Chuck and Fran keep appearing in the media talking about how they approach inequality and politic differences and that they are stepping up to the cause. Chuck told CNBC “I don’t think that any of us have the option to be quiet anymore”. I think it's time for the employee base of not only Cisco, but all companies in general to stop being quiet about exec pay, company performance, and how they treat average employees.
Chucks pay has been ~$20M a year while revenues have continued to decline and the stock price has remained flat. There is no consequence to poor performance and he keeps getting paid 182 times the median employee pay. This isn't limited to him alone but the entire rank of executives.
Meanwhile, the employees doing the work are constantly told that we don't have money for focal cycles, can't promote, have limited stock to grant, etc. because the company isn't doing well. This problem isn't limited to Cisco alone and is a broader issue in corporate America.
With all of this said, isn't it time that we start holding leadership accountable for truly taking career of their employees vs. them being the only ones reaping the awards? The rah rah media stuff is a smokescreen distracts everyone from the real truth. An extra day of PTO of for my birthday or giving me time to volunteer doesn't put food on my table, gas in my tank, or get me any closer to being able to retire.