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.
I’d be interested in finding out what kind of percentage that is of their normal monthly income. Probably not insignificant.
Hm. If you compare the $314 to the average, low income factory worker in the US, that’s half a month’s pay as a bonus. Isn’t it?
So as long as the people producing Lenovo Laptops in China aren’t paid more than US workers, that’s not an insignificant amount.