Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Lifestyles
Classified Sites

The Canadian Press - ONLINE EDITION

LinkedIn CEO Jeff Weiner's 2013 compensations soars to $49 million from $1.2 million

SAN FRANCISCO - LinkedIn CEO Jeffrey Weiner's compensation rose about 42-fold in 2013 amid big gains in the professional networking service's stock price.

Weiner received a compensation package valued at $49.1 million last year, according to a regulatory filing. That's up from $1.2 million in 2012 and from $7.6 million in 2011, the year the company went public.

Weiner's salary totalled $583,750 for the year, up from $535,000 in 2012. The bulk of his 2013 compensation package came from stock and option awards totalling $47.4 million. He did not get stock or option awards in 2012.

He also received a cash bonus totalling $1.1 million and $4,664 in other compensation that included 401(k) matching contributions and an iPad that was given to every employee.

In addition to his compensation, Weiner exercised stock options in 2013, reaping a windfall of $169.8 million.

LinkedIn's stock gained 89 per cent in 2013. The company finished last year with a strong showing. Its earnings grew 24 per cent to $26.8 million, or 23 cents per share, from $21.6 million, or 19 cents per share, in 2012.

Revenue climbed 57 per cent to $1.53 billion from $972.3 million. But the company indicated that its performance will weaken this year as management ramps up spending while revenue growth slows. Weiner said in February that the LinkedIn will be spending "significantly" on data centres and long-term projects that may take several years to pay off.

The Associated Press formula calculates an executive's total compensation during the last fiscal year by adding salary, bonuses, perks, above-market interest the company pays on deferred compensation and the estimated value of stock and stock options awarded during the year.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
Sudden Surge: Flood of 2014
Opportunity Magazine — The Bakken
Why Not Minot?
Welcome to Winnipeg

Social Media