Yeah, that was Chambers all-right. Now if I may digress...
Funny thing, a lot of people dismissed Chambers's one-dollar move as just a cheap PR stunt, in that he just wanted to look like he was sharing in the pain of the 8500 layoffs, while not really sharing the pain (i.e. he didn't give up any of his stock options, for example). Fair enough, but on the other hand, I didn't see any other CEO's of companies that did big layoffs doing anything comparable. McNealy of Sun, Barrett of Intel, Roth of Nortel, Fiorina of HP, McGinn/Schacht of Lucent, Armstrong of AT&T, Nasser of Ford (OK, Nasser isn't there anymore), Tucci/Ruettgers of EMC, etc. etc. While slashing thousands from their payroll,did these guys cut their salaries at all? So the way I see it, while of course it is true that Chambers could have done more to share the pain, on the other hand, he did a whole lot more than those other guys did. So you could say that Chambers is a pretty cool guy, relatively speaking. > > > Actually I think I read in an article that Chambers cut his salary to $1.00 > a year. I am 99% sure this was Chambers who did this, but have been known to > be wrong once in a while. ;-) Message Posted at: http://www.groupstudy.com/form/read.php?f=7&i=25891&t=25805 -------------------------------------------------- FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
