Leave it to the Chinese CEO to have a heart.

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**LordofHats**

Bonuses make up a huge part of executive pay in the United States, and though Chinese incentive structures are different, the same is true there. The CEO of Lenovo (LNGVY), a major Chinese computer parts maker, has found a pretty darn nice way to spend his.

Yang Yuanqing took in a $3 million bonus after the company reported a massive 73% jump in profits in the first three months of the year, ending Lenovo's best fiscal year to date.

The company thanked Yang for his performance with an extra $3 million, and he gave it all away to 10,000 lower-ranked employees in Lenovo's offices, call centers, and factories. Each worker received 2000 renminbi,or $314.

This is about the equivalent of a month's salary for many Lenovo workers.

Before you call Yang a selfless working-class hero, keep in mind that the $3 million is only part of the $14 million that he has been awarded in various ways including salary, stock, and other benefits for his work at the company.

Certainly, the employees of other tech companies are hoping that their CEOs follow suit.

According to a study by the Economic Policy Institute, CEO compensation has outpaced the average worker's pay by astonishing margins over the past few decades. CEO compensation grew by a shocking 725% between 1978 and 2011, far outpacing the growth of the stock market. The average worker's pay has only risen by 5.7% in the same period.

Lenovo's rise in the market for PCs has been quite prodigious in the past few years. It blew past Dell (DELL) and it's rapidly closing the gap between itself and Hewlett-Packard (HPQ) in the global market for PCs running Microsoft (MSFT) Windows, according to this chart by IDC. In the global computer market, Apple (AAPL) doesn't make it into the top five, but it is third in US computer sales.

But of course he's Chinese and that makes him a commie!

**Aerethan**

I defy any US ceo to do that. Greedy bastards.

The entire idea of a CEO being paid a bonus for running the company in a manner expected of his job is ludicrous. His ENTIRE job is to make the company more profitable. Why should he be rewarded beyond his already high pay for doing his job?

Profit sharing I get, as that usually applies to the entire workforce of a company(my friend who works at a steel mill just got like 8k in profit sharing, which was the same amount given to every employee there).

Blah.

**Goliath**

I like how the article says that he gave away $3million to the lower paid workers, but makes sure to stress that it isn't actually a particularly nice gesture because he could have given them more.

**SilverMK2**

Goliath wrote:I like how the article says that he gave away $3million to the lower paid workers, but makes sure to stress that it isn't actually a particularly nice gesture because he could have given them more.

I think that it is more pointing out that whilst a fantastic gesture, CEO's/other highly placed workers still get ridiculous pay when compared to... well... everyone else, not making a comment that "he could have done more" by giving away the rest of what he "earns" as CEO.

**Aerethan**

Well look at it this way. He was hired at an agreed upon salary. He felt that salary was fair, as did the company. The company then decided to pay him a bonus, which apparently he felt was better earned by the people who made his job possible.

At the end of the day a CEO's success is directly related to the success of the workers at the bottom rung. If they don't perform, he has to answer for it. If they perform well, it makes sense that they should be given any bonuses that are spent. The CEO is expected to make the company work. The workers themselves are the ones who need incentives to perform better.

Management at the upper levels is a breeze compared to the labor of the lower level workers. CEO's aren't worried about if their water might get shut off that week because their kid needed braces. If a CEO loses his job, odds are he has more than enough money to float him along for a while before needing more income. How many factory workers do you know that can afford to lose their job? Not very many.

I'm not saying necessarily to pay CEO's less, but their work needs to be compared to those who actually make the company function on a daily basis.

There are very few low end jobs that offer any incentive to excel.
It's like Peter Gibbons said " I do just enough work to not get fired". That is what most non commission jobs are like.
Honestly, at my last job I'd have worked slower if I didn't find the job so easy, but that is because typing 10-key is second nature to me. Others there were doing half the work I was and getting paid the same. There was no reason for me to do that job fast. The company only did raises once a year, and they were 2% raises, which at $8 an hour is negligible.

**Testify**

It's easy to give workers a month's pay in bonus when they earn feth all.

**Squigsquasher**

Hats off to this guy.

**juraigamer**

It's not like you see any of the other corrupt bastards doing it, so good job china CEO man.

**Mannahnin**

Aerethan wrote:Well look at it this way. He was hired at an agreed upon salary. He felt that salary was fair, as did the company. The company then decided to pay him a bonus, which apparently he felt was better earned by the people who made his job possible.

In those kind of jobs the bonus structure is generally part of the contract, included in your compensation package. If the company meets certain performance goals, the bonuses kick in; they are rarely a surprise extra.