Must be nice…
https://finance.yahoo.com/news/insider-sell-evp-cfo-richard-120148320.html
12 replies (most recent on top)
Scott is Chuck's puppet cashing out before the door hits him on the way out
KK started the stock buyback debacle. CFOs have no heart.
Kelly Kramer (CFO before Scott) left because she didn’t agree with the Layoff strategy. Scott took this job knowing and agreeing this was how Chuck and Fran operate. Say what you will about Scott, but he contributes to this sick strategy. All of them are sociopaths to cash in millions of dollars on the backs of employees and families they kick out to the street so they can continue to cash in. They feel nothing. Sick.
Scott Herren is the only executive I have heard at Cisco say that having to do layoffs should not be a normal thing. Of course, he said that was when he was only a few months into his job. He seems like a nice guy so I wouldn't be surprised if he left Cisco.
you don't have to how many shares they have, ELTs will ensure they have enough shares to buy coffins, graveyards and grave stones for their entire families.
How many shares does a person of this level usually have in his hands?
Will he have 500,000 shares?
Funded by LR'd salary savings.
May they have a great relaxing holiday, maybe occasionally thinking of the LR'd folks that are now wondering WTH 2024 will now hold for them.
Have a great break.
If the stock drops down to the 30s in six months then enough said.
Scott herren might be getting up and running soon. People at his level know how to control when to get in and when to get out. They don’t need to come to this board to whine.
Yea, though I walk through the valley of the shadow of death, I will fear no evil, For Thou art with me; Thy rod and Thy staff, they comfort me. Thou preparest a table before me in the presence of mine enemies; Thou hast anointed my head with oil; my cup runneth over.
damn this look bad, usually execs sell in small increment spanning over across many months. Unless he know something we don't or is being replaced, this is very odd.
Here’s the math: 119,937 x 50.24 = $6,025,634.88