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(The Verge)   CEO of Lenovo is an America hating socialist, gives his $3 million performance bonus to his employees   (theverge.com) divider line 264
    More: Hero, Lenovo, Mike Hunt  
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12288 clicks; posted to Main » on 20 Jul 2012 at 4:58 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-20 02:51:55 PM  
Because socialism is bad
 
2012-07-20 02:57:47 PM  
That is f*cking awesome.

Especially when you consider this:

Some 10,000 receptionists, production-line workers, and assistants received an average bonus of around $314 each. A recent Fair Labor Association report found that the average monthly wage in Chinese factories ranged from $354 - $450 (the minimum wage in Shenzhen is $220), so for some of the employees, the bonus may have been close to an entire month's wages.

Good for you Yang Yuanqing.
 
2012-07-20 03:24:13 PM  
This guy is setting a bad precedent for other corporations.
 
2012-07-20 03:32:06 PM  
GREED IS GOOD. WHY DOES HE HATE AMERICA????
 
2012-07-20 03:50:25 PM  
I know it's pointless, but I'm going to point out that if you do it because you feel like it, it's called running your own business, which no one is against. It's only socialism if the government makes you do it.

Carry on beating the straw man.
 
2012-07-20 05:01:42 PM  
nice work!

possibly lame to admit, but I got chills reading that.

Good on you, Yang Yuanqing
 
2012-07-20 05:03:47 PM  
Somewhere in a corner a republican sits holding himself, rocking slowly back and forth, scared. Hopefully his brave leaders will tell him why he is scared soon.
 
2012-07-20 05:03:50 PM  
We could do with people like him in the US.

No likelihood of that, I'm afraid.
 
2012-07-20 05:04:59 PM  
And CEOs all over the United States soiled themselves in unison.
/good on ya Yang
 
2012-07-20 05:05:17 PM  
People giving away what's theirs is not socialism.

The government forcing you to give away what's yours is socialism.

Difference. Big. Important.

/cool of him
 
2012-07-20 05:06:36 PM  
Brilliant publicity and goodwill generation at a very low cost.

And it benefits their workers.

Well played!
 
2012-07-20 05:06:38 PM  
You know how many Ferraris (and Veyrons) that coulda bought me??
 
2012-07-20 05:06:46 PM  
My corporation gives out performance bonuses, too. I won't take their communist money.
 
2012-07-20 05:07:06 PM  

Tillmaster: We could do with people like him in the US.

No likelihood of that, I'm afraid.


It's happened before. The founders of Kingston Technology sold their company for $1.5 billion and gave $100 million to the employees - some bonuses were up to 2-3x annual salary.

Sadly, that kind of awesome probably died with the tech bubble.
 
2012-07-20 05:07:09 PM  
Since Lenovo is a Chinese company, and it's CEO a Chinese national, I would have to correct subby here: He's an America-hating Communist.

/The More You Know®
 
2012-07-20 05:08:03 PM  
rewind2846

And CEOs all over the United States soiled themselves in unison.

the super jaded part of me thinks that the other CEOs just hear this story and laugh and think "What an idiot." You won't catch me dead doing that. If they don't like what I pay them, they can f*ck off and die. Or find another job. And we all know what the job prospects are like. Ha ha, yes another glass of cognac."

/but, yes, I am jaded.
 
2012-07-20 05:08:10 PM  
the average monthly wage in Chinese factories ranged from $354 - $450 (the minimum wage in Shenzhen is $220), so for some of the employees, the bonus may have been close to an entire month's wages.

While he isn't quite a modern-day Robin Hood - Yang earned around $14 million last year alone, making $3 million pretty insignificant


Heroic
 
2012-07-20 05:08:21 PM  

ArcadianRefugee: People giving away what's theirs is not socialism.

The government forcing you to give away what's yours is socialism.

Difference. Big. Important.

/cool of him


Thanks for saving me the trouble of posting, THIS.
 
2012-07-20 05:09:48 PM  
IBM sold their personal computing business to leveno when their were willing american buyers because of *strategic* considerations.
 
2012-07-20 05:11:19 PM  
Subby fails at understanding what socialism is. What this man did was, in fact, the complete opposite of what socialism is.
 
