The CEOs of the world's top tech companies only take a $1 a year salary. Not Chucky.
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I recall a year where the previous CEO (JC) took a $1 salary. According to Google, it was in 2002. IIRC, it was to avoid doing a lay-off, but I don't remember now. It was before my Cisco career started. I started just before Cisco discovered the joy of annual reductions.
At least back then they announced the affected #'s before the reductions started. Gave people a couple of months to re-consider substantial purchases before making them.
Most CEOs who do this are also technologists, founders and leaders, and their companies are their “babies.” They’re willing to take a personal risk for the success of the company. (And yes, they make plenty in options.) Chuck is none of these things. He’s just a middling sales guy who kissed the right butts for a lot of years. If he cared at all about Cisco or its employees, he’d take his millions and run now.
Top CEO's getting a $1 yearly salary............LOL
What they really get is 100's or 1000's of stock shares or options. Translated, they get millions.
We all agree chuckles is despicable in many ways. But as long as the street continues to be fooled, we have to live with him.