<< Apple Computer Inc. said in a filing on Friday that Google Inc. Chief Executive Eric Schmidt has declined stock options offered to new directors and will instead buy shares on the open market.

Schmidt joined Apple's board on Aug. 29.

Apple said Schmidt turned down the automatic stock option grant to purchase 30,000 shares, which all new directors are entitled to under a company stock option plan.

Alternatively, Schmidt intends to purchase 10,000 shares of Apple stock on the open market, the company said. >>

taken from:
http://in.today.reuters.com/news/newsArticle.aspx?type=technologyNews&storyID=2006-09-01T231250Z_01_NOOTR_RTRJONC_0_India-265773-1.xml