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Apple CEO Turns Down Pay

avatar By Cindy McDaniel

31 May 2012 33 views
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Apple CEO Turns Down Pay
Apple CEO Tim Cook is turning down a payout worth approximately $75 million. Cook is requesting that he not receive new stock dividends, after receiving just shy of $400 million in compensation last year. One writer chalks it up to classiness.

Apple CEO Tim Cook is turning down a payout worth approximately $75 million.

Cook is requesting that he not receive new stock dividends, after receiving just shy of $400 million in compensation last year.

One writer chalks it up to "classiness." It's a "remarkable" gesture "in an era when entitlement, greed and arrogance are so often part of the job description."

 

(READ the story from CS Monitor)

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