How did CR get the job?
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So Chambers took you from a peak of $82 (it crossed under $50 for the rest of Chambers' tenure less than 9 months later) to a bit above $28 over more than 15 years, then Chuck took over and the stock is now $50 during a period where packet pushing is far more a commodity.
Go back over history and look at the most valuable companies over the decades. Most of the giants a few decades ago are shells of their former selves because it is extremely difficult for large companies to change. Eastman Kodak, Polaroid, Sears, General Electric, IBM, HP, AIG, Oracle, Cisco Systems and others have risen and fallen over the ages. The biggest tech companies now have direct interaction with hundreds of millions to billions of end users each, so no matter who is CEO Cisco is they aren't likely to establish and continue to lead in such a new technology.
From Linksys which Cisco had to sell off to the camera that couldn't be recharged because it overheated a few minutes after connecting a charger to a giant brick of a tablet with a small screen whose top ten business applications include "flashlight" to the telepresence system that came with a $60/mo charge when the world moved to texting Chambers proved the company can't do end user products.
Chambers would not be doing the LRs that we are doing today.
Chambers' first layoff was in 2000 and took the company from 48,000 employees and contractors to 35.000, tossing 27% of the company in one shot. Layoffs were occurring fairly continuously from then forward, sometimes quarterly, although it didn't become as publicly apparent until the economic collapse starting at the end of 2007.
Give me some Chuck quotes as stupid as "we have 36 first priorities this year and we'll have 100 next year!" or "I will always have unrealistic expectations of you" or "don't fall into the trap of helping other people" when the last one was formally part of my job description?
#1) Chambers bears most of the blame. Cisco was successful in the late 90s despite him. Everything bad since then is his fault. 2) He chose CR, ya dummy.
Don't drag Chambers into it. Chambers and Chuck don't get along. Chuck and Fran through LRs is slowing destroying the foundation Chambers built. Chambers would not be doing the LRs that we are doing today.
ole boys club
@plj+1mEzRty4 You are so naive.
He applied & went through the interview process like everyone else. He beat out the oldsters who thought they were the heir to the throne, all of whom subsequently left the company. Chambers wanted someone younger in the role.
Connected Recognition?
@iox+1mEzRty4 No that one is obvious. Because he’s making the board rich.
He's good at selling Cisco to Wall Street & customers. Also skilled at dramatically cutting costs without receiving negative PR.
That's not important. What is puzzling is how has he managed to keep the job for so long.