Lenovo's former CEO receives huge subsidy for 7.2 million dollars a salary

NetEase Science and technology news June 26, Lenovo Group in Hong Kong in Wednesday to recruit a general meeting, according to the General Assembly, the company's former CEO Amelio will be a huge subsidy, the amount is 54% than the previous year. Charles Guo, JP Morgan analyst, previously gave Lenovo a Charles Guo rating in the report, saying executive subsidies should be tied to corporate performance.

Amelio 08 Salary Increase 54% than 07

Amelio, who succeeded in February last year, received 17.6 million dollars in compensation in March, including $3.25 million trillion in subsidies. The reason for the subsidy is "compensation for loss of position of the Director (Loss of office as director)". Lenovo said in its annual report that a year ago, Amelio's total salary was 11.4 million dollars, so the 2008 fiscal year compared with 2007 fiscal year, although Lenovo losses widened, but amelio income increased by 6.2 million U.S. dollars, growth of 54%.

In 2005, Amelio left Dell as Lenovo's CEO, not only not to improve Lenovo's share of the market, but the gap between the big and HP. During this time, the macro