Thread regarding Cisco Systems Inc. layoffs

MM's Comp Plan - let this sink in

As Executive Vice President and Chief Operating Officer at CISCO SYSTEMS, INC., Maria Martinez made $15,100,025 in total compensation. Of this total $869,231 was received as a salary, $2,411,505 was received as a bonus, $0 was received in stock options, $11,805,348 was awarded as stock and $13,941 came from other types of compensation. This information is according to proxy statements filed for the 2023 fiscal year.

This is in addition to her huge sign on deal. On average she's been paid $12M / year while at Cisco and produced ? It didn't take $60M for us to "understand" the importance of Annual Reoccurring Revenue or Incremental Revenue.

by Anonymous
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Post ID: @OP+1raKGs2f
Comment! It's anonymous!

12 replies (most recent on top)

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

If you think that the compensation was not commensurate with results or effect or whatever... take a look at the SEC release from the time she joined..
One can not make up the disregard to optics/ethics what ever.. Cisco paid $77K and 6 months of living including daily consumables (I kid you not - it lists spices, bread milk, ..)
for her move from - wait for it - San Jose, California to San Jose, California...

The company whose C-level execs sit in a building on Morgridge Way has been doing things for long time which are any thing but. (John Morgridge's way was to share taxi rides with other CEOs when he visited DC, no corporate Jet, Frugality as the corporate ethos)

by 100K+toMovefromSanJosetoSanJose
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Post ID: @3scp+1raKGs2f

Not anymore, as of today

by Anonymous
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Post ID: @1jdj+1raKGs2f

She made Biden look competent

by Anonymous
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Post ID: @1ssp+1raKGs2f

Truly disgusting. She wrecked CX and left it as a hot steaming pile of horse manure.

by Anonymous
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Post ID: @1gvm+1raKGs2f

She could be president based on the last 3 years of both driving a thriving place through the ground. It will take years to recover, if ever.

by Anonymous
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Post ID: @1zgb+1raKGs2f

Cisco COO Maria Martinez Suddenly Departs In Wake Of Widespread Layoffs
https://www.crn.com/news/networking/2024/cisco-coo-maria-martinez-suddenly-departs-in-wake-of-widespread-layoffs

by Anonymous
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Post ID: @gtu+1raKGs2f

I'll never forget when she spoke at GSX and everyone got up and started walking out of the MGM arena. LOL!

by Anonymous
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Post ID: @qra+1raKGs2f

She's been dreadful for Cisco. I hope SF cronies go with her.

by Anonymous
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Post ID: @mah+1raKGs2f

Kool $1mil/year. Good money if you can get it. No wonder she always looked happy. Now we know.

by Anonymous
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Post ID: @ozd+1raKGs2f

Just imagine such people working at a small/medium size business. They would likely not achieve much...

by Anonymous
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Post ID: @ygv+1raKGs2f

Another $150M of cash flushed down the drain by Chuck
He would have hired the first two women that he interviewed to make sure he got the diversity check mark

by Anonymous
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Post ID: @ycv+1raKGs2f

You can thank Gerri Elliot for that one....

by Anonymous
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Post ID: @eyj+1raKGs2f

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