It appears you have not yet registered with our community. To register please click here...

Go Back [M] > Madshrimps > WebNews
Apple CEO turns down dividends Apple CEO turns down dividends
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Apple CEO turns down dividends
Thread Tools
Old 28th May 2012, 06:45   #1
[M] Reviewer
Stefan Mileschin's Avatar
Join Date: May 2010
Location: Romania
Posts: 96,371
Stefan Mileschin Freshly Registered
Default Apple CEO turns down dividends

Apple CEO Tim Cook has announced that he will will not be earning dividend income on the more than 1 million shares to which he is entitled. This will set him back over $75 million.

Earlier this week it was revealed that Cook was earning a million dollars a day thanks to his lucrative share arrangement with Apple.

However, according to Reuters, Jobs' Mob told the US Securities and Exchange Commission that Cook had asked to be excluded from a recently instituted company program through which employees can accumulate dividends on their restricted stock units that are still vesting.

This would mean that he would have to work for a couple of extra months to make up the dosh.

Apple refused to say why Cook was refusing the cash, but it does seem rather nice of him.

He has 1.125 million outstanding restricted Apple shares that are vesting over the next 10 years.

In January, Apple's board granted Cook 1 million restricted stock units (RSUs) for running the company during Jobs' medical leaves and as a retention tool.

Half of those units are due to vest in 2016 and the remainder are due to vest in 2021.

Apple said it agreed to pay a cash dividend of $2.65 per share to its shareholders.
Stefan Mileschin is offline   Reply With Quote

Similar Threads
Thread Thread Starter Forum Replies Last Post
Apple TV Next and The New iPad Tech Specs Pages Post - Single Core A5 in Apple TV Stefan Mileschin WebNews 0 8th March 2012 10:28
Apple update twofer: Apple TV hits 4.4.4 (9A406a), iOS 5.0.1 bump comes to iPhone Stefan Mileschin WebNews 0 16th December 2011 06:56
Intel turns 40 jmke WebNews 1 19th July 2008 09:44
The Smiley Face Turns 25 :-) jmke WebNews 2 25th September 2007 18:55
IBM Research turns 60 Sidney WebNews 0 13th October 2005 18:49
486 Turns 15 Years Old jmke WebNews 1 12th June 2004 17:19
RC-5 turns my pc on :) Anthroplast Site & Forum Feedback - Folding@Home 9 17th June 2002 11:44

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT +1. The time now is 11:10.

Powered by vBulletin® - Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO