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, 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.
The decision comes nearly a month after LinkedIn released a disappointing holiday quarter earnings report, which prompted skittish investors to abandon the stock, effectively cutting the company’s market value in half in a matter of days.
Weiner soon turned the company’s regularly scheduled all-hands meeting into one big pep talk, reminding employees that LinkedIn is still “the same…
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