Not all CEO’s are bad. Want proof? Yang Yuanqing, CEO of a technology company in China chose to take his $3 million bonus and distribute it to the 10,000 junior-level employees. Per a CNN report:
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.
Yang had received the additional $3 million boost in his bonus after the company had its best fiscal year ending in March.
The $30 billion personal technology company saw a 73% bump in net profit from the previous year, which Yang had described as a “record-setting year for Lenovo,” according to a press release.
Yang had earned $5.2 million in bonuses for the fiscal year ending in March. His total earnings, including salary, incentives and other benefits, amounted to $14 million, according to the company’s annual report.
I hope we can one day see this kind of loyalty to the underlings that make it possible for corporations to thrive. I wonder what Romney would think about this.
Seed Newsvine
There still exists a few bosses that realize their success relies on a productive and loyal workforce. They just seem to be fewer and further apart.
If we have more CEOs making news like he has, I would hope it would have a domino effect and other CEOs would start doing similar things…one can hope 🙂