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Houston-based Oxford “is a publicly traded Asset Resolution company specializing in the purchase and management of individual and bulk loan portfolios consisting primarily of Sub-Performing, and Non-Performing Residential and Commercial loans.” I went to its website after reading a post at Calculated Risk about Oxford buying a bunch of mortgages from an unnamed bankrupt lender for “approximately 30% of the collateral value.” Now that sounds like a nice business.
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.
