DailyDirt: Giving Back To Employees
from the urls-we-dig-up dept
Income inequality is a topic that has been circulating recently (partially from Robert Reich’s movie “Inequality for All”), and as stats about income growth/stagnation are thrown around, there have been a few examples of corporate leaders trying to recognize their employees’ hard work. Here are just some of the rare CEOs/founders who have taken a small stab at wealth redistribution from their own personal pockets.
- Lenovo’s CEO Yang Yuanqing has distributed $3.25 million (of his own $4.23 million bonus) to thousands of hourly workers — roughly giving them $335 per person. This is the second year in a row that Yang has done this, and it’s slightly more than last year’s bonus. It’s a nice gesture, but how long will it continue? [url]
- The family-run firm Nominit in Sweden is paying out about $16.3 million (114 million kronor) to current and former employees — because the company’s two founders and owners have no heirs. The company manufactures rivets, and its ownership will be transferred to a foundation dedicated to the well-being of former and current employees. [url]
- Next CEO Simon Wolfson shared all of his $3.6 million cash bonus with employees, and he’s the first CEO in the UK to make such a generous gift to employees of a public company. CEOs sometimes donate their bonuses to charity, but distributing money back to employees (of public companies) hasn’t caught on the UK (or the US). [url]
If you’d like to read more awesome and interesting stuff, check out this unrelated (but not entirely random!) Techdirt post via StumbleUpon.
Filed Under: bonus, ceo, charity, generosity, inequality, management, robert reich, wealth distribution
Comments on “DailyDirt: Giving Back To Employees”
The idea itself of transferring assets to the employees of the company is a good move for liquidation if they take it and make businesses for themselves.
But good luck convincing the socialist pawns that this does not work at a societal level.
Re: Re:
Socialist pawns? As I libertarian Socialist myself I object.
I do see that this does not work at a societal level.
Want to recognise the hard work of employees? Pay them a wage they can actually live on.
Re: Re: Re:
“Pay them a wage they can actually live on”
Sacrilege … blasphemy !!!
Repent or wrath of the almighty money gods will smite thee
Re: Re: Re:
Define the living conditions and their costs please.
if only
If onlyI had a personal use for rivits in my life I would change my supplier, pronto.
i assume the reason it ‘hasn’t caught on’ in the UK is no one wants to start a trend! all the UK government is interested in is ensuring the wealthy, whether company bosses or not, continue to be so and the workers get hit as hard and as often as possible, so as to remove from them any form of being reasonably paid and having a reasonable life!