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Sunday, 27 May 2012

Apple rejects $75m payout

Apple's boss Tim Cook has turned down a payout worth about $75m (£48m).

The technology giant will pay a quarterly dividend of $2.65 per share from July, the first time Apple has declared a dividend since 1995.

But a regulatory filing with the Securities and Exchange Commission revealed that Mr Cook will not take up his dividends.

A newspaper recently said that Mr Cook was the best-paid boss in the US with an income of more than $300m.

"At Mr Cook's request, none of his restricted stock units will participate in dividend equivalents," the filing said. It did not say why.

1 comment:

  1. Interesting post man, there's no way I'd reject that payout if I was him.