UPDATED 20:04 EDT / JULY 23 2012

Lenovo’s CEO Leads Path to Success and Worker Rewards

Lenovo has been busy. It’s continuing to grow its share of the global PC market. Lenovo is also attempting to establish a stronger presence in mobile; the company has even engaged Microsoft in hopes of gaining permission to customize mobile operating system for its devices. However, it’s not all about the pursuit of market domination for the folks at Lenovo. It’s also about the people.

Lenovo CEO, Yang Yuanqing, which took the reins of the company in 2009, received an extra $3 million bonus in May. The bonus was a reward for the company’s record 73 percent year-over-year increase in net profits and continued progress toward overtaking Hewlett-Packard (HP) as the leader of the PC market. Yuanqing’s $3 million bonus was in addition to the $14 million Yuanqing had already received for the year in regular salary, benefits and incentives.

Instead of going on an elaborate vacation, buying rare goods or investing the money in some complex mesh of financial instruments, China.org reports the CEO decide to distribute the bonus among Lenovo’s non-management employees like call center workers and assistants. As a result of Yuanqing’s actions 10,000 Lenovo employees received an extra (and unexpected) $314, which is a little less than month’s salary for an average Chinese worker.

Lenovo’s going to have to keep a pool of happy workers. Some analysts are predicting the Lenovo will finally surpass HP. However, it’s extremely narrow profit margin of 1.4 percent may make it difficult for Lenovo to maintain its leadership position. For now, lots of Lenovo workers are smiling and the company is continuing to follow its path to success.


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