Lenovo CEO Gets $3 Million Performance Bonus, Gives It Away To Employees

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praack

amazing what 10 years does to us

we forget that the man heads up sweatshops - 14 hour days 6 days a week in china. something we used to boycott and close down before- now we celebrate

is there no one upset on how much he makes on a regular basis that he gets a bonus this large? that the employees have to live at this level?

and don't say- well they all make the same- most are barely making it- travel home once a year,

try working 14 hours a day 6 days a week for 51 weeks- Yang does;nt

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Meat_Juice

Union/revolution.

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Baker10

So just so I'm clear...
- If he didn't donate the 3 Million - he'd be greedy
- Because he did donate the 3 Million - It's all a show to better his name/company... so still greedy.

Tough crowd.

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vrmlbasic

and Greed is Good.

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Meat_Juice

The one percent could take a page from this guy's rule book. Two thumbs up.

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szore

Really?

He could have used the money to start a business and provide jobs, instead he flushed it down the toilet.

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tekknyne

Hah nice one dooosh

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vrmlbasic

The money he gave away does still filter back into the economy, but I agree that if the CEO had been trying to be truly altruistic he could have kept the money together and done something greater with it.

Which is why I still think that he gave away the money to bolster the reputation of both himself and Lenovo. Good politics. If so, looking at the comments on this thread that largely don't even consider that this guy had a "despicable" ulterior motive in his generosity and wasn't a male Mother Teresa, it seems to have worked brilliantly.

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szore

These chinks are so damned 'honorable' it makes me want to puke...

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DeltaFIVEengineer

Just want to point out that your usage of the idiom "nothing to sneeze at" is incorrectly used in the present context.

Otherwise, it's great to see a leader doing the right thing every once in awhile.

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QuantumCD

I believe Markus Persson did a similar thing when it came to distributing all the money Minecraft has, and is continuing to make. Anyways, it's always a good thing to do something like this, especially when pay is so low in China.

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NcOle

Now if only other big-wigs could follow his example.

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livebriand

Whoops - double post.

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livebriand

Wow - did I read that correctly? For once, a CEO (or other upper management) who's NOT an asshole.

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Happy

All hail generosity! :D

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whathuhitwasntme

Instead of complaining about what the average worker in China makes,
Just take away that maybe, there are a few good places left to work.
TOO BAD they aint in America.
You can bet your candy coated ass, if it was an American CEO that check would have been CASHED not shared.

Good for Lenovo

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USraging

I bow before you Yang Yuanqing. Nice to know someone cares about the worker trying to feed his family.

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joeylazzara

Agreed, that's very nice of him. But giving the CEO over 19 million yuan as a bonus seems quite a lot when the average employee apparently makes a little under 7 thousand yuan for an entire year (assuming they make around the national average, which may be a faulty assumption).

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SPreston2001

Wow!! Thats really nice to see. Much respect.

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John Pombrio

Job competition in China is fierce these days. This will help employee retention making it a stronger company. It also is a very generous gesture and kudos to Mr. Yuanqing.

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Rcapps

well you don't see that everyday. Good on him!

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Neufeldt2002

Respect.

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AntonioGarrison

I agree. Respect.

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Biceps

+1. Respect.

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Sty

I respect your respect for his respect.

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Engelsstaub

With respect for your respect for his respect for his respect, precisely how much respect are we talking about? Surely more respect than +1, with respect to the Google+ way of quantification?

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Happy

I respect people who respect generosity for it's own sake (rather than for improving reputation).

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vrmlbasic

How do we know that this CEO didn't just do this to make himself look good and to improve his (and Lenovo's) reputation. Altruism in its purist form is a myth, but good politics is certainly real.

I'd buy that this guy would sacrifice 3 million USD to make himself look good, I'd buy that he'd do it to make Lenovo look good (even if it didn't make himself look good, which isn't the case), but I see nothing here which indicates that his decision was motivated more out of concern for the corporate plebes than for "good politics". Did I just miss it?

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big_montana

Yes, you missed it. Lenovo already has a good rep, and the CEO did not need to do this to score point or make the company or himself look better. They lead the way in green manufacturing, make quality products, and experience double digit growth every quarter, so no this was not a publicity stunt to score points.

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