Steve Jobs' Salary Was $1, But What About Tim Cook?
Tim Cook's 2010 compensation package amounted to just under $60 million.
With news that Apple CEO Steve Jobs is stepping down, all eyes are on his replacement Tim Cook, who has promised staff that things won't change just because Steve is gone. However, one thing that is likely to change is the CEO's salary. While Steve Jobs has earned just $1 per year (don't worry, Mr Jobs has approximately 5.5 million Apple shares, he's not starving), Tim Cook's salary for 2010 was significantly more.
According to Forbes.com, Tim Cook's compensation for last year was a little over $59 million. His actual base salary was $800,016, but he received a $5,000,000 bonus, $52,334,250 in restricted stock awards, $58,306 that's marked under 'all other compensation,' and $900,000 via non-equity incentive plan compensation. All of this adds up to a grand total of $59,092,572. In January, AppleInsider reported that that $5 million bonus was a "special award" to recognize Cook's "outstanding performance" in overseeing the company's day-to-day operations during Jobs' 2009 medical leave of absence. He was also given 75,000 restricted shares of AAPL stock for his troubles.
It's not yet known how much Cook will receive for filling in for Steve Jobs during his most recent leave of absence. It's also not known if Cook will receive a salary bump now that he's the CEO. It's also not clear if Steve Jobs will receive a retirement package from Apple. The San Francisco Chronicle says Apple's financial statements give no indication of any severance package, pension or health plan for Steve.

I will use thsi as a pick-up line:
"My salary is higher than Steve Jobs, are you free tomorrow at 8?"
The ones in China also make $1.
I will use thsi as a pick-up line:
"My salary is higher than Steve Jobs, are you free tomorrow at 8?"
I'm no math wiz here but I'm guessing $800,017.
Jony la gente está muy loca
Yes, it obviously is, but you have to keep in mind how well Apple is doing, financially. The stock has done very well over the past few years and, as high-priced as it is, has room to go up further thanks to the company essentially dominating the tablet/smartphone market, along with Google. So, investors are reaping the benefits of Jobs'/Cook's assured stewardship of the company over the past decade. The mobile area is the future of computing, and Apple looks set to have a lion's share of the revenue, barring some catastrophic screw-up.
CEO compensation ideally should reflect the fiscal performance of the company which the CEO runs. To be sure, there are many CEO's earning salaries that are far out of proportion to their company's level of success, but Cook is not one of them.
now i get why he want that salary
The ones in China also make $1.
Cook gets $52.33 million a year and lots of market shares.
(Bonuses not counted)
What the hell is up with Apple's money distribution!?
It doesn't matter. If the company is willing to pay him that much then it's their business. If the stockholders complain then they can voice their concerns with them. Right now everybody within Apple is making money until we as consumers stop buying their products which isn't likely to happen anytime soon unless they royally screwed things up.
I'm not saying he shouldn't get a bonus, or that it shouldn't be fairly large given their success, but 5 million is enough for someone to live their entire life on. These corporations really need to let some of their wealth trickle down to their work force. More money trickling down is more money that people can spend on luxuries, which is more money that the business makes in the end. If the CEOs keep all the wealth for themselves, eventually the people who they expect to buy their products aren't even going to have enough money to buy them, their sales suffer, and the company fails. These guys just see dollar signs and figures and pat themselves on the back every time sales go up, even if it has nothing to do with them. Too bad that 5 million will become nothing but toilet paper when the currency devalues.