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Apple CEO Tim Cook refuses $75M dividend on restricted stock

Apple CEO Tim Cook refuses $75M dividend on restricted stock Created by MG3 on May 28, 2012

Apple earlier today filed an 8-K form with the Securities and Exchange Commission, indicating that the board of directors has decided to give restricted stock holders the same $2.65-per-share dividend they expect to give public shareholders. CEO Tim Cook has requested he not be awarded the dividend, however, costing him an estimated $75 million dollars over the next decade. »read more

More at: Electronista Add additional source

Filed in: Apple

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