LinkedIn CEO gives staff £9.95m to raise staff morale

Jeff Weiner, CEO at LinkedIn, has recently been faced with the daunting challenge of having to address a 43% stock value drop after the company announced its 2015 results earlier this year.

Following the disgruntling results, Weiner has chosen to forgo his annual stock package on behalf of the employees in a bid to boost staff morale. The stock package is worth $14million (£9.95million). It will be distributed amongst the staff.

“Jeff did not receive an equity package this year at his request,” spokesperson Hani Durzy told Re/code. “He asked the Compensation Committee to take the stock package he would have received and put it back in the pool for employees.”

The CEO has also aimed to boost morale by giving his employees pep talks. In a video posted in February, Weiner addressed his staff and said: “We are the same company we were the day before our earnings announcement.