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Apple have said in a filing with the US Securities and Exchange Commission that CEO Tim Cook has asked to be excluded from a newly set up company program through which employees can gather dividends on their restricted stock units that are still vesting.
The Telegraph says that Apple have refused to offer a reason why.
Tim Cook replaced the late Steve Jobs as company CEO in August last year. He has 1.125 million outstanding restricted Apple shares that are vesting over the next 10 years. Apple said in March that shareholders would get a cash dividend of $2.65 per share.
In January the Apple board gave Cook 1 million restricted stock units for running the company while Jobs was out sick. Half of those units are vesting in 2016 and the remainder in 2021.
Kitguru says: Cook is already a very rich man.
This tells me he is going to leave soon. Then stay as an adviser (very reduced capacity) until 2016 maybe. It is not easy to run a company like Apple now with huge pressure to produce another winning product in the face of competitors. Its lawyers seems hell-bent on lawsuits to edge their advantage and that is running thinner by the day.
Cook has stayed low keyed so far and has not made much strong statements to positive effect, so he would personally think, that cannot last very long without their stock sliding downwards. Another possible loss or reduced capacity could well be Jonny Ive as he wanted to return to the UK since a couple of years ago. He might make such a more as most would say, there is not much Ive can contribute to Apple. Unless Apple moves into a new territory and we have yet to see that.