CEO divides his $3 million dollar bonus and gives it back to his employees

[retroman80s]

In North America, companies cut employees in order to give their CEOs fat bonuses

[iEyeCaptain]

Too bad 3 million split up for 10,000 employees works out to only $300 per employee.

Wow .... Why is this news ? It's only $300

Check out these two billionaires here.

$300 is one months salary in China.

[appleb]

Geez, of course I know $300 is a lot for a chinese wages and of course the CEO is being generous. I was going to add that in my post but didn't think it was necessary to elaborate every tiny little detail to justify my post.

Anyway, I'm just saying it's too bad a 3 million payout divided out 10,000 ways ends up being $300.

[Jimboski]

Geez, of course I know $300 is a lot for a chinese wages and of course the CEO is being generous. I was going to add that in my post but didn't think it was necessary to elaborate every tiny little detail to justify my post.

Anyway, I'm just saying it's too bad a 3 million payout divided out 10,000 ways end up being $300.

Still, 10,000 are still happy about It regardless!

[Buggy166]

300 bucks in china, id gander to say for a low factory worker is 3-6 months worth of pay.

[Aznsilvrboy]

300 bucks in china, id gander to say for a low factory worker is 3-6 months worth of pay.

It's about one month. They're paid more or less along the lines of minimum wage which is different by province but usually between 1500RMB to 1800RMB which is about $300/month.

[Rainne]

Even $300 is nothing to sneeze at, even here, and would be a nice morale boost.

[thrifthunter]

Wow .... Why is this news ? It's only $300

$300 each, for a total of $3 million dollars moron!

So what, you'd give him more credit if he gave all the money to one individual?
Either way, he gave it all away.

[r1lee]

only $300? lol, what don't you look at the opposite end of this also. Why don't any of you shell out $3m.

[LaserEnvy]

Some people are really short sighted. The CEO did something very generous here. It works out to a lot of money for people in China. On top of that, he set a good example for other leaders.

I remember Notch did something similar, and the president if Nintendo cut his salary when the company didn't do so well.

[Junigenmukyoku]

Good man!

[divx]

+2!
For people who are saying It's less It's the thought that counts, Also something Is better then nothing!
$300 In China I would think Is a lot..

it's an average worker's monthly salary in a middle sized city.

[olssy]

Good thing he still has 14000000$US left for 2012. Makes me wonder how many months a factory worker would need to work to make 14 million...

14 000 000/300 = 46 666 months, makes me wonder how many years that is... 46 666/12 = 3 888 years

Let's see how much he makes a day: 14 000 000/ 365 = 38 356$ a day

I guess he works all year long seeing how he is the chief executive, lets see how much he make an hour if we consider he is working 24 hours a day: 38 356/24 = 1 598$ an hour

A fifth of that is about 300$ so it seems he makes a months salary of a low level worker in about 12 minutes and he does that 24/7 365 days a year.

Still it was generous of him to give the 3 million but I have a feeling that the worldwide positive publicity it has earned him and Lenovo is worth much more than 3 million dollars. Hopefully other corporations will see this as good publicity and follow suit.

[LaserEnvy]

^
i don't think our greedy ***** CEO's would give up millions of dollars for a bit of publicity.

[d182]

^
i don't think our greedy ***** CEO's would give up millions of dollars for a bit of publicity.

Damn right. Sucks cuz I sure could use a bonus :p