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03-03-2016, 07:04 PM
LinkedIn CEO gives away his $14 million bonus to employees after its stock collapses
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The latest perk in the newly beleaguered tech industry: taking the CEO's money.
Jeff Weiner, the CEO of LinkedIn, has forfeited his annual $14 million stock bonus and agreed to distribute those shares to employees suffering from financial whiplash after the stock tanked last month (http://mashable.com/2016/02/04/linkedin-stock-dives-off-a-cliff/), the company confirmed this week.*
"Jeff decided to ask the Compensation Committee to forego his annual*equity grant, and to instead put those shares back in the pool for*LinkedIn employees," Joe Roualdes, a spokesperson for LinkedIn, said in a statement provided to Mashable.
SEE ALSO: LinkedIn CEO gives soothing pep talk to employees after stock gets obliterated (http://mashable.com/2016/02/12/linkedin-stock-collapse-motivational-speech/?utm_campaign=&utm_context=textlink&utm_medium=rss&utm_source=) Read more... (http://mashable.com/2016/03/03/linkedin-ceo-gives-stock-to-employees/)
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The latest perk in the newly beleaguered tech industry: taking the CEO's money.
Jeff Weiner, the CEO of LinkedIn, has forfeited his annual $14 million stock bonus and agreed to distribute those shares to employees suffering from financial whiplash after the stock tanked last month (http://mashable.com/2016/02/04/linkedin-stock-dives-off-a-cliff/), the company confirmed this week.*
"Jeff decided to ask the Compensation Committee to forego his annual*equity grant, and to instead put those shares back in the pool for*LinkedIn employees," Joe Roualdes, a spokesperson for LinkedIn, said in a statement provided to Mashable.
SEE ALSO: LinkedIn CEO gives soothing pep talk to employees after stock gets obliterated (http://mashable.com/2016/02/12/linkedin-stock-collapse-motivational-speech/?utm_campaign=&utm_context=textlink&utm_medium=rss&utm_source=) Read more... (http://mashable.com/2016/03/03/linkedin-ceo-gives-stock-to-employees/)
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