Apple CEO gives up $75M in dividend income

Apple chief executive Tim Cook talks about new

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Apple chief executive Tim Cook talks about new products in 2012 during an Apple event in San Francisco. (March 7, 2012) (Credit: AP)

Apple chief executive Tim Cook is giving up $75 million in dividends on restricted stock, at a time when chief executive pay in the United States has been rising.

In a filing with the Securities and Exchange Commission late Thursday, Apple Inc. said Cook requested that his restricted stock units not receive dividends.

Apple is awarding quarterly dividends of $2.65 per share to all...

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