Here goes. I know, I’ve got to work on the whole centering-my-face in the screen thing. I should add that Ned Phelps, whom I just met, is a very entertaining guy. Not that I really captured that (or tried to) in the video. But here’s a little sample. George Soros has an opinion piece in today’s FT headlined “The worst market crisis in 60 years.” Phelps peered at it suspiciously, then said, “What is Soros referring to when he says ‘the worst crisis in 60 years’? That was 1948.”
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Apple CEO Cook Gives Up $75M in Stock Dividends
NEW YORK — Apple CEO Tim Cook is giving up $75 million in dividends on restricted stock that the company is awarding to all of its employees.
In a filing with the Securities and Exchange Commission on Thursday, Apple Inc. said that Cook requested that his restricted stock units not receive dividends. The dividends that Apple workers are getting amount to $2.65 per quarter for each restricted stock unit held. The shares are not normally eligible to receive dividends, so Apple’s decision is a perk for its employees.
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Ken Houghton
