Top Chinese Tech Firm Huawei Profits $2.4 Billion, Then Doles Out $1.9 Billion To Employees
Jan 22, 2013, 19:58 IST
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Huawei, a competitor to Cisco in the routers business and Samsung in the handset business, had an excellent 2012.
Profits rose 33% to 15.4 billion yuan, about $2.4 billion dollars, according to Sina.com's English language site.
81% of that money is going to employees.
The company just announced it will pay $1.9 billion in bonuses to many of its ~150,000 employees.
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That averages out to ~$12,000 per employee, but most of the money will go to "level 3" executives and higher.