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In response to the extortionate demands of one Felix Salmon (and because I agreed with Felix that it’s a good idea), this blog now offers a full RSS feed.
If you don’t know what that means, don’t let it trouble you. It’s, like, really really hard technology stuff, and you’re much better off just reading this blog right here at Time.com. (Maybe click on a few mortgage ads while you’re at it!)
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.
NEW YORK — Profits at big U.S. companies broke records last year, and so did pay for CEOs.
The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.
