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Tim Cook forgoes $75m dividend

I guess $75m isn’t that much to Tim Cook or he thinks the consequences of taking it are greater than the present $75m. But Apple declared a quarterly dividend. In an SEC filing Apple stated “At Mr. Cook’s request, none of his restricted stock units will participate in dividend equivalents. Assuming a quarterly dividend of $2.65 per share over the vesting periods of his 1.125 million outstanding restricted stock units, Mr. Cook will forego approximately $75 million in dividend equivalent value.”  I think in the long run that will be relative pennies based on where the company is trending these days but it’s still a Mega Millions winning to the rest of us.

via CNN Money

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