Cha-ching! LinkedIn CEO Jeff Weiner announced this week that he's giving away his entire $14 million bonus to his employees — because he wants them to stay at his company.
"Jeff did not receive an equity package this year at his request," a LinkedIn spokesperson told tech site Re/code this week. "He asked the Compensation Committee to take the stock package he would have received and put it back in the pool for employees."
The seemingly selfless move by Weiner, 46, was made after LinkedIn's stock plummeted last month following the release of the professional networking company's earnings report. At the time, LinkedIn's stock value fell by a whopping 43 percent in one day. According to Re/code, Weiner wanted to keep company morale up — as well retain future talent.
Weiner isn't the first tech CEO to do this. Last October, Twitter head Jack Dorsey distributed $200 million in his stake in Twitter stock after big layoffs and worrisome financial value infiltrated the social media platform.
