Tech

LinkedIn CEO Jeff Weiner’s Compensation Soars To $49 Million In 2013

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(CBS)

MOUNTAIN VIEW (CBS / AP) — 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 totaled $583,750 for the year, up from $535,000 in 2012. The bulk of his compensation package came from stock and option awards totaling $47.4 million. He did not get stock or option awards in 2012.

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

© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

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