Via morningstar.com, in 2010 Apple had 65,225,000,000 in revenue.

Total operating expenses for 2010 were $7,299,000,000, just 11.2% of revenue.

Executive compensation was $148,424,291. That is 2/10ths of 1% of revenue. That is just for the the top five execs and Jobs only took $1 in compensation. Still I don't think it is accurate to say that a 'significant' cut of revenue goes to 'the executives'.