2012-07-20 05:12:03 PM  

relcec: IBM sold their personal computing business to leveno when their were willing american buyers because of *strategic* considerations.


And by "strategic" we mean XXXXXXXX XXX XXXXXXX XXXXX

Hold on, I have to get the door...
 
2012-07-20 05:12:29 PM  

ArcadianRefugee: People giving away what's theirs is not socialism.

The government forcing you to give away what's yours is socialism.

Difference. Big. Important.

/cool of him


"What's theirs" and "what's yours" are very subjective.
 
2012-07-20 05:12:54 PM  
He's setting a really bad example for the other CEOs.

Doesn't he know he's supposed to stick that money in an offshore account or use it to buy a giant house or yacht or get married and divorced a couple times?
 
2012-07-20 05:13:50 PM  

ArcadianRefugee: People giving away what's theirs is not socialism.

The government forcing you to give away what's yours is socialism.

Difference. Big. Important.

/cool of him


Nope, both could qualify. Voluntary socialism was totally a movement. (Kind of a dumb one though. You do not ask a cannibal to give your arm back.
 
2012-07-20 05:13:53 PM  
Well done.
 
2012-07-20 05:14:05 PM  

cretinbob: Because socialism is bad


No, sharing money with the help is unamerican.
 
2012-07-20 05:14:25 PM  

farkityfarker: ArcadianRefugee: People giving away what's theirs is not socialism.

The government forcing you to give away what's yours is socialism.

Difference. Big. Important.

/cool of him

"What's theirs" and "what's yours" are very subjective.


Nothing is "subjective" when you are in middle school and just discovered Ayn Rand.
 
2012-07-20 05:14:56 PM  
Their shipping absolutely sucks but man, are Lenovo's products solid pieces of affordable tech.

/Cool on the CEO.
 
2012-07-20 05:14:58 PM  

farkityfarker: ArcadianRefugee: People giving away what's theirs is not socialism.

The government forcing you to give away what's yours is socialism.

Difference. Big. Important.

/cool of him

"What's theirs" and "what's yours" are very subjective.


Property Rights: Overrated? Story at 11.
 
2012-07-20 05:15:25 PM  
When Apple went public and made Jobs and the Woz rich, Jobs didn't bother to recognize the importance of the people who helped build the business from scratch. They got nothing. This did not sit well with The Woz, who gave a portion of his own shares to those hard working people.

Jobs was always a farking douche. The Woz is awesome.
 
2012-07-20 05:18:07 PM  

Wangiss: farkityfarker: ArcadianRefugee: People giving away what's theirs is not socialism.

The government forcing you to give away what's yours is socialism.

Difference. Big. Important.

/cool of him

"What's theirs" and "what's yours" are very subjective.

Property Rights: Overrated? Story at 11.


Well, when you carry the concept to the real-life reductio ad absurdum that property itself (like corporations) has rights, perhaps you might want to stop and think about backing up a bit.
 
2012-07-20 05:19:53 PM  
That is no way for a job creator to act..That money needed to be hoarded in "investments" and offshore
corporations where tax loopholes would allow that money to be funneled into political groups and bribes so
regulations can be overlooked and manipulated and the tax code adjusted to your benefit.
 
2012-07-20 05:19:54 PM  

Superrad: It's only socialism if the government makes you do it.


ArcadianRefugee: The government forcing you to give away what's yours is socialism.


Unless that money's going toward an overblown ridiculous land war based on a lie.
 
2012-07-20 05:22:52 PM  
How is he supposed to create jobs if he gives away his money?

This... makes... no... sense!
 
2012-07-20 05:23:15 PM  

jso2897: Wangiss: farkityfarker: ArcadianRefugee: People giving away what's theirs is not socialism.

The government forcing you to give away what's yours is socialism.

Difference. Big. Important.

/cool of him

"What's theirs" and "what's yours" are very subjective.

Property Rights: Overrated? Story at 11.

Well, when you carry the concept to the real-life reductio ad absurdum that property itself (like corporations) has rights, perhaps you might want to stop and think about backing up a bit.


Yeah, that's when it gets pretty arbitrary. But if I make a thing out of my stuff, it should be my thing.
And, on a different note, CEOs distributing performance bonuses does not set off any philosophical sirens in my head, so I find this thread quite silly.
 
