Lenovo CEO gives his $3 million bonus to thousands of lower-level employees

Yang-Yuanqing

Detailed on CNN earlier this week, Lenovo CEO Yang Yuanqing decided to distribute the majority of his yearly bonus to approximately 10,000 junior employees within the PC manufacturing company. This included a variety of positions such as receptionists and cell center assistants as well as production-line employees on the floors of the factories were Lenovo laptops and desktop computers are built. Each worker will receive a bonus of about 2,000 yuan which is $314. While that amount may seem small to an American factory worker, the average salary for a production line working at Foxconn is about 1,500 to 2,200 yuan. This means production-line employees at Lenovo got a one month bonus direct from the head of the entire company.

lenovo_china_manufacturingLenovo employees were informed of this bonus at the end of last month through an email. Called the “Yuanqing special reward,” the company’s CEO noted the strength of the production line workers in regards to his reasoning to give the money away. The $3 million funding the bonuses was originally given to Yuanqing for meeting company goals in regards to the performance of Lenovo.

During May 2012, Lenovo management reported sales of nearly $30 billion which was approximately 37 percent higher than the previous year. This pushes Lenovo into the number two spot of PC manufacturer around the world and may outpace HP by the end of the next fiscal year. Yuanqing could easily afford to distribute the $3 million to his employees as he earned about $14 million according to the company’s annual report.

In addition to exorbitant yearly salaries, CEO’s typically have these types of yearly performance bonuses if the company meets specific goals at the end of each fiscal year. For instance, HP CEO Meg Whitman will make approximately $6 million if certain expectations are met and Yahoo’s new boss Marissa Mayer can potentially make an extra $2 million each year according to her contract.

Computing

Microsoft could split up search and Cortana in the next Windows 10 release

In the latest Insider preview build, Microsoft is exploring ways to split up Cortana and search on Windows 10. If Microsoft moves ahead with this change, we could see separate search and Cortana options in the Spring 2019 Update.
Gaming

How do Nintendo Switch, Xbox One X compare to each other? We find out

The Nintendo Switch is innovative enough to stand apart from traditional consoles, but could it become your primary gaming system? How does the Switch stack up against the Xbox One?
Mobile

Looking for flexible and inexpensive phone service? Check out our favorite MVNOs

Looking to switch from a major carrier to something a little more affordable? Luckily, there are a ton of great MVNO options to choose from. Check out our guide to the best MVNOs, from Boost Mobile to Google Fi.
Gaming

The hottest Nintendo Switch games you can get right now

The Nintendo Switch's lineup started off small, but games have steadily released as the console continues through its second year. Here are the best Nintendo Switch games available now, from Super Mario Odyssey to Fortnite.
Home Theater

The best movies on Netflix in December, from 'Buster Scruggs’ to endangered cats

Save yourself from hours wasted scrolling through Netflix's massive library by checking out our picks for the streamer's best movies available right now, whether you're into explosive action, witty humor, or anything else.
Computing

Mining cryptocurrency for Razer Silver isn’t worth your computing power

Gaming peripheral maker Razer launched a cryptocurrency mining scheme called SoftMiner. You use its software to mine and in return, you get Razer Silver which you can use to buy Razer gear.
Computing

Microsoft’s latest patent paves the way for Andromeda dual-screen mobile device

The latest patent discovery from Microsoft showcases a new hinge design for quickly opening a dual-screen mobile device with a single hand. Could this be additional proof surrounding the rumors of the company's Project Andromeda device?
Computing

Heal your wrist aches and pains with one of these top ergonomic mice

If you have a growing ache in your wrist, it might be worth considering changing up your mouse for something ergonomic. But which is the best ergonomic mouse for you? One of these could be the ticket to the right purchase for you.
Computing

Nvidia’s Jetson AGX Xavier module is designed to give robots better brains

Nvidia's pricey Jetson AGX Xavier might help drive the next generation of smart robots. Nvidia hopes that developers will use its new Xavier module to power AI-driven machines like delivery drones and robots used in manufacturing.
Computing

These Windows 10 keyboard shortcuts will update your OG Windows skills

Windows 10 has many new features, and they come flanked with useful new keyboard shortcuts. Check out some of the new Windows 10 keyboard shortcuts to improve your user experience and save more time!
Computing

Leaked AMD Ryzen 3000 mobile benchmarks look fit for thin, low-power laptops

AMD is poised to give Intel a run for its money in the ultra-low-power processor space for laptops. Leaked benchmarks for the Ryzen 3000 APU series show the AMD processor besting Intel's Core i7 Y series in multicore performance.
Mobile

Apple is spending $1 billion to hire up to 15,000 new employees in Austin

Apple has announced a series of expansions across the U.S. -- including a massive expansion to the company's Austin campus that will see it spending $1 billion to accommodate for up to 15,000 new employees.
Computing

Will Windows 95 be reimagined? Microsoft’s tweet hints at a throwback

The classic Windows operating system may just be getting a reboot of its own. Microsoft tweeted a cryptic message involving the Windows 95 logo and saying that it had a special announcement for its customers today.
Computing

Microsoft Surface Pro 6: Everything you need to know

The Surface Pro 6 is officially here, though it's not as big of a redesign as you might have hoped. With a new coat of black paint and an 8th-gen processor, this is a small update. If you've been eyeing a Surface Pro, you may want to wait…