I agree that there may be other reasons to what Chambers is doing. Appease shareholders by forgoing his salary? Perhaps. But, again, I would go back to my argument from before - that it's all relative. Companies always get sued when their stock price crashes. Exhibit #1 - all thosedotcoms, which crashed and burned faster than Mir. But you hardly ever see any of those execs giving up any salary willingly. Whenever execs lose any kind of compensation, it is almost always due to a mandate from the Board of Directors, and the execs fight it tooth and nail. Chambers and company gave it up voluntarily. Regardless or whether he may have done it to appease ticked-off-shareholders, he still did what very few other company execs are willing to do, and for that I can say that he is a relatively good guy. XC wrote in message [EMAIL PROTECTED]">news:[EMAIL PROTECTED]... > It is mostly to appease the stockholders who have filed suit against Cisco > for the decrease in stock price. They claim Cisco Executives knowingly kept > the stock price inflated. I have been following the story in the Journal. > > Heather Buri > > In a message dated 4/29/01 4:44:11 AM Central Daylight Time, > [EMAIL PROTECTED] writes: > > 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/ > 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=2487&t=2487 -------------------------------------------------- FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
