Saturday, May 26, 2012
Apple CEO Tim Cook turns DOWN $75 million in dividend income | Mail Online - In January, Apple's board granted him 1 million restricted stock units (RSUs) for running the company during Jobs' medical leaves and as a retention tool. Half of the stock won't be redeemable until 2016 and the rest won't be redeemable until 2021. Over that time the value of the shares could change dramatically. Despite why the CEO may have declined the $75 million fortune being left without comment by Apple, it could be a figure the ranked world's 58th most powerful person according to Forbes may just not need, as currently fathomed by some. Since Mr Cook's rise to CEO, Apple's market value has increased approximately $140 billion, according to Fortune Magazine.
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