Apple Inc. Chief Executive Tim Cook will not be earning dividend
income on the more than 1 million shares to which he is entitled,
which will cost him about $75 million. Apple said in a filing with
the U.S. Securities and Exchange Commission on Thursday that Cook
had asked to be excluded from a recently instituted company
program through which employees can accumulate dividends on their
restricted stock units that are still vesting.
Asked why Cook was doing this, Apple declined to comment beyond
One can only presume he did this to avoid any suggestion that he instituted the dividend to enrich himself personally.