2012-07-20 05:23:34 PM  
Superrad; ArcadianRefugee; Mouser; 50 other people yet to post in thread:

Subby is (I assume) facetiously referencing the 30% or so of the US population that thinks about these lines:
oi46.tinypic.com
 
2012-07-20 05:25:24 PM  

God-is-a-Taco: Superrad; ArcadianRefugee; Mouser; 50 other people yet to post in thread:

Subby is (I assume) facetiously referencing the 30% or so of the US population that thinks about these lines:
[oi46.tinypic.com image 550x400]


30% of the US does lines? Probably all in the same bathroom with my lazy-ass brother.
 
2012-07-20 05:26:31 PM  

rewind2846: And CEOs all over the United States soiled themselves in unison.
/good on ya Yang


No kidding.

Just do it, big guys.
 
2012-07-20 05:26:53 PM  

God-is-a-Taco: Superrad; ArcadianRefugee; Mouser; 50 other people yet to post in thread:

Subby is (I assume) facetiously referencing the 30% or so of the US population that thinks about these lines:
[oi46.tinypic.com image 550x400]


I am shocked she is intelligent enough to write
 
2012-07-20 05:30:40 PM  
Hey libtards, remember when you said trickle-down economics doesn't work? What in the hell do you think this is?!
 
2012-07-20 05:31:05 PM  

God-is-a-Taco: Subby is (I assume) facetiously referencing the 30% or so of the US population that thinks about these lines:


In Obama's defense, that baby was being kind of a dick.
 
2012-07-20 05:31:33 PM  

Smelly Pirate Hooker: He's setting a really bad example for the other CEOs.

Doesn't he know he's supposed to stick that money in an offshore account or use it to buy a giant house or yacht or get married and divorced a couple times?


Nah. He's just made an investment. His salary and bonuses will be much bigger in the next year when he quits and he will be able to buy a much bigger house, a much bigger yacht, and will be able to afford a much more expensive wife.
 
2012-07-20 05:32:00 PM  
The company I work for will on occasion kick down some cash to everyone if we have a really good year. It's happened only four or five times in the 14 years I've worked here but it's always appreciated.
 
2012-07-20 05:32:17 PM  

thisisyourbrainonFark: Hey libtards, remember when you said trickle-down economics doesn't work? What in the hell do you think this is?!


This is not trickle-down economics. You need to look the term up before you use it.
 
2012-07-20 05:32:31 PM  

machoprogrammer: God-is-a-Taco: Superrad; ArcadianRefugee; Mouser; 50 other people yet to post in thread:

Subby is (I assume) facetiously referencing the 30% or so of the US population that thinks about these lines:
[oi46.tinypic.com image 550x400]

I am shocked she is intelligent enough to write


True, but it does appear to be in crayon.
 
2012-07-20 05:34:40 PM  

Superrad: I know it's pointless, but I'm going to point out that if you do it because you feel like it, it's called running your own business, which no one is against. It's only socialism if the government makes you do it.

Carry on beating the straw man.


I'm sure the Right is against it and, if it continued, would pass laws prohibiting it. What's THAT called?
 
2012-07-20 05:35:13 PM  
Another Lenovo VS Conan thread.
 
2012-07-20 05:36:03 PM  

Gyrfalcon: thisisyourbrainonFark: Hey libtards, remember when you said trickle-down economics doesn't work? What in the hell do you think this is?!

This is not trickle-down economics. You need to look the term up before you use it.


Right, trickle-down economics is when government allows business to multiply its resources and the hoi polloi benefit.
 
2012-07-20 05:36:37 PM  

jso2897: Wangiss: farkityfarker: ArcadianRefugee: People giving away what's theirs is not socialism.

The government forcing you to give away what's yours is socialism.

Difference. Big. Important.

/cool of him

"What's theirs" and "what's yours" are very subjective.

Property Rights: Overrated? Story at 11.

Well, when you carry the concept to the real-life reductio ad absurdum that property itself (like corporations) has rights, perhaps you might want to stop and think about backing up a bit.


Wow. Keep flogging that strawman.
 
2012-07-20 05:37:42 PM  
To be fair, American companies dole out huge bonuses as well. It's just that they give them to fat cats who don't do shiat for anybody and already have enough money to choke a millions goats.
 
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