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HTC’s Peter Chou is having his own “burning platform” moment after sending a company-wide email, leaked to Bloomberg, entitled “We are coming back.” The CEO, shocked at recent sales dips has talked of a company lacking “decision, strategic direction or [a] sense of urgency” and requested that employees should “kill bureaucracy.” He praised the success of the well-lauded One X, but said that the company’s own “processes, rules and norms” could be stumbling blocks, instead urging employees to “follow rules and criteria, but don’t let small things kill the major goals.” The missive has already been confirmed as real by an HTC spokesperson, who probably promptly burned a stack of TPS reports to demonstrate their commitment.

Continue reading HTC CEO issues rallying call to staff, tells them to ‘kill bureaucracy’

Filed under: Cellphones

HTC CEO issues rallying call to staff, tells them to ‘kill bureaucracy’ originally appeared on Engadget on Wed, 15 Aug 2012 08:39:00 EDT. Please see our terms for use of feeds.

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In a move that’ll certainly have the CEO of Lenovo, Yang Yuanqing, in the good books of his many multiple underlings, $3 million of his most recent bonus has been distributed amongst 10,000 junior-level employees. This amount, for those of you wondering, equals out to be approximately $314 USD (2,000 yuan) each for each workers. The workers that received this bonus were production-line workers, receptionists, and assistants alike.

The bonus Yuanqing received here in the summer of 2012 was the result of the company having no less than its very best fiscal year of all time ending in March. Note – fiscal years, unlike a normal years, are started and ended differently for every company – some companies can be in Q2 while others are in Q4 and so forth. At the end of Lenovo’s fiscal year, again ending in March, they had a 73% bump in net profit compared to the fiscal year before.

This year was of course a “record-setting year for Lenovo” as Yuanqing was more than ready to affirm to the press this week. Yang himself ended up earning $5.2 million in bonuses for the fiscal year, this just part of his full salary, incentives, and other benefits which end up coming out to $14 million in all.

Sound like a good move to you? How many CEOs do you know that’d do the same?

[via CNN]

Lenovo CEO gives away bits of bonus to employees is written by Chris Burns & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Yahoo’s entire salary and compensation offer to newly minted CEO Marissa Mayer (former 20th in line at Google) has been released to the public today via the US Securities and Exchange Commission. This document outlines not only what Mayer will be expected to do, but what she’ll be making as one of the most powerful people in web-based business. The first and perhaps most important element here is Mayer’s base salary which equals out to be exactly $1 million USD a year.

Of course that $1 million a year is not without bonuses which have been outline as between $2 million and $4 million a year for the new head of Yahoo. Mayer has been given $14 million in equity for the business, and she’s received several one-time payments for joining Yahoo as well. For compensation on the stock options Mayer left behind at Google, Yahoo is paying $14 million, while Mayer’s retention cost is noted at $30 million.

The stock Mayer will be receiving will be made up of 50% of their Restricted Stock Units and 50% Common Stock, and all incentive bonuses payed to Mayer will be made according to Yahoo’s financial performance. In addition, Yahoo’s Compensation Committee will be reviewing Mayer’s performance each period to decide on her EIP payout.

EIP stands for Executive Incentive Plan and works as follows, per Yahoo:

“Incentive Compensation. You also will be eligible to participate in the annual Executive Incentive Plan (“EIP”), with a target incentive of 200% of your annual base salary (the “Target Award”), and a 2012 maximum of 400% of your annual base salary if you exceed your targets, pro-rated based on the period of time you are employed at Yahoo! in an EIP eligible position during the relevant Company fiscal year, less applicable taxes, deductions, and withholdings. Target incentives do not constitute a promise of payment. To qualify for the EIP” – Yahoo Employment Offer to Marissa Mayer

According to the math of the Wall Street Journal, Mayer will likely be making around $5.4 million USD from Yahoo for the remainder of this year. She’ll also likely make approximately $20 million per year after that, depending of course on performance targets and bonuses.

Marissa Mayer’s Yahoo employment offer revealed with massive salary is written by Chris Burns & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

It’s time for a change at Yahoo, and their appointing of former Google top brass Marissa Mayer makes it clear that they’re ready to cut a few heads to re-invigorate the company as well. As Mayer can claim having a major part in quite a few of Google’s big-name brands on the web over the past 10+ years, Yahoo is certainly interested in her making big decisions with their assets as well as with their not-so-healthy or otherwise bleeding projects. With a vast knowledge of not only how the company works, but a sense of what wont work on the web in the future as well.

Mayer had been up until this week a part of Google for many years, starting as an engineer and working her way up to the head of several departments in the past several years. She oversaw the changing of Gmail and the main search user interfaces for the modern age of Google, and was up until recently part of the Google inner circle working with its top heads. It was only very recently that Mayer must have found herself out of favor with Google – back in 2011 she spoke at the Computer History Museum on why she joined the team originally:

Having been added to the Wal-Mart board of appointees just this April, Mayer certainly got a taste of what it means to have a seat at a public company. Her combined knowledge from both her high rank at Google and her relatively short time at Wal-Mart have set her up for a Yahoo win in the very near future. As those responsible for this hire at Yahoo certainly understand a turnaround of Yahoo’s fortunes will require Mayer to act swiftly in regards not only to reinvigorating the support the web-based company has in its users, but in cutting programs left and right as well.

Check out the timeline below to get further insight on how Marissa Mayer will be changing Yahoo in her new seat as CEO.

Mayer brings Google’s “cool” to Yahoo is written by Chris Burns & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

As a top executive and employee number 20 at Google, there wasn’t necessarily a tremendous opportunity for growth at the Mountain View search giant. That may explain Marissa Mayer’s recent decision to jump ship in favor of joining Yahoo as the company’s chief executive — a role the former Google VP of Local, Maps and Location Services plans to assume tomorrow. Mayer joined Google way back in June of 1999 as the company’s first female engineer, and remained employed until her resignation earlier today. There’s no question that Yahoo will be in good hands — its new CEO does in fact have a degree in computer science — but the company’s future still remains in question, following a clear inability to catch up to its chief competition.

Continue reading Yahoo appoints former Google exec Marissa Mayer as CEO

Filed under: Internet

Yahoo appoints former Google exec Marissa Mayer as CEO originally appeared on Engadget on Mon, 16 Jul 2012 16:13:00 EDT. Please see our terms for use of feeds.

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