“Pointing out that Apple CEO Tim Cook in May refused his US$75 million dividends from over 1 million shares, Proview’s founder and chairman Yang Rongshan–who fought with Apple for the iPad trademark in China and was awarded US$60 million by the court–said people around him realized the amount was ‘very close with the compensation Apple would pay for Proview,'” Cyrus Lee reports for ZDNet.
“Ray Mai, who served in the legal department for Proview’s Taiwan arm, held the same view. Speaking to IT Times, a mainland-based technology newspaper, Mai said the trademark dispute was distinguishable from other infringement cases as someone in Apple who had made a mistake, and the consequences of which should not be passed to the shareholders,” Lee reports. “‘Since Steve Jobs was gone, Cook should take up the responsibility,’ said Mai.”
Lee reports, “Apple lost a lawsuit against Proview in December 2011 when it said it was the legitimate owner of the iPad trademark in China. In a filing with the U.S. Securities and Exchange Commission in late-May 2012, Apple indicated Cook asked his restricted stock units not receive dividends amounting to around US$75 million. A Chinese higher court announced last month Apple paid US$60 million to Proview and settled the case through mediation in China.”
Read more in the full article here.
