LinkedIn, the professional networking site that was valued at $4.35 billion for its 2011 IPO, has struggled to live up to that valuation lately, reporting a 43 percent drop in market value in their most recent monthly earnings report.
In a move that is becoming more common among tech giants, CEO Jeff Weiner is redistributing his annual $14 million stock bonus to employees in an effort to keep them engaged.
He is following Twitter CEO Jack Dorsey’s lead, who gifted a third of his stock award (around $200m) to employees last October under similar circumstances.
