profit-sharing
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Lenovo CEO shares $3.25 million of his bonus with employees (again) after record year
After helping Lenovo thrive in the wretched PC industry -- while also making it the number one Chinese smartphone maker -- CEO Yang Yuanqing earned a sizeable bonus. And like last year, he's sharing the wealth with front-line employees, giving $3.25 million of his $14.6 million salary to 10,000 workers in 20 countries. Lenovo grabbed a record $34 billion during its last fiscal year, along with an all-time high $653 million in profit. While the sum he shared may be small compared to that, it's almost a month's pay for the 85 percent who work in China. And we can't say we've seen too many CEOs stateside willing to part with their personal private jet fuel stash.
Financial Times: Nokia mulling revenue split with carriers for Windows Phone 8
The Financial Times has reported that Nokia is in "exploratory" talks with several European carriers to share revenue for its upcoming Windows Phone 8 handsets in exchange for dedicated support. This would be a shift from its normal modus operandi, which is to sell as many phones as it can across all carriers at once, in favor of an approach which resembles Apple's deal with AT&T for the iPhone in 2007. The Finnish company could be hoping to create the same level of excitement for its WP8 phone that Cupertino did back then -- and may also be trying to offer a more profitable carrier alternative to Apple and Samsung, who use their dominance to grab the lion's share of handset revenue. While operators like France Telecom (Orange) and Deutsche Telekom are said to be involved, all parties have declined to comment. So, take this for what it is -- just a rumor at the moment -- but based on deals it made in the US with AT&T and the Lumia 900, it wouldn't be a shocker for Nokia to at least consider it.
Undead Labs publicly announces profit-sharing plan
It's been a few months since we heard the first details about the upcoming zombie game from the appropriately named Undead Labs, but the most recent news from the official site doesn't cover the game directly. Instead, it covers something that should be far more interesting to people who follow the industry as a whole or those who work with the company. It's the official profit-sharing plan for the company, and not just the net benefits -- the whole thing, in full legal terms, available for anyone to read. As Jeff Strain puts it, he doesn't want the company to work along the lines of many larger studios, where executives reap the benefits of a successful game and employees are lucky to see any of the profits. The complete transparency of both the plain language and detailed legal version of the sharing plan is apparently against the advice of the corporate lawyer, but Strain considers it a move that he'd prefer to see other studios copy. Considering the references to the Activision/Infinity Ward fiasco earlier this year, it certainly couldn't hurt to have a bit more developer and corporate accountability.
