Networking

03:10 PM
Connect Directly
RSS
E-Mail
50%
50%

Cisco's John Chambers' Pay Improves As Cisco Fattens The Bottom Line

After asking for a $1.00 base salary in 2001 to reflect Cisco Systems precipitous decline, the firm's president and chief executive John Chambers is back in the chips.

After asking for a $1.00 base salary in 2001 to reflect Cisco Systems precipitous decline, the firm's president and chief executive John Chambers is back in the chips after his prior base salary of $350,000 has been reinstated, as the firm's financials have improved in recent month.

Dow Jones reported that a Cisco filing with the Securities and Exchange Commission stated that Chambers' compensation including bonus remuneration was $1.9 million, covering the year ended July 31; that reflected improved profits and equity returns. Chambers also exercised two million options for $38.3 million in the last fiscal year, Dow Jones said.

In addition, Chambers held more than 30 million options valued recently at $203 million. The company's stock price, which rose above $70 a share five years ago, was trading this week for slightly over $18.

Comment  | 
Print  | 
More Insights
Cartoon
Slideshows
Audio Interviews
Archived Audio Interviews
Jeremy Schulman, founder of Schprockits, a network automation startup operating in stealth mode, joins us to explore whether networking professionals all need to learn programming in order to remain employed.
White Papers
Register for Network Computing Newsletters
Current Issue
2014 Private Cloud Survey
2014 Private Cloud Survey
Respondents are on a roll: 53% brought their private clouds from concept to production in less than one year, and 60% ­extend their clouds across multiple datacenters. But expertise is scarce, with 51% saying acquiring skilled employees is a roadblock.
Video
Twitter Feed