The Kiviat konspiracy

As you have probably noticed, I’m back from vacation, and Barbara Kiviat is still writing posts. That was partly already in the works because she’s going to the Berkshire Hathaway annual meeting this weekend, but I’ve also asked her to keep on writing here whenever the mood strikes her, and she has agreed. I haven’t actually gotten around to asking anyone else at Time if that’s okay, but I figured we’d abide by the glorious tradition established by Lisa Takeuchi Cullen: Announce online first, ask questions later.

Oh, and that guy Bill Saporito who was supposed to blog during my absence but didn’t? He was really busy. Plus, his back hurts. A lot.

Related Topics: Economy & Policy
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    Associated Press

    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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    Associated Press

    Study: Typical CEO Pay Up 6% to $9.6 Million

    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.

  • Barbara Kiviat

    Thanks, Justin! It’s a real honor to be here.

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