Thread regarding Cisco Systems Inc. layoffs

Look at the Cisco ELT Compensation and current state of business

https://www.sdxcentral.com/articles/news/cisco-files-sec-documents-revealing-its-top-executive-salaries/2018/11/?utm_source=SDxCentral.com+Mailing+List&utm_campaign=4f896d2d4f-Daily_Newsletter_2018_11_20&utm_medium=email&utm_term=0_c2b6e504a2-4f896d2d4f-82019209

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Post ID: @OP+WeRrJE7

7 replies (most recent on top)

Layoffs are a sign of poor management. Cisco execs are paid handsomely to strategize and plan ahead but do neither. Rather than laying off employees (which costs Cisco in severance, in loss of talent/knowledge and industry reputation), they should have planned ahead and trained employees on forward looking processes and technologies.

It’s easy to lay people off. Any dumbo can do that. Exemplary leaders prevent the carnage through careful hiring practices and planning.

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Post ID: @7iav+WeRrJE7

They are paying the women a few extra millions to close the “gender pay gap”.

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Post ID: @1vcm+WeRrJE7

Would be worth it at twice the price.

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Post ID: @1ain+WeRrJE7

this is exactly why my department doesn't have funding for cost of living raises

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Post ID: @1ztt+WeRrJE7

Such people will only win in real life. In next 10 years, just 1% of such people will hold 98% of US wealth.

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Post ID: @1pfp+WeRrJE7

CEO

Total Compensation (approx.): $21.28 million

Base Salary: $1.32 million

Stock Awards: $14.69 million

Annual Incentive Plan: $4.99 million

Other: $99,940

CIO

Total Compensation (approx.): $11.44 million

Base Salary: $850,000

Stock Awards: $8.59 million

Annual Incentive Plan: $1.85 million

Other: $57,109

EVP and General Manager, Networking and Security Business

Total Compensation (approx.): $11.09 million

Base Salary: $825,000

Stock Awards: $9.84 million

Annual Incentive Plan: $1.82 million

Other: $57,109

EVP and Chief Customer Experience Officer

Total Compensation (approx.): $19.34 million

Base Salary: $675,000

Stock Awards: $12 million

Bonus: $6.5 million

Annual Incentive Plan: $400,569

Other: $45,687

EVP and Chief Sales and Marketing Officer

Total Compensation (approx.): $16.85 million

Base Salary: $750,000

Stock Awards: $10 million

Bonus: $6 million

Annual Incentive Plan: $385,941

Other: $45,687

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Post ID: @1onf+WeRrJE7

Chuck, V2momma, manly CFO, Gerri and David G all making $11M+ annually, business outcome? LRs every Q as if it’s engineers fault so they are punished for lack of vision, poor execution and pathetic strategy

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Post ID: @ryr+WeRrJE7

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