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.
Posted by Some Guy at Sunday, May 27, 2012