TODAY'S PAPER
Clear 41° Good Evening
Clear 41° Good Evening
BusinessTechnology

Apple CEO gives up $75M in dividend income

Apple chief executive Tim Cook talks about new

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

To Continue...

Already a Newsday or Optimum customer ?

Get unlimited digital access $1 for 4 Weeks

$0.99/Week Thereafter

More news