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Apple CEO Tim Cook turns down Restricted Stock Unit dividend worth over $75 million

0. phoneArena posted on 25 May 2012, 01:41

Apples 8-K filing with the SEC shows that Apple CEO Tim Cook turned down a dividend offered to those who own Restricted Stock Units, valued at more than $75 million; RSU owners have been awarded the same $2.65 a share dividend that public stockholders receive...

This is a discussion for a news. To read the whole news, click here

posted on 25 May 2012, 01:50 3

1. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)

Let's see the fandroids twist this one around

posted on 25 May 2012, 05:18 6

4. Bashok (Posts: 36; Member since: 14 Dec 2010)

It's about Apple's CEO...not Apple iPhone.

posted on 25 May 2012, 06:27 4

6. tedkord (Posts: 14123; Member since: 17 Jun 2009)

There's no need to twist anything. We already knew Mr. Cook was a much less selfish, better human being than his predecessor. Personally, I like the guy.

The only twisting going on here comes from your type. For instance, claiming the review of the One X said it was laggy. Or always using pictures where the Samsung phone is smooshed down to the size an aspect ratio of an iPhone, and opened to its app drawer, then yelling, "See. They're the same!"

The funniest example lately was the pretzel logic Gallito tried to apply to the Apple stylus - Samsung can be accused of copying Apple even though Apple didn't come up with anything they're accused of copying. But Apple can't be accused of copying the Samsung stylus because Samsung didn't come up with the original stylus, which is nothing like the one for the Note.

Seriously, you two should just sit back one day and read all your own past posts. It's good for a laugh, at least, and may be illuminating.

posted on 25 May 2012, 08:40

12. TR0LL (banned) (Posts: 41; Member since: 20 May 2012)

Tim could ev bought a company milliards ov
Apple Tv, and conquered 90‰ ov the world
Population, that doesn't own a Apple product......
Instead he takes his self centred-measures to boost
Apples stock price and augment his own $580.000.000 pay package.....
Fire Tim!
Fire the board!
Start over again....

posted on 26 May 2012, 14:16

15. DigitalBoy05 (Posts: 234; Member since: 04 Jun 2011)

Youre just trying to stir the hornets nest. I applaud Cook for his decision.

posted on 25 May 2012, 02:50 2

2. darktranquillity (Posts: 284; Member since: 28 Feb 2012)

Ha ha, apple thought they can fool their CEO like they fool their iphans with overpriced junks:-P.

posted on 25 May 2012, 08:08 1

11. TR0LL (banned) (Posts: 41; Member since: 20 May 2012)

So true. Cheap shattering glass, once dropped it breaks!
Then they charge £45 just to replace it... What a rip off!

posted on 25 May 2012, 02:58

3. DownHer (Posts: 8; Member since: 21 May 2012)

Internal Revenue Service?

posted on 25 May 2012, 06:16

5. grif_ (Posts: 61; Member since: 28 Apr 2012)

thats a loot of money:0

posted on 25 May 2012, 06:36 1

7. dejahu (Posts: 35; Member since: 01 Feb 2012)

Looks pretty terrible if the CEO of a company is turning down this kind of offer within the company.

posted on 25 May 2012, 06:58 1

8. remixfa (Posts: 14605; Member since: 19 Dec 2008)

We all know Steve McGreedy Jobs would never have turned it down.. he also never would have payed dividends to outside sources anyways.
I wonder why he turned it down? Is a lil blurb of positive press worth 75 million?

I definitely have "more" positive feelings about Cook that I do of Jobs, but he is still continuing the culture of slave workers, even if he is doing a few nice gestures for his american works.

posted on 25 May 2012, 07:39 2

9. JeffdaBeat (unregistered)

I don't even think the man has been in the position for a year yet. You can change things that dramatically in less time than that. Even Jobs' massive turnaround didn't happen in less than a year. Although I doubt Apple will bring their manufacturing back to the states...I am still hoping we see something...even in the Apple Stores...where people can make a better living from working there.

posted on 25 May 2012, 09:11 1

13. remixfa (Posts: 14605; Member since: 19 Dec 2008)

i was thinking specifically of how Sharp is getting in on the display game with apple.. and how sharp partnered with foxconn to get it done. Thats more apple production workers tied to foxconn that could have been prevented. That was a decision that Cook could have played a part in if he wished. Maybe I'm hoping for a bit much, but if Cook really cared, he would be finding ways to get away from foxconn's practices, not adding more workers to the fold.

posted on 25 May 2012, 11:52 1

14. taco50 (banned) (Posts: 5506; Member since: 08 Oct 2009)

Samsung does business with Foxconn how do you feel about that hypocrite?

posted on 26 May 2012, 18:24

16. remixfa (Posts: 14605; Member since: 19 Dec 2008)

does samsung make all of their products with foxconn? can you tell me which ones they do? The big name stuff and new tech is all in house.
I love samsung's high end tech, but i know better than to buy their low end stuff. Thats the stuff made by foxconn.

im not a hippocrit, your just a troll without a clue.. or a life.

posted on 26 May 2012, 21:36

17. InspectorGadget80 (unregistered)

So does Apple you dumb a$$. How do u feel when the Foxconn workers suicide themself making those ipads/iphones. You probably dont care bout them

posted on 25 May 2012, 07:48

10. tluv00 (Posts: 134; Member since: 18 Oct 2007)

He turned it down because he really has not earned it IMO. They are still riding the momentum from Jobs and right now Cook needs to really carve out his own book of products under his watch.

Even the iPhone 5 is seen as Jobs last product so until that is launched there really isn't anything that Cook can say he "owns".

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