31–40 of 153 posts
Silly publicity stunt and unbecoming of the principles of the free market. He could have created a lot more value by investing the money in a high-powered startup; not passing handouts to janitors and secretaries.
People doing what they want to do with their own money is "unbecoming of the principles of the free market"? WTF?
He was a weird dude.
This is great, but this statement from the author is a pretty terrible assumption: "It's nice to see an executive giving away a huge chunk of money to the employees that had as much to do with Lenovo's successful year as any executive within the company"
Why? Here in the US we have a cultural flaw where we irrationally conflate equilibria in the supply/demand of labor with distribution of credit for a company's success. The CEO gets paid a lot more because there is a much smaller supply of people who have the pedigree/qualifications to be CEO than to be a line worker. There is no chain of logic that can take you from there to the conclusion that he's more important t…
I don't really think all that much about somebody who is fantastically rich giving away money that they won't miss. Although it's still somewhat cool because other fantastically rich people wouldn't do this and seem more concerned with increasing their own wealth to an obscene amount.
Dude, it doesn't matter how rich he is. He gave away his own money to the people who are making him rich as a gesture of thanks and goodwill. WTF would you find anything to belittle that?
That's nice. I wonder what the tax consequences were.
They should have been zero for him and an increase of $314 USD in revenue per employee.
This is great, but this statement from the author is a pretty terrible assumption: "It's nice to see an executive giving away a huge chunk of money to the employees that had as much to do with Lenovo's successful year as any executive within the company"
Why? Here in the US we have a cultural flaw where we irrationally conflate equilibria in the supply/demand of labor with distribution of credit for a company's success. The CEO gets paid a lot more because there is a much smaller supply of people who have the pedigree/qualifications to be CEO than to be a line worker. There is no chain of logic that can take you from there to the conclusion that he's more important t…
Silly publicity stunt and unbecoming of the principles of the free market. He could have created a lot more value by investing the money in a high-powered startup; not passing handouts to janitors and secretaries.
When we say the "law of gravity" it's a way to understand how the world works, not an edict from some moral authority.
One of my old bosses thought that all Lenovos possessed BIOS-level malware that could be activated at a moment's notice by the Chinese government should the US ever got to war with them. He was a weird dude.
Seriously: are there any laptops/PCs still manufactured within the national borders of the US?
This is great, but this statement from the author is a pretty terrible assumption: "It's nice to see an executive giving away a huge chunk of money to the employees that had as much to do with Lenovo's successful year as any executive within the company"
Hardly. A captain steers the ship, but it's the rest of the crew that sails the boat. You can steer to your hearts content, but without the right team and culture, you aren't going anywhere.