Apple's boss Tim Cook has turned down a payout worth about $75m (£48m).
In July, the technology giant said it would pay a quarterly dividend of $2.65 per share from July, the first time Apple has declared a dividend since 1995.
But a regulatory filing with the Securities and Exchange Commission revealed that Mr Cook will not take up his dividends.
A newspaper recently said that Mr Cook was the best-paid boss in the US.
"At Mr Cook's request, none of his restricted stock units will participate in dividend equivalents," the filing said. It did not say why.
According to the Wall Street Journal, Mr Cook made $378m last year, most of which came from a grant of 1 million shares awarded.
His base salary is $900,000. His predecessor, Steve Jobs, famously had an annual salary of $1.
Source & Image : BBC
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