EMachines founder spreads the joy--and the cash

[Florida_Geek]

http://news.com.com/2100-1040_3-5192872.html?part=rss&tag=feed&subj=news

EMachines founder spreads the joy--and the cash
Last modified: April 15, 2004, 5:32 PM PDT
By Richard Shim
Staff Writer, CNET News.com


Sometimes working for a low-cost PC maker has its benefits, especially when the founder is feeling generous.

Lap Shun "John" Hui rewarded eMachines' 140 employees by giving each of them a hefty bonus--some checks, some Gateway stock--according to company representatives. Hui gave workers about 25 percent of the proceeds of the sale, pocketing the remaining $217.5 million. The amounts of the bonuses varied according to a formula devised by Hui. About three dozen executives at eMachines, including former chief and new Gateway chief Wayne Inouye, split 12.5 million Gateway shares, which closed at $5.19 each the day the purchase was finalized.

The low-cost PC maker was bought by Gateway earlier this year for roughly $290 million...

.. more at CNET

Sounds like a good boss to work for......

[smooveBitness]

1. Wow, how generous....

It seems that he still kept a very hefty chunk of his corporate pig rewards to himself. He should give that money to those poor Taiwaneese workers that work all day in chemicals a portion of his pocketed greed.x( Where do you think those cheap motherboards come from!! Not from US workers!!!

[Florida_Geek]

2. I think it is GREAT that he spread 70 million

amoung the 140 workers for eMachines. Some CEOs would have just said fuck it, your Gateways problem now.

[DoYouEverWonder]

3. Makes me even happier

that I've switched from Dell to E-Machines.