Tim Cook declines dividends being paid to Apple employees
Apple's Board of Directors approved a dividend equivalent payment to employees holding restricted stock units, but this won't apply to Tim Cook, says a report in MacRumors. These RSUs vest after a period of time and are usually given to employees to entice them to stay with the company for a length of time.
Tim Cook, for example, was awarded 1.125 million RSUs when he stepped into the CEO position last year. At the current dividend payment of US$2.65 per share, Cook would receive a payment of approximately $75 million. Keeping with his character as a kind and gentle leader of Apple, Cook is refusing to accept this dividend, says a recent SEC filing.
Software Updatesmore updates
- Apple Remote Desktop updated with Yosemite support
- OS X Yosemite 10.10.2, iOS 8.1.3 updates now available
- Sports Illustrated 120 SPORTS channel comes to Apple TV
- Logic Pro X update brings AirDrop support, new effects, tools, and more
- Parallels Access 2.5 released, adds file manager, computer-to-computer remote access
- The Google Translate iOS app is about to get a lot smarter