Thread regarding Cisco Systems Inc. layoffs

CX VP, Maria's offer letter

For those who think they are underpaid.

https://www.sec.gov/Archives/edgar/data/858877/000085887718000015/exhibit102martinezoffertra.htm

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Post ID: @OP+1grrZBkS

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Everything in these offer letters is jaw-dropping. But the bonus target of 135% of base salary is nauseating.

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Post ID: @4ocv+1grrZBkS

Everything in these offer letters is jaw-dropping. But the bonus target of 135% of base salary is nauseating.

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Post ID: @4aqx+1grrZBkS

https://www.sec.gov/Archives/edgar/data/858877/000085887718000015/q1fy1910-qexhibitelliottle.htm

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Post ID: @3pmj+1grrZBkS

Outrageous. It's daytime robbery. She's awfully clueless and replaced all of CX management with her chronies.

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Post ID: @2efq+1grrZBkS

That's a lot to get paid for to ruin an entire organization within the company

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Post ID: @nab+1grrZBkS

That's absurd for any executive.

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Post ID: @mle+1grrZBkS

Disgusting. Reading this almost transformed me into an anti-capitalist.

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Post ID: @znj+1grrZBkS

After reading the post (Today was My Last Day) and this post, I know what my plan should be.

  • salary will be USD $675,000 per year
  • sign-on bonus of USD $13,000,000
  • your Bonus Target is 135% of your base salary for the current fiscal year
  • you will be granted a new hire equity award with an approximate grant date fair value (rounded up) of $12,000,000
  • we will also recommend to the Committee that in fiscal 2019 you be granted an annual equity award of $8,000,000
  • you will receive domestic relocation assistance benefits consisting of 6 months of temporary housing, 6 weeks of salary as a miscellaneous allowance to help cover expenses, plus travel and goods shipment to the bay area.
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Post ID: @krx+1grrZBkS

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