Yang Yuanqing with 130 million list Forbes

Recently, Forbes released the 2014 salary list of CEOs of Chinese listed companies. According to the data, Yang Yuanqing of Lenovo Group and Cai Yanming of China Want to rank No. 1 and No. 2 respectively with a total salary of 130.22 million yuan and 104.85 million yuan, and at the same time this year's "100 million yuan Million CEO. "

Due to the different positions of the listed companies, Forbes CEO, president, general manager, bank president are collectively referred to as CEO.

According to the "Daily Economic News" reporter statistics, since Forbes in 2010 the domestic Hong Kong stocks (Mainland listed in Hong Kong non-state-owned enterprises, and the main assets from the Mainland, the control of the Mainland citizens, and / or the main business income from the Mainland Hong Kong listed companies) included in the statistics, 4 years, Yang won the first 3 wins, 1 second. Compared with the 2013 list, Yang remuneration increased by 40.63 million yuan, an increase of about 45%. Why Yang Yuanqing pay so high? How does its salary form?

Super Hewlett-Packard, Microsoft CEO Pay

July 7, Forbes released the list of CEO salaries of Chinese listed companies in 2014. CIMC CEO Mai Boliang topped A-share salary list with a compensation of RMB 8.7 million. Lenovo CEO Yang Yuanqing topped domestic-funded Hong Kong shares with a reward of RMB 130 million CEO top. This list examines the range of A-share and domestic-funded listed companies in Hong Kong, the company received more than one million yuan salary CEO.

Among the A-share listed companies, the number of CEOs who earned more than $ 1 million in fiscal year 2013 reached 363, with a total compensation of as much as 690 million yuan and a per-capita salary of 1.89 million yuan, an increase from 2012.

As the economic slowdown in the past two years affected the company's performance and share price, the average salary of A-share CEOs was "in place" and the number of CEOs with pay-as-you-go million dollars in domestic-funded Hong Kong-listed companies also declined. In FY13, the number of Hong Kong-invested CEOs in the fiscal year dropped to 227 and the CEO's salary as a whole reached as high as 1.245 billion yuan, a slight increase from the 1.197 billion yuan of the previous year with an average salary of 5.49 million yuan .

It is noteworthy that Forbes this year also statistics worldwide CEOs with assets of more than 1 billion US dollars, the salary obtained in the past year

(Including base pay, cash awards, stock option rewards and other benefits), of which only Oracle CEO Larry Ellison and 21st Century Fox CEO Rupert Murdoch paid more than $ 78.4 million and $ 26.1 million Yang Yuanqing, and HP CEO Whitman (17.6 million US dollars), Microsoft CEO Ballmer (1.3 million), Berkshire Hathaway CEO Buffett (500,000 US dollars) last year to get lower pay than Yang Yuanqing.

Equity incentive accounted for the bulk

Daily Economic News reporter from Lenovo Group's 2013 fiscal year report found that Lenovo Group paid directors and senior management total compensation of $ 22,402,300, Yang Renqing accounted for 88.9%, while the $ 24,023,000 salary, equity incentives for the 1442.1 Million dollars, accounting for 60.02%.

Lenovo Group earnings report, Yang Yuanqing's remuneration from the three components: basic salary, performance salary and equity incentive, of which 6% basic salary, performance pay 34%, equity incentive 60%. Specifically, Yang Yuqing's basic salary is 1.283 million U.S. dollars, representing 7.1159 million U.S. dollars in bonuses, 12.647 million U.S. dollars in long-term equity awards, US $ 128,000 in pensions and 141.1 million U.S. dollars in other benefits, totaling 21.359 million U.S. dollars.

The earnings report shows that in order to ensure that CEO compensation packages are market competitive, Lenovo continually increases its pay based on performance. In FY13, the CEO's basic salary increased 5% while the senior management's basic salary increased 3% to 15%.

Among the directors and senior management of Lenovo Group, including 11 executive, non-executive and independent non-executive directors, 10 out of 11 remuneration out of the total remuneration is far greater than other income and become the most important source of income.

From the fiscal year 2008/2009, Yang Yuanqing has obtained 14 long-term equity incentive successively, including 6 times of gaining share appreciation rights and 8 times obtaining restricted shares. In the fiscal year 2012/2013, Yang won 1.7 million, 5.7 million, 2.16 million and 3.22 million restricted shares at HK $ 6.75, HK $ 8.22, HK $ 7.82 and HK $ 7.82 respectively. Other senior executives, including Zhu Linao, Zhao Linghuan, Ding Lisheng, Tian Shuning and Nicholas C. Allen, obtained 9.84 thousand restricted shares and certain equity appreciation rights at HK $ 7.88 each. The other two executives also received unequal equity incentives.

Lenovo recent frequent equity incentive and performance are closely related to its earnings report also said that due to performance growth, raise bonuses and long-term equity incentives. Last fiscal year, Lenovo became the global PC market champion, the fifth consecutive year of market share record high revenue of 38.07 billion U.S. dollars, up 14%, gross profit rose 14% to 5.064 billion U.S. dollars.