Thread regarding Cisco Systems Inc. layoffs

Cisco Voting Items

The Board of Directors recommends you vote FOR Proposals 1, 2, 3, 4, and 5 and AGAINST Proposal 6 submitted by a shareholder.

1 - Election of the listed Directors
2 - Approval of the reincorporation of Cisco from California TO Delaware
3 - Approval of amendment and restatement of the 2005 Stock Incentive Plan
4 - Approval, on an advisory basis, of executive compensation
5 - Ratification of PricewaterhouseCoopers LLP as Cisco's independent registered public accounting firm for fiscal 2021.
6 - Approval to have Cisco's Board adopt a policy to have an independent Board chairman

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Post ID: @OP+17ObmQrS

7 replies (most recent on top)

Step 1: buy CSCO shares.

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Post ID: @2wpp+17ObmQrS

When is the voting and how do i vote?

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Post ID: @1ksm+17ObmQrS

An old article but still, generally, accurate:

https://www.mentalfloss.com/article/76951/why-are-so-many-us-companies-incorporated-delaware

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Post ID: @1ccs+17ObmQrS

How about systematic caste-based discrimination? Takes a pretty evil corporation to preach diversity & inclusion but enable some pretty horrific 18th century atrocities.

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Post ID: @1opg+17ObmQrS

Cisco moving to Delaware has next to nothing to do with corporate taxes. It's mainly about Delaware being a very corporate law friendly state. The state laws are very favorable to businesses in regards to what they can and can't do. Plus when legal cases arrive Delaware courts move quickly.

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Post ID: @1trq+17ObmQrS

The execs don’t have controlling interest. A small pension fund from Omaha Nebraska has more votes that all the execs. But they will keep Status Quo.
But I still voted for an independent chairman.

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Post ID: @bhq+17ObmQrS

For #1, I've heard people mentioning here about voting against CR as a board member, but will they allow us to vote on each board member separately or do we have to accept them all as a group?

For #2, it's about time Cisco tried to avoid CA state taxes, but how much of the CA tax breaks Cisco receives will be lost once they reincorporate to Delaware? While they can avoid income taxes, they'll still have to pay property and sales taxes in CA.

For #3, what was the 2005 Stock Incentive Plan? Does this mean they'll go back to offering stock to new hires in order to attract employees?

For #4, they're not sharing any #'s of what the executive compensation is. But whatever it is, it's too much for a group of people who can't manage a company without having to resort to annual layoffs to bump up stock prices.

#5 is just maintaining the status quo, who cares.

#6 was the biggest shock to me, even over the request to reincorporate in Delaware. Too bad it won't pass because too many exec's have (between them) controlling interest plus many employees just vote by proxy/don't vote so not enough people oppose the board's recommendations.

What are people's thoughts on Proposals 2, 3, 4 & 6?

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Post ID: @zam+17ObmQrS

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