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




Who is fit to lead the Clarence?

Mayor Richie Williamson

Meet the candiates in Maclean.

Forman's work with Whiddon Group recognised

HONOUR: Karen, Gabriella and Frances Forman in the new wing of The Whiddon Group's Grafton facility, named after Graham Forman for his work and commitment to The Whiddon Group's Grafton aged care home.

Community work was no sacrifice for Graham Forman

World of textiles on display

Jade Dewi plays with Indian silk on ladder of treasured textiles.

Hundreds of pieces being featured

Latest deals and offers

Courtney Stodden gets Reborn Doll

Courtney Stodden is trying to get over her recent miscarriage

Kate McKinnon 'destitute' before SNL

Kate McKinnon says she can't do anything but act

FBI investigating Leslie Jones website hack

The FBI are investigating Leslie Jones' personal website hack

Katy Perry: 'I stay normal with therapy'

Katy Perry says she relies on therapy to help her 'stay normal'

World's highest-paid actor revealed

The highest-paid actors in the world have been revealed

Jessica Alba regrets her tattoos

Jessica Alba regrets getting her tattoos

REVEALED: Pat Rafter's $18m Coast house on the market

Check out the photos of the Coast's most expensive property for sale

The "correction we had to have" in Gladstone's rentals

UPWARD MARCH: The rental vacancy rate in Gladstone has improved for the first time in more than a year, providing a confidence boost in the market.

Vacancy rates improve with signs that things are getting betterF

ISLAND FOR SALE: Cheap Fraser Coast island drops price again

Suna Island in the Great Sandy Strait will be auctioned by Ray White Hervey Bay on Saturday morning.

This is the cheapest island you will find for sale in Australia

How a family home can fit on a 250sq m block

This is what you can build on 250m2.

Here's the floor plan of a home built on 250sq m

Investors eye Gladstone's $4m island with resort approval

UP FOR SALE: Turtle Island is on the market.

CHINESE and Sydney investors flag interest in Gladstone island.

Take a sneak peek at this $19m Whitsunday mansion

Mandalay House features a private helipad.

Mandalay is currently on the market with an asking price of $19m