Business

CEO gives his $3m bonus to workers

Lenovo's Yamato Lab and CEO Yang Yuanqing
Lenovo's Yamato Lab and CEO Yang Yuanqing lenovo.com

The CEO of Lenovo Yang Yuanqing has done something unusual among his CEO counterparts.

Yuanqing distributed his $3 million bonus among the company's 10,000 lower level workers.

ZDNet reports that, "the 'Yuanqing rewards' averaged out at 2,000 yuan, or $314, which is slightly less than a month's salary for many workers in China's technology manufacturing plants."

We think that this is an amazing gesture and gives us hope that there are still good CEOs out there who are doing their job for the benefit of the company not for their own personal gain.

Read more at Business Insider.

Topics:  ceo



I'm a Celebrity grants under way

DECISIONS: The set of I'm a Celebrity, Get Me Out of Here, filmed on the Tweed.

Hit show gives back to community

Four things to do this weekend

Rotary duck race participants
Photo: John Gass / Tweed Daily News

Kites, racing ducks and dancing party on offer this weekend

Flooding's 'not an issue' for Cudgen development

Photo of the flooding at Cudgen new development

Landowner not worried about water.

Local Partners