Cisco CEO's pay package dipped 9 pct in past year

Sep 27, 2012

(AP)—Cisco Systems Inc. trimmed CEO John Chambers' pay package for the past fiscal year by 9 percent as concerns about growth at the maker of computer networking equipment weighed on its stock.

Documents filed with the show the value of Chambers' compensation totaled $11.7 million, down from nearly $12.9 million in the previous fiscal year.

Most of Chambers' pay was tied to the future performance of Cisco's stock. That's been the case through most of Chambers' 17-year reign as CEO. That arrangement has worked out well for both Chambers and the company, which is based in San Jose, Calif. Adjusting for stock splits, Cisco's shares have increased by 10-fold under Chambers' leadership.

But Cisco's stock fell 2 percent in its fiscal year that ended in July.

Explore further: Dailymotion should stay in European hands, France says

0 shares

Related Stories

Cisco CEO's pay fell by third, same as share slump

Oct 19, 2011

(AP) -- Cisco Systems Inc. CEO John Chambers saw his pay package fall by nearly a third in the company's fiscal year that ended in July, a period when the company's shares dropped by about the same amount.

Cisco's latest results show signs of turnaround

Nov 09, 2011

(AP) -- Cisco Systems Inc., the world's largest maker of computer networking gear, is showing signs of pulling a turnaround, exceeding analyst sales expectations for the second quarter in a row.

Cisco cuts long-term sales growth forecast

Sep 13, 2011

(AP) -- Cisco Systems Inc. lowered its long-term sales forecast on Tuesday, acknowledging that its days of heady growth won't return in the foreseeable future.

Cisco beats estimates with 2Q earnings, sales (Update)

Feb 08, 2012

(AP) -- Cisco, the world's largest maker of computer networking equipment, on Wednesday said that its net income jumped 44 percent in the latest quarter as it continues to put last year's slump behind it.

Cisco extends recovery, net income up 63 pct in 3Q

May 12, 2010

(AP) -- Cisco said Wednesday that its net income for the latest quarter rose 63 percent from last year, as the economic recovery gave customers the confidence to spend on big-ticket networking gear.

Cisco earnings fall 46 pct but beat expectations

Aug 05, 2009

(AP) -- Cisco Systems Inc. said earnings fell 46 percent in its latest quarter, but the profit beat Wall Street expectations, and the company said the quarter may have been the bottom of the recession-related ...

Recommended for you

Dailymotion should stay in European hands, France says

3 hours ago

France opposes exclusive talks between Orange and Hong Kong's PCCW group for a 49 percent stake in Dailymotion, preferring a European partner for the French video-sharing platform, the finance ministry indicated ...

FTC's Google investigation probed by Senate antitrust chief

18 hours ago

The chairman of a U.S. Senate antitrust panel will look into the release of a confidential Federal Trade Commission report on an investigation of Google Inc.'s search business, which was closed in 2013 without an enforcement ...

Traffic court goes digital: Startup fosters settlements

18 hours ago

Traffic court is going digital. Michigan startup Court Innovations has developed a software solution that allows drivers to settle traffic violations by negotiating in a virtual environment instead of showing up to court ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.