Michal Marek Apple is certainly not a company that is currently suffering from a lack of funds. In addition, thanks to the more open way of managing the company by Tim Cook, the main representatives of the Cupertino company decided to pay dividends to their shareholders. The concession, which probably would not have passed under the reign of Steve Jobs, is certainly not just symbolic, and dividends are paid in the amount of $2,65 per share, which is certainly not little.
This move is intended to help Apple insure its employees and stockholders and keep them with the company for years to come. Of course, the company's current CEO Tim Cook also owns a large number of Apple shares, but he surprisingly waived his dividends.
Tim Cook, like Jobs before, receives a monthly salary of one dollar and a bonus equal to one million shares of the company. The first half of the total will be vested in Cook within five years of his appointment as chief executive last year, and he will receive the second half in ten years. Tim Cook, however, refused to receive rich dividends for his shares and thus gave up any movable property in the amount of about 75 million dollars.
Even with this gesture, Tim Cook once again shows himself to be a very accommodating employer and head of the company. His way of leading Apple is certainly a far cry from the way Steve Jobs ruled, and time will show how right he is. However, it is already clear that Cook is doing his absolute best for good relations with investors, employees and the general public, and this approach could pay off.
The price of one Apple share is currently around $558, and dividends are being paid for the first time since Steve Jobs returned to the company in 1997.
What is this nonsense? This article is kind of weird. It is said that he receives $1 as a salary, however, in some earlier article here on Jablíčkář, you could see how much people in the company receive and the only jobs there were $1, at that time Tim Cook was already CEO and received about 900,000 USD annually or something like that, I don't know off the top of my head, but definitely not one dollar. However, if that's the case, that's only good. Honestly, having his fortune, I probably don't need to take more than a dollar :D