Poornima Gupta for Reuters:
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 an SEC filing that Cook refused the dividend income, but didn’t offer any additional explanation when asked by the press.
So…does Apple the company just keep that money?
Never mind, per @asymco:disqus , it just stays in the company bank account.
It would be great if his answer was “I earn enough already.”
If he took it people might claim the whole reason he introed the dividend program was to net himself more money?
His reason is no one’s business. Much like his sexuality etc. He has a right to refuse and he did. Enough said.