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LinkedIn CEO Jeff Weiner's compensation soars

Published on NewsOK Modified: April 28, 2014 at 6:38 pm •  Published: April 28, 2014

SAN FRANCISCO (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 2013 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.

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

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

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