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Lenovo CEO Yang Yuanqing |
(Scroll down for video) Not all CEOs take the money for themselves.
A popular Chinese CEO celebrated his bonus by sharing it with his employees.
For the second consecutive year, Lenovo CEO Yang Yuanqing, will give away at least $3 million of his bonus to about 10,000 workers in his company.
Employees in 20 countries will share the wealth of Yuanqing with 85 percent in China.
The average payout per employee of $325 is almost equivalent to a month's pay for an employee in China.
A company spokesperson said that most workers receiving the bonus are hourly employees, who are not eligible for other bonus programs.
Yuanqing's generosity may be partly inspired by the record sales of the company this year. In the second quarter, Lenovo topped Hewlett-Packard as the world's number one supplier of personal computers.
Luckily, Yuanqing is not alone in sharing the success of his company with all employees. Lord Wolfson, chief executive of U.K. retailer Next, gave his entire annual bonus of $3.6 million to employees in April. Similarly, last year, technology CEO Markus "Notch" Persson decided to give an extra $3 million to his employees.