Index: ELF/Config.h
===================================================================
--- ELF/Config.h
+++ ELF/Config.h
@@ -44,7 +44,7 @@
 enum class StripPolicy { None, All, Debug };
 
 // For --unresolved-symbols.
-enum class UnresolvedPolicy { ReportError, Warn, WarnAll, Ignore, IgnoreAll };
+enum class UnresolvedPolicy { ReportError, Warn, Ignore, IgnoreAll };
 
 // For --sort-section and linkerscript sorting rules.
 enum class SortSectionPolicy { Default, None, Alignment, Name, Priority };
@@ -128,6 +128,7 @@
   bool ICF;
   bool MipsN32Abi = false;
   bool NoGnuUnique;
+  bool NoinhibitExec;
   bool NoUndefinedVersion;
   bool Nostdlib;
   bool OFormatBinary;
Index: ELF/Driver.cpp
===================================================================
--- ELF/Driver.cpp
+++ ELF/Driver.cpp
@@ -418,9 +418,6 @@
 // Determines what we should do if there are remaining unresolved
 // symbols after the name resolution.
 static UnresolvedPolicy getUnresolvedSymbolPolicy(opt::InputArgList &Args) {
-  // -noinhibit-exec or -r imply some default values.
-  if (Args.hasArg(OPT_noinhibit_exec))
-    return UnresolvedPolicy::WarnAll;
   if (Args.hasArg(OPT_relocatable))
     return UnresolvedPolicy::IgnoreAll;
 
@@ -647,6 +644,7 @@
   Config->LTOPartitions = getInteger(Args, OPT_lto_partitions, 1);
   Config->MapFile = Args.getLastArgValue(OPT_Map);
   Config->NoGnuUnique = Args.hasArg(OPT_no_gnu_unique);
+  Config->NoinhibitExec = Args.hasArg(OPT_noinhibit_exec);
   Config->NoUndefinedVersion = Args.hasArg(OPT_no_undefined_version);
   Config->Nostdlib = Args.hasArg(OPT_nostdlib);
   Config->OFormatBinary = isOutputFormatBinary(Args);
Index: ELF/Relocations.cpp
===================================================================
--- ELF/Relocations.cpp
+++ ELF/Relocations.cpp
@@ -535,6 +535,13 @@
   In<ELFT>::RelaDyn->addReloc({Target->CopyRel, Sec, Off, false, SS, 0});
 }
 
+static void errorOrWarn(const Twine &Msg) {
+  if (!Config->NoinhibitExec)
+    error(Msg);
+  else
+    warn(Msg);
+}
+
 template <class ELFT>
 static RelExpr adjustExpr(SymbolBody &Body, RelExpr Expr, uint32_t Type,
                           const uint8_t *Data, InputSectionBase &S,
@@ -691,7 +698,7 @@
     Msg += Src + "\n>>>               ";
   Msg += S.getObjMsg<ELFT>(Offset);
 
-  if (Config->UnresolvedSymbols == UnresolvedPolicy::WarnAll ||
+  if (Config->NoinhibitExec ||
       (Config->UnresolvedSymbols == UnresolvedPolicy::Warn && CanBeExternal)) {
     warn(Msg);
   } else {
@@ -905,9 +912,10 @@
       // We don't know anything about the finaly symbol. Just ask the dynamic
       // linker to handle the relocation for us.
       if (!Target->isPicRel(Type))
-        error("relocation " + toString(Type) +
-              " cannot be used against shared object; recompile with -fPIC" +
-              getLocation<ELFT>(Sec, Body, Offset));
+        errorOrWarn(
+            "relocation " + toString(Type) +
+            " cannot be used against shared object; recompile with -fPIC" +
+            getLocation<ELFT>(Sec, Body, Offset));
 
       In<ELFT>::RelaDyn->addReloc(
           {Target->getDynRel(Type), &Sec, Offset, false, &Body, Addend});
Index: test/ELF/x86-64-dyn-rel-error.s
===================================================================
--- test/ELF/x86-64-dyn-rel-error.s
+++ test/ELF/x86-64-dyn-rel-error.s
@@ -10,3 +10,5 @@
         .long bar
 
 // CHECK: relocation R_X86_64_32 cannot be used against shared object; recompile with -fPIC
+
+// RUN: ld.lld --noinhibit-exec %t.o %t2.so -o %t 2>&1 | FileCheck %s