Lenovo CEO Yang points 20 million bonuses to employees

On September 2, Lenovo said the company's CEO, Yang, had decided to split the bonus to employees for the second consecutive year as the company's products shipped and revenues broke records.

Chowan, a senior vice president of Lenovo Human Resources, said in a memo to employees that 10,000 employees would receive bonuses this month. Lenovo spokesman confirmed the information in the memo, saying the total bonus was about 3.25 million dollars.

The year ended March 31, Lenovo revenue of 34 billion U.S. dollars, PC shipments 52.4 million units, mobile devices (smartphones, tablets) sales outstanding.

Yang, aged 48, had a bonus of about 3 million dollars last year. In June, Lenovo overtook Hewlett-Packard as the largest PC maker.

"The money paid is provided by the individual," Chowan said in a memo. As a corporate owner, as a leader, Yang believes it is his responsibility to ensure that all employees understand the impact of building Lenovo. ”

Bonuses will be given to employees in Lenovo's 20 countries, 85% of whom are in China. The average can be divided into 325 dollars per person.

Last year, Yang's annual salary of 14.6 million U.S. dollars, including 4.23 million dollars in bonuses, long-term incentive funds 8.94 million dollars. Yang holds 744 million shares of Lenovo, accounting for 7.1% of the shares in circulation.