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    Lenovo CEO spreads the wealth

    Discussion in 'Lenovo' started by takeabyte, Jul 20, 2012.

  1. takeabyte

    takeabyte Notebook Evangelist

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    takeabyte, Jul 20, 2012
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  2. AboutThreeFitty

    AboutThreeFitty ~350

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    A respectful and thoughtful gesture. I just saw that Lenovo could be the #1 PC maker by the end of the year. It's nice to see that the CEO is not greedy and actually cares about his employees.
     
    AboutThreeFitty, Jul 20, 2012
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  3. hmmwv

    hmmwv Notebook Consultant

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    It's definitely a good gesture, a $300 reward is not that much, but will help with productivity and employee loyalty.
     
    hmmwv, Jul 20, 2012
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  4. miliranga

    miliranga Notebook Consultant

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    There is hope!
    All the more happy that out of the 4 laptops I've bought over the past 2 years, 3 have been thinkpads :)

    According to CNN (the main source of the story) the CEO's total bonus was 5.2 Million out of which he gave 3 million away. Nevertheless, as About350 said, a very respectful and thoughful gesture. More power to him and Lenovo!!!
     
    miliranga, Jul 20, 2012
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  5. hanryy

    hanryy Notebook Enthusiast

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    What I got from reading about the story was that the 5.2 million was his bonuses for the year. The 3 million that he gave away was all of his latest bonus. But I read it on my phone while on the bus, so I may have misread. Either way it is still very respectful and the fact that he gave it to low level employees says a lot to me. These higher ups mustn't forget who actually makes the laptops.
     
    hanryy, Jul 20, 2012
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  6. XX55XX

    XX55XX Notebook Evangelist

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    How very thoughtful of him. I hope other chief executives do the same thing in the future.

    Sent from my Nexus 7 using Tapatalk 2
     
    XX55XX, Jul 20, 2012
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  7. baii

    baii Sone

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    Imo, it is hard to tell if it is a business decision(a show) or the CEO is really a "nice and thoughtful guy".

    Consider plain bonus for employees versus bonus due to your CEO giving out part of his bonus.

    Edit:
    Nonetheless, it is a good move (no matter which way you look at it) (check CNN comment). Some good move to learn :)
     
    baii, Jul 20, 2012
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  8. pepper_john

    pepper_john Notebook Deity

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    you can debate his motivation, but the gesture is still nice.
     
    pepper_john, Jul 20, 2012
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  9. Thors.Hammer

    Thors.Hammer Notebook Enthusiast

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    I read an article recently about the shadow accounts of executives in China and their total comp package. Don't believe everything you read.
     
    Thors.Hammer, Jul 20, 2012
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  10. hmmwv

    hmmwv Notebook Consultant

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    The same can be said about American executives, I haven't heard any giving out their bounces to employees. Yang has been with Lenovo since the 1980s and is credited to Lenovo's success in recent years. I think this gesture deserves all the attention and praises it has received.
     
    hmmwv, Jul 20, 2012
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  11. Thors.Hammer

    Thors.Hammer Notebook Enthusiast

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    I didn't say anyone else is off the hook, but I did read an article specifically about Chinese execs. I also didn't say this was a public relations stunt, but the timing is interesting.

    Here are some articles. Decide for yourself who to believe.

    http://business.time.com/2012/05/21/does-china-have-an-executive-compensation-problem/
    https://www.google.com/search?q=chinese+executives+hidden+compensation
     
    Thors.Hammer, Jul 20, 2012
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  12. Andrew Baxter

    Andrew Baxter -

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    $300 is a lot by Chinese worker wages, so that will certainly be meaningful to those that received this there. Paying employees more can often be good business, they become more loyal and if they have more money they may just buy more of the products they're making. That was part of the genius of Henry Ford who decided to pay line workers more than he needed to so they were happier and could eventually to buy a Model T. Kudos to the Lenovo CEO.
     
    Andrew Baxter, Jul 20, 2012
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  13. Quanger

    Quanger Notebook Evangelist

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    $300 is not much but definitely is welcomed. Kudos to the CEO for caring about the people that builds the empire.

    My next notebook in 1-2years might no be a lenovo but it's too soon to tell. I am quite happy with my old T500.
     
    Quanger, Jul 20, 2012
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  14. hotsauce

    hotsauce Notebook Evangelist

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    It's a public relations show for sure, but nice that he actually did this.
     
    hotsauce, Jul 20, 2012
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  15. jcvjcvjcvjcv

    jcvjcvjcvjcv Notebook Evangelist

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    The balance of his salary was funded by deleting five keys from the keyboards of newer thinkpads.
     
    jcvjcvjcvjcv, Jul 20, 2012
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  16. JohnsonDelBrat

    JohnsonDelBrat Notebook Evangelist

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    Chances are this wasn't done out of the goodness of his heart, but it is nice anyways. Whether business, pub rel, tax, or otherwise, the decision benefited the employees and that's what counts.
     
    JohnsonDelBrat, Jul 21, 2012
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  17. del_psi

    del_psi Notebook Consultant

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    And by cutting corners on the X230t.
     
    del_psi, Jul 21, 2012
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  18. esotericdesignstudio

    esotericdesignstudio Notebook Enthusiast NBR Reviewer

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    Honestly, shadow accounts and hiding money are a part of corporate culture today. The CEO could have done it with the $3 million, but he didn't. Everything in business is calculated to some degree, but even if it was a business show, it still costed him hat money, for which he is to be praised. You don't just do that if you don't have some appreciation for the people working under you.
     
    esotericdesignstudio, Jul 21, 2012
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  19. miliranga

    miliranga Notebook Consultant

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    HAHAHA!!! Good one :D
     
    miliranga, Jul 21, 2012
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  20. del_psi

    del_psi Notebook Consultant

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    That might actually be true.

    Downgrading the famous IBM keyboard to something that a Mac laptop uses.
     
    del_psi, Jul 21, 2012
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  21. ThinkRob

    ThinkRob Notebook Deity

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    The "famous IBM keyboard" that has undergone at least a half-dozen revisions since inception, most of which by IBM?

    And Apple uses flat-topped, low-travel keyboards. The ThinkPad keyboard has a deeper throw and rounded keycaps.

    Back on topic: yeah, it's probably a P.R. move, but so what? It's still a nice gesture, and the end result (more money for workers, less for the CEO) is something that I have a tough time criticizing... :D
     
    ThinkRob, Jul 21, 2012
    #21