Cy Xu and Madison Park for CNN:
In the age of fat payouts and lucrative perks for company executives, the CEO of Lenovo is getting attention for how he used his bonus.
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.
All told, Yang’s payout was about $14 million, so he can afford to be altruistic. But I’ll bet that $314 meant a lot to some of the folks further down the food chain.