LinkedIn CEO to pass on 2016 annual stock package to employees

Jeff Weiner, CEO of LinkedIn, speaks on stage during fireside chat session at the TechCrunch Disrupt SF 2013 technology conference in San Francisco, California September 9, 2013. REUTERS/Stephen Lam

LinkedIn Corp said on Wednesday Chief Executive Jeff Weiner will decline his 2016 annual stock compensation in order to pass it on to his employees at the professional social network.

The move follows LinkedIn‘s disappointing first-quarter revenue and profit forecast that missed Wall Street estimates last month as growth slows in the company’s ads business and its hiring services face pressure outside North America.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter