The chief executive of Lenovo Group Ltd., which recently overtook Hewlett-Packard Co. to become the world’s largest producer of personal computers, is sharing his annual bonus with his staff.
Angela Lee, a spokeswoman in Hong Kong for Lenovo, best known in the U.S. for acquiring IBM Corp.’s ThinkPad laptop brand and the rest of its PC business in 2005, confirmed that Yang Yuanqing, who is also Lenovo’s chairman, will share $3.25 million from his bonus with some 10,000 staff in China and 19 other countries.
Lenovo maintains dual headquarters in Beijing and in North Carolina’s Research Triangle Park, the base of IBM’s old PC operations, and Yang splits his time between the two. The company has some 30,000 staff worldwide, according to its website.
This is a wonderful example of servant leadership.