posted by mukhis:
  #1 i agree. i can see this as i am living in the most corrupt state in india (supposedly). #1 - Indiana is the most corrupt? Are you sure? I'm from Illinois & some would disagree with you REALLY harshly about that one... ;) Um, he said INDIA - not INDIANA! How Amero-centric! :) AH SHIT!!!! There I go again! And for your information it isn't Amero-centric, it's old-fart-acentric... Being old, dyslexic, drugged up & half schizophrenic; it's amazing I know what a keyboard is much less that I think 'it' is doing the talking to me...
  
  Seeing as I haven't been to India, I can't answer for that... All I know is that this little county (not country) I used to live is still referred to as Bloody Williamson. Without stupid long detail, let's just say if you want to kill someone & get away with it... That's the place to do it. Even Al Capone wouldn't mess with these red necks back in the day.
  
  Just saying. I'm sure you folks have some horrible stories too, but we're getting off topic.
  

  http://onlyinrussellsworld.blogspot.com

  28.7.2012 15:38 #18