Lenovo Group, the biggest personal computer maker, said chief executive officer Yang Yuanqing will share at least $3 million US of his bonus with workers for a second year in a row after posting record sales. About 10,000 workers will get payments this month to recognize their contributions, Gina Qiao, senior vice-president of human resources, said in a memo to some workers. The memo was confirmed by spokesman Jeffrey Shafer, who said the total payment will be about $3.25 million. Lenovo posted revenue of $34 billion and PC shipments of 52.4 million units in the 12 months ended March 31 as the company gained market share and expanded sales of smartphones and tablets. Yang, who gave $3 million from his bonus a year earlier, led the company past Hewlett-Packard Co. in the June quarter. "This is quite rare, especially for a chairman of a Chinese company, to use his personal money as a bonus to reward employees," said Kirk Yang, a managing director at Barclays Plc in Hong Kong who rates the shares as overweight.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment