Skip Links

Network World

Brad Reese

Whereabouts of private jet owned by Cisco CEO John Chambers

By Brad Reese on Thu, 02/26/09 - 10:13pm.

The Private Jet Owned by Cisco CEO John Chambers

According to the most recent IRS Form 990 (page 28) filed by Cisco CEO - John Chambers, he admirably donated $10K to the local Boys & Girls Club. Chambers has also been just as generous and charitable to Cisco stockholders by not seeking reimbursement (proxy statement, page 51, last paragraph) for the expenses he has incurred in the operation of his own private jet (view the actual photo of his jet above) when it was used solely for Cisco business.

Nonetheless, the proxy statement said Cisco's board gave Chambers approval to seek reimbursement for his business use of his private jet:

"In September 2008, the Board of Directors adopted a travel policy whereby the Company’s Chairman and Chief Executive Officer, John T. Chambers, is generally required to utilize a private airplane for business travel because his responsibilities on behalf of Cisco entail substantial national and international travel.

"Mr. Chambers will be reimbursed for expenses incurred in the operation of his private plane when used solely for Cisco business provided such expenses do not exceed the market rate charged for equivalent commercial charter travel.

"To date, there have been no reimbursements made to Mr. Chambers under this policy."

Cisco CEO John ChambersSo where are the whereabouts of Cisco CEO John Chambers' private jet during those times Cisco TelePresence just couldn't cut the mustard? Based on available records, Chambers will fly on average 7 times a month traveling mainly around the Western U.S. and occasionally visiting more exotic locations like Hawaii and Brussels....

The New York Times quoted Chambers earlier this month regarding his jet, "I own my own plane, and that is a huge cost. I just got a new one and paid for it myself. I continue to pay for a lot of expenses on my own. I think you should take your salary down when tough times occur, and that’s my recommendation for the industry."

New - Updated Daily: Where's Cisco CEO John Chambers today?


Don't be shy, how much do you think Cisco CEO John Chambers pays out-of-pocket to fly in his own private jet?

Brad Reese
BradReese.Com Cisco Refurbished
Contact: Brad Reese
Twitter: http://twitter.com/BradReese
Call Toll Free 866-864-0506 or International 850-364-4115
Brad's Favorite Story Picks

  1. Revealed: Surprises in the 4Q08 Ethernet switch market
  2. New CCIE count: Beginning roots of a new tech boom?
  3. Cisco stock repurchases ... what's the point?
  4. Cisco CEO joins finance committee of Ex-eBay CEO running for Governor of California
  5. Do Chicagoans Sen. Roland 'Tombstone' Burris and Nortel CEO Mike Zarifovski have credibility problems?
  6. Cisco margins take haircut from reseller rebates!
  7. Is Cisco short of cash in the U.S.?
  8. Mr. Warmth, comedian Don Rickles: Are Cisco employees hockey pucks?
  9. No payments for Cisco UