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Lenovo CEO Handed His $3 Million Bonus to Employees

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When Regan was first sworn in as president in, the average CEO made 40 time what the average worker at same company made, which is plenty of money considering almost none of them founded their own company. Now, thanks to trickle down economics, blue collar wages have been completely stagnant since then, while the average CEO now makes 500 times the average workers wage at same company.

Anybody who somehow thinks that's fair or good for America ought to have their head examined... When will it end, will it end when they make 5000 times what the average blue collar worker makes? It's a little thing called fascism, boys and girls.
 
We complain about China business practices. But here is a good example of a CEO concerned about image and the people that work for him. Sounds like Apple could take a few lessons about employee appreciation from Lenovo. But then again Apple is too busy socking away money to rule the World.
 
well i suppose he could have just kept it...but on the other hand there are millions of workers who have to constantly bust ass and get barely enough money to pay the bills (sometimes less!). what really pisses me off though are the incompetent and/or lazy ass employees who spend more time thinking up ways to avoid work or scheming money out of the company than they spend working, when they already get paid more than the lower level people who have to bust ass to pick up the slack! that's the problem with the world today; a lot of people don't have pride in their work and are just looking for a way to scam and screw over others just to get a little extra, and they're not even grateful for the fact that they're already getting more than they deserve.
 
[citation][nom]killabanks[/nom]how much did Steve hand out? thats what i thought[/citation]
Steve made $1 a year! So i would say he handed more than that out.
 
[citation][nom]drwho1[/nom]3,000,000 / 2,000 = 1,500he only gave $314 out 1,500 to 2000 people...I'm actually NOT impressed[/citation]
It's 3 million dollars given out to 10,000 employees, that is about $300 each employee. Each were given about 2000 yuan which equals about $314 so I think you are mixing up your numbers.
 
[citation][nom]classzero[/nom]Steve made $1 a year! So i would say he handed more than that out.[/citation]

$1 a year, apart from his dividend payments which ran into the millions...
 
[citation][nom]back_by_demand[/nom]Oh man!!! I haven't laughed this hard in YEARS!!!![/citation]

What you think they just play golf like lawyers and Doctors? I've seen a few glimpses into the lives of a couple F500 CEO's and they work INSANE hours... far more than I'd be willing to do for any amount of money. Sure they make a ton of cash, but for some reason we gripe abou these guys even though most of them make less than dudes catching footballs or pretending to be CEO's in movies. I don't get it.
 
Well.. he handed down more than 20% of his income.. how much more would one need to donate in order to be a good man.. for me this is more than enough.
 
[citation][nom]d_kuhn[/nom]What you think they just play golf like lawyers and Doctors? I've seen a few glimpses into the lives of a couple F500 CEO's and they work INSANE hours... far more than I'd be willing to do for any amount of money. Sure they make a ton of cash, but for some reason we gripe abou these guys even though most of them make less than dudes catching footballs or pretending to be CEO's in movies. I don't get it.[/citation]
The implication in Kevins opening statement is that all CEOs earn their money from hard work, when they clearly don't, and for those that do work hard a lot a riding high on the back of massive redundancy programs, still more are criminally abusing the market and only a very few are clean and hard working
...
Even then, working 24 hours a day still does not qualify any human being earning over $50 million a year, no matter how successful the company is or how much profit they make, the man at the top should not take credit for the hard work of thousand of lower paid plebs
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Defering the bonus is not enough, the salary should be capped too and a fixed ratio versus the lowest paid person in the company, 25x has been touted as a good figure
http://en.wikipedia.org/wiki/Executive_pay_in_the_United_States
...
Unless of course people think that Ken Lay from Enron deserves his pay
 
[citation][nom]back_by_demand[/nom]Even then, working 24 hours a day still does not qualify any human being earning over $50 million a year, no matter how successful the company is or how much profit they make, the man at the top should not take credit for the hard work of thousand of lower paid plebs...[/citation]

Exactly: no one, and I repeat, no one, works hard enough to earn $50 million, it's just physically impossible.
 
He didn't need to give away any of that. The fact that he did though should be enough to get people's respect, cause at the end of the day that still cost him 3 million dollars.
 
[citation][nom]crateria[/nom]Also back_by_demand and Gulli if you marxists are in the US please gtfo and practice your socialism elsewhere.[/citation]

I hope, for your butt's sake that the rich have small dicks...

