that Yang Yuanqing
, chief executive at Chinese electronics firm Lenovo
, distributed $3 million of his $5.2 million bonus for the fiscal year ending in March to around 10,000 junior-level company employees. Each worker received an average of about $314.
Yang's generous move comes as Lenovo, which bought
IBM's personal computer division in 2005 for $1.75 billion, is enjoying a sharp increase in profits. The $30 billion company saw a 73% rise in net profits from the previous year.
"The 2011-2012 fiscal year was a record-setting year for Lenovo," Yang wrote
in a May press release. "We set an all-time high for revenue, shipment, market share and pre-tax income."
All told, Yang earned a total of $14 million in salary, bonuses and benefits last year.
Lenovo is the world's second-largest personal computer vendor by market share, after Hewlett-Packard. Its products include ThinkPad
notebook computers and ThinkCentre