Stunt, maybe. But still better than nothing. For example, off the top of my head, I can't recall the CEO of any other company which has undergone major layoffs do anything comparable. Craig Barrett - Intel, Scott McNealy - Sun, Carly Fiorina - HP, Mike Armstrong - AT&T, Jurgen Schrempp - Daimler Chrysler, Bernie Ebbers - MCIWorldcom --- I haven't heard any of them do anything comparable. This group of companies is probably responsible for more than 75,000 layoffs. Like I said, I don't begrudge execs making it big when times are good. What I am sick and tired of is when the pointy-haired bosses continue to live it up when times are bad and headcount is being slashed left and right. So is Chamber's move symbolic? Yeah, probably so. Sure, he can easily afford to give up his salary. But he didn't have to do it, nobody put a gun to his head. And like I said, I don't see any other company exec's doing the same thing, and just like so many other things in life, it's all relative. So you could say that Cisco is a cool company, relatively speaking. XC ""Jason Roysdon"" wrote in message [EMAIL PROTECTED]">news:[EMAIL PROTECTED]... > It's a stunt. His salary was like $300K. What are his stock options for > the year worth? I can't recall the numbers I heard (plus rumors aren't > worth much if you can't find some proof). I found this story stating in > 1997 he received 800,000 stock options for the year. $300K is a drop in the > bucket with those sort of options (granted, you need to cash them in at the > right time). > http://www.forbes.com/asap/1998/0223/052.html > > Oh, I found a better link from April '99 when he exercised 900,000 options > and then sold 850,000 of them for a profit of $80M: > http://www.xent.com/apr99/0013.html > > Oh, I found even better numbers: > http://www.business.com/directory/computers_and_software/cisco_systems/peopl > e/chambers,_john_t/ > > I wonder if he's giving up the $1M bonus for the year? The man has $1.23B , > yes BILLION worth of stock options. Is it a stunt? Hmm. I'm not jealous, > nope, not me ;-) > > Ok, $300K compared to $1B, it's 0.03% of his worth. Whoop-tee-doo. > > -- > Jason Roysdon, CCNP+Security/CCDP, MCSE, CNA, Network+, A+ > List email: [EMAIL PROTECTED] > Homepage: http://jason.artoo.net/ > > > > ""xc"" wrote in message > [EMAIL PROTECTED]">news:[EMAIL PROTECTED]... > > > Now some of you may be thinking that the $1 salary is just a Cisco > > publicity stunt. Sure, maybe so. > FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html > Report misconduct and Nondisclosure violations to [EMAIL PROTECTED] Message Posted at: http://www.groupstudy.com/form/read.php?f=7&i=2452&t=2452 -------------------------------------------------- FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
