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I’m back in New York. And while I’d really prefer to be back in bed as well, I figure I ought to signal my return with this shot of the sun setting on the Sweetwater Mountains (they’re on the California-Nevada border north of Mono Lake, we were one range to the west). When Barbara’s in charge you get well-reasoned posts on important social and economic issues. With me, it’s vacation photos.
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.
