Apple’s Steve Jobs sticks with $1 salary while COO Cook nets $59.1 million

07.01.2011

“Mr. Cook’s compensation is set at a higher level than the other named executive officers to reflect his additional responsibilities as Chief Operating Officer. In addition, his 2010 compensation included a discretionary bonus and special RSU award in recognition of his outstanding performance during Mr. Jobs’s in 2009,” the company wrote in its proxy statement.

The company, meanwhile, grew its revenue and profits by a whopping 52% and 70%, respectively, in 2010. Revenue came in at $65.2 billion, up from $42.9 billion in 2009. Net income hit $14 billion, up from $8.2 billion in 2009.

Total pay for Jobs and Cook is calculated using data supplied in a proxy statement filed with the SEC on Jan. 7.

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