Apple CEO Tim Cook has declined to accept a special dividend from the company of 75 million dollars, just days after he was named the world's top paid corporate boss, dpa reported. Apple disclosed Cook's move in a regulatory filing late Thursday in which it said that it had granted special "dividend equivalents" to employees holding restricted stock units. Apple has issued the so-called RSU's to employees for several years because unlike stock options, whose value fluctuates wildly with the company's share price, RSUs retain more of their value when share prices drop. The company is set to start paying dividends of 2.65 dollars per share in July. Apple issued Cook some 1 million RSUs in January in what the company said was compensation for running the company during the medical leave of co-founder Steve Jobs and as a retention bonus. -- SPA
