While Lenovo is doing all so great with a “record-setting” fiscal year 2011-2012, its CEO Yang Yuanqing has rendered his part of greatness with a very human touch. Being the CEO of the world’s second largest PC vendor has distributed a part of his personal $3 million bonus amount to 10,000 of his junior-level employees.
Lenovo, with a record breaking full-year sales of $US 29.6 billion and pre-tax income of $582 million, provided its CEO a performance-related bonus of $3 million for his remarkable job in achieving the feat. Meanwhile, the firm’s really sweet CEO wanted the junior-level employees to deserve their shares too. Adding more sugar to the sweetness, he rewards them all from his own pocket!
Some 10,000 workers including receptionists, line-workers, assistants and other low-level employees received an average bonus of $314 from their CEO. Now that is really cool, considering the amount is nearly as great as the average monthly wage of Chinese workers- which according to sources averagely ranges from $354 -$450.
Be this owing to the hard times young, Yang Yuanqing faced coming upto to the CEO’s post from a salesman’s or be it his tactical investment for better business, or his own way of “moving forward, taking risks and aiming to innovate”- as once remarked by the Liu Chuanzhi, the Founder of Lenovo, this Business Week-named-‘rising star of Asia’ has gained our total respect!
Source: Venture Beat