When I mentioned all those other companies like Sun and HP, I hope I didn't come off as trying to bash them and implying that Cisco was somehow better than they were. Those companies may well have chosen to respond to the economic downturn by taking care of their employees in their own way. But I think it is safe to say that Cisco has acted in a much more humane manner than places like Marchfirst and the dead dotcoms. I tell you, not only denying severance benefits (or providing severance checks that bounce), but also refusing to pay workers their backwages and expenses, it doesn't get much more dishonorable than that. ""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=2453&t=2453 -------------------------------------------------- FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
