So even if it's fully distributed that's about $1500 per member of staff.
Is that exciting? I mean, if you were on minimum wage it might be. Otherwise it sounds like inflation (5% on $30K). How much do LinkedIn employees earn?
Applaud him for doing something good. $14m is a lot of money for any individual to shell out and $1500 is "exciting" to most normal people.
I'd be excited if someone arbitrarily gave me $10 off the street.
My employer giving me a bonus of that amount would be different though, because the nature of the relationship there is very different - I give up a large part of my life to work there.
I'm mostly just asking whether $1500 is significant at LinkedIn - you seem to think I'm making the claim that it's not. Whether it'd be useful for the average person is not that relevant (because it's not applying to them).
Why does the YC application ask for your HN username?
As of December 31, 2014, we had 6,897 employees,
consisting of 2,838 employees in engineering, product
development and customer operations, 2,989
employees in sales and marketing, and 1,070
employees in general and administrative functions.
So even broadly, 60% of the company is definitely non-engineering. From a quick glance at their 10k, it looks like about 1,700 people are in the product development group, so at minimum 75% of the company is non-engineering. Whether it's 1/5 engineers or somewhere closer to 1/10, it's hard to say but it takes a lot of people to run a company, and the majority don't make 'engineer' salaries.That'd be far bigger news.
Ideally, the CEO could/would do more. But just passing it off as a symbolic gesture raises the question: well, if it's so symbolic -- and thus, of no real sacrifice to the CEO, then why don't all the other rich (and far richer) CEOs do it, such that this CEO's offering doesn't make news?
And the $14 million goes into the grant pool, so it's only accessible by those with grants in the first place.