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CEO gives part of his bonus to employees

July 19, 2012 -- Updated 0816 GMT (1616 HKT)
Yang Yuanqing, the CEO of China's biggest PC maker gave a portion of his bonus to employees.
Yang Yuanqing, the CEO of China's biggest PC maker gave a portion of his bonus to employees.
STORY HIGHLIGHTS
  • Lenovo CEO gave $3 million of his bonus to employees
  • About 10,000 junior level workers received about $314 each
  • Lenovo had a "record-setting year" in fiscal year 2011/2012

(Hong Kong) (CNN) -- In the age of fat payouts and lucrative perks for company executives, the CEO of Lenovo is getting attention for how he used his bonus.

Yang Yuanqing distributed $3 million from his bonus among 10,000 junior-level employees, the China-based technology company confirmed Thursday. The employees, such as receptionists, production-line workers and assistants, each received an average bonus of 2,000 yuan, which is $314, in the name of their CEO.

Yang had received the additional $3 million boost in his bonus after the company had its best fiscal year ending in March.

The $30 billion personal technology company saw a 73% bump in net profit from the previous year, which Yang had described as a "record-setting year for Lenovo," according to a press release.

Yang had earned $5.2 million in bonuses for the fiscal year ending in March. His total earnings, including salary, incentives and other benefits, amounted to $14 million, according to the company's annual report.

From CNN's CY Xu and Madison Park.

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