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In an effort to raise morale in light of sinking stock prices, LinkedIn CEO Jeff Weiner is distributing his $14 million stock bonus among employees.
In an effort to raise morale in light of sinking stock prices, LinkedIn CEO Jeff Weiner is distributing his $14 million stock bonus among employees.
According to an article on Time Money:
“Jeff decided to ask the Compensation Committee to forgo his annual equity grant, and to instead put those shares back in the pool for LinkedIn employees,” Joe Roualdes, a spokesperson for LinkedIn, told MONEY.
Weiner’s decision follows LinkedIn’s dismal earnings report last month, which caused the company’s market value to plummet by about 43% in just one day. Still, the chief executive maintained in a meeting later that day that “we are the same company we were the day before our earnings announcement.”