Apple CEO Tim Cook Declines $75M in Dividends

Apple CEO Tim Cook, 51 is saying no to $75 million in dividends on restricted shares of stock he owns.

"At Mr Cook´s request, none of his restricted stock units will participate in dividend equivalents," the filing said. A reason was not specified.

Even without such dividends, Cook is one of the highest-paid CEOs. In 2011, he earned $378 million in total.