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Workers switch on for this boss

Tuesday, September 03, 2013

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Yang Yuanqing, Lenovo Group's chief executive, is again being hailed by workers as a shining example for bosses.

That's because for a second straight year he's sharing his bonus - US$$3.25 million (HK$25.2 million) - with workers after record shipments and sales.

Some 10,000 workers at the world's biggest PC maker will collect extra pay this month, human resources executive Gina Qiao tells Bloomberg, with the average bonus about US$325. Workers in 20 countries benefit, though 85 percent of recipients are in China.

Lenovo had revenue of US$34 billion and PC shipments of 52.4 million units in 12 months to March 31 as it expanded sales of mobile devices such as smartphones and tablets.

Yang, 48, who gave US$3 million from his bonus 12 months ago, "believes he has the responsibility as an owner of the company and the opportunity as our leader to ensure all of our employees understand the impact they have on building Lenovo," Qiao adds.

Yang, paid US$14.6 million last year, held 744 million shares, or 7.1 percent of Lenovo, at the end of March.


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