Indiegogo rebrands charity as Generosity(.com)

Posted on 21/10/2015 by Daniel Cooper

Indiegogo will rebrand Indiegogo Life, its service to raise money for good causes, as Generosity.com. Launching later today, the platform will charge no fees, set no deadline and use Indiegogo's backend to run each campaign, much as it has done for...

Lenovo CEO shares $3.25 million of his bonus with employees (again) after record year

Posted on 02/09/2013 by Steve Dent

After helping Lenovo thrive in the wretched PC industry -- while also making it the number one Chinese smartphone maker -- CEO Yang Yuanqing earned a sizeable bonus. And like last year, he's sharing the wealth with front-line employees, giving $3.25 million of his $14.6 million salary to 10,000 workers in 20 countries. Lenovo grabbed a record $34 billion during its last fiscal year, along with an all-time high $653 million in profit. While the sum he shared may be small compared to that, it's almost a month's pay for the 85 percent who work in China. And we can't say we've seen too many CEOs stateside willing to part with their personal private jet fuel stash.

Filed under: Cellphones, Desktops, Laptops, Tablets, Lenovo

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Source: Bloomberg

Lenovo CEO spreads the wealth, distributes his $3 million bonus to lower level employees

Posted on 20/07/2012 by Terrence O'Brien

The list of CEOs and other execs in the US that have accepted multi-million dollar bonuses for lording over the crash and burn of a company (or even an entire economy) is staggering. And we can guarantee you that most of that money went towards fancy cars and golden toilet seats. Lenovo's Yang Yuanqing, on the other hand, received a sizable $3 million bonus for actually being good at his job. The additional bonus was a reward for steering the company to record shipments and profits despite a weakening PC market. And what did Mr. Yuanqing do with that money? He gave it back to his employees. That second bonus was broken down into 10,000 discrete chunks and dispersed to line workers, assistants and other lower-level employees. I think that officially makes Yang Yuanqing our new favorite CEO in tech.