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Xu Lixin's excellent boss
In April 24, Xu Lixin, a Hong Kong resident who immigrated to the United States, sold his computer company eMachines to Gateway, another famous American computer company, for 29 million dollars. Xu Lixin distributed 55% of the profits, that is, about $72.5 million (about RMB 6 million), to 14 employees in the company, with an average share of more than 4 million yuan (RMB) each. The incident caused a sensation in the local area, but Xu Lixin still modestly claimed that he was not generous.
49-year-old Xu Lixin co-founded eMachines, which suffered losses in 2 and was delisted by NASDAQ in the United States the following year. Xu Lixin privatized eMachines at the end of the year for 16 million dollars, and then revived the company to become the third largest computer manufacturer in the United States, after Dell and Hewlett-Packard.
in p>23, Xu Lixin contacted Gateway chairman waite and lobbied him to buy eMachines. The two sides finally reached an agreement in March 24, and Gateway acquired eMachines for 29 million dollars, including 3 million dollars in cash and 5 million shares of Gateway (worth 26 million dollars).
Xu Lixin made a profit of $129 million in the transaction. He took out more than half of it and distributed it to 14 employees in the company, from the management to the warehouse workers, each of whom received an average annual salary of 3% as a bonus.
Wayne Inoue, CEO of p>eMachines, said: "Some colleagues were moved to tears after receiving the bonus, and many people were shocked because they didn't expect such a thing to happen. Generally, the boss wouldn't do this, but Xu Lixin believed that all employees should share the fruits of their efforts." Xu Lixin said modestly: "I am not a generous person. I have kept the biggest share for myself, but I think I should take care of my employees." Many employees want to thank him in person, but there are too many people, so Xu Lixin hides, and his office is full of thank-you cards and gifts. Xu Lixin is now the second largest shareholder of Gateway, and many senior executives of eMachines have become managers through Gateway.
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