Enjoy your serfdom.
 
Some CEOs work very hard for their money, but that doesn't change the fact that 9 times out of 10 it's still far too much. For every hardworking CEO there are thousands, if not millions, of hard working people for those companies who make next to nothing because their wages haven't even kept up with inflation over the last few years. If you think the lowest paid work any less hard then the highest paid, you're an idiot who's never worked an honest day in their life.

CEOs are important and deserve to make more because of increased responsibility and (usually) education, but what people tend to forget is that CEOs wouldn't exist if not for the hard working people who ACTUALLY build and make a company great. Lenovo wouldn't be anything at all if it wasn't for all the talented engineers, designers, programmers, assembly line workers, admin staff, etc, etc, etc. Why should one guy at the top get all the credit, compensation and recognition when he probably doesn't even know how to take apart any of the products his company builds?

Let's be realistic here people. CEOs get the money they get because of sheer greed, nothing more.

Having said that, good on this guy for giving something back.
 
[citation][nom]crateria[/nom]He didn't need to give away any of that. The fact that he did though should be enough to get people's respect, cause at the end of the day that still cost him 3 million dollars.[/citation]

The whole point is that it wasn't his money to begin with because he did not earn it. His ass simply isn't worth 30 medical specialists, or 25 world leaders, or 50 generals, or 80 top scientists, or 200 workers.
 
Geezz, enough with the bullshit of him earning the money or not. Fact is, he worked to keep a company and all its at least 10.000 workers from going down, and leaving a huge dent in the economy. Should any of you think this is an easy task, put up some boost into your brain cells. And a CEO is not a physical worker, he is the thinker, a planner, a strategist, and also the one who carries out and supervise all the company policies. So yes, what seemed to be physically impossible, he makes it up with his brain, as he should, putting brain over brawl.
 
[citation][nom]Black Rock[/nom]Geezz, enough with the bullshit of him earning the money or not. Fact is, he worked to keep a company and all its at least 10.000 workers from going down, and leaving a huge dent in the economy. Should any of you think this is an easy task, put up some boost into your brain cells. And a CEO is not a physical worker, he is the thinker, a planner, a strategist, and also the one who carries out and supervise all the company policies. So yes, what seemed to be physically impossible, he makes it up with his brain, as he should, putting brain over brawl.[/citation]

So I take it all the engineers at Lenovo also received a $3 million bonus?
 
[citation][nom]memadmax[/nom]Instead of complaining, why don't YOU go out and start a multi-million dollar company....I thought so...[/citation]

Dumb ass.
 
[citation][nom]crateria[/nom]Also back_by_demand and Gulli if you marxists are in the US please gtfo and practice your socialism elsewhere.[/citation]
So you think that it is Socialism to believe that a CEO needs to deserve his outrageous pay? Simply the title alone automatically grants the right? You are an idiot.
 
[citation][nom]Black Rock[/nom]And a CEO is not a physical worker, he is the thinker, a planner, a strategist, and also the one who carries out and supervise all the company policies. So yes, what seemed to be physically impossible, he makes it up with his brain, as he should, putting brain over brawl.[/citation]
How many CEOs have used their thinking, planning and stategy to guide companies to billions in losses, thousands out of work, massive criminal wrongdoings - but still take millions in bonuses - even if they are made to resign by the board in disgrace walk away with a golden parachute in the tens of millions range
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5 top executives at Enron walked away with $500 million between them, tell me I am a Socialist for thinking that is just plain wrong
 
What you think they just play golf like lawyers and Doctors?
Click to expand...

Have you ever met a Doctor? Because they don't just play golf. My Dad's a Doc. He used to work 90-100 hour work weeks. Being on call every third day. (That means your not sleeping just incase you don't know). Most of the time, he would be gone before I woke up, and still at the hospital when I went to bed. That's not just playing golf all day.
 
Was it a nice gesture? Sure. But regardless of what you think the reason was, whether your think he earned that bonus or not, should he have given more or not, the reality is that it amounts to scooping sand off the beach with a spoon. It might amount to a good bit for those people, but it is a long way from making any sort of difference in anything in the long run.
 
[citation][nom]back_by_demand[/nom]5 top executives at Enron walked away with $500 million between them, tell me I am a Socialist for thinking that is just plain wrong[/citation]

Yeah, if being against that means being a socialist then I'm a proud socialist.
 
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