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Best of the Blogs: Apple's Tim Cook Forgoes Dividend, Earns Respect


Minyanville's daily roundup of some of the best financial commentary from around the Web.

This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written.
All Things D
Apple CEO Tim Cook's Stock Rises With Choice to Turn Down $75 Million Dividend
"Apple (AAPL) CEO Tim Cook is proving himself as much a master of employee and investor relations as he is of operational efficiency. His decisions to create a charitable matching program for Apple employees and to grant a long-pined-for dividend to company's shareholders have won him a lot of favor among both groups, while putting his own stamp on Apple. And now Cook has made another move for which he's likely to win accolades. Cook is forgoing a $75 million dividend to which he's entitled." (Also read How Apple Sellers Got Burned on Facebook.)

New York Times: Media Decoder
"The integration of Hollywood's film business with that of China continued Monday as the Bona Film Group, a Chinese movie company, announced that News Corporation (NWS), the owner of 20th Century Fox, had acquired a 19.9 percent stake in the company."

Wall Street Journal: Market Beat
Link: Euro Plunge On the Horizon, Analyst Says

"The common currency has been hit hard over the last few weeks, quickly tumbling from $1.30 to around $1.25 as Europe's sovereign-debt crisis has picked up steam. Investors are fixated on contingency plans for a potential Greek exit from the eurozone, which has led to weakness in the euro." (Also read As Europe Falls, Expect Precious Metals to Rise.)
Huffington Post: The Blog
"Japan's Nikkei Index has declined nearly 11 percent in the last month, while the S&P 500 (SPY) has lost 7 percent since the beginning of May. The Spanish IBEX has tumbled 7.6 percent in the last 30 days and is now down 37 percent during the past year! These price adjustments are absolutely essential for the long-term health of the global economy, but I doubt the central banks will sit idle much longer."

Dr. Housing Bubble
Link: Foreclosure Amnesia
"There is a danger with keeping mortgage rates artificially low for such a long time. I've seen countless marketing pitches from those in the industry now using the historically low interest rate as the major impetus for people to buy. Ignore the weak income growth or massive budget deficits both at the state and federal levels because low interest rates are the elixir for all the ills in the world." (For related content, see Bank of America's Towering Symbol of Foreclosures.)
Twitter: @wont_tweet_ever
No positions in stocks mentioned.
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