China’s Largest Phone Company Gives Their CEO a $1.5 Billion Bonus
![China’s Largest Phone Company Gives Their CEO a $1.5 Billion Bonus](https://nextshark.b-cdn.net/wp-content/uploads/2018/06/xiao2-e1529713836749.jpg?width=1536&auto_optimize=medium&quality=85&blur=80)
![China’s Largest Phone Company Gives Their CEO a $1.5 Billion Bonus](https://nextshark.b-cdn.net/wp-content/uploads/2018/06/xiao2-e1529713836749.jpg?width=1536&auto_optimize=medium&quality=85)
China’s largest smartphone maker Xiaomi has reportedly given their CEO one of the largest executive bonuses in history.
![](https://nextshark.b-cdn.net/wp-content/uploads/2018/06/xiao1-e1529713821954.jpg?width=1536&auto_optimize=medium&quality=85)
CEO Lei Jun, who helped catapult Xiaomi to become the fourth largest smartphone company in the world, received a $1.5 billion bonus in stock options to “reward him for his contributions,” according to Business Insider via The Wall Street Journal.
![](https://nextshark.b-cdn.net/wp-content/uploads/2018/06/xiao3-e1529713814671.jpg?width=1536&auto_optimize=medium&quality=85)
What is more interesting is that the bonus was reported as having no strings attached and not being subject to any performance goals in the company’s future. A source close to the matter also revealed that Lei had never received a bonus before.
In July, Xiaomi, a $70 billion company, plans to launch their planned IPO which could value Lei’s bonus at up to $1.79 billion, making it larger than any corporate bonus from tech companies across the globe ever.
Share this Article
Share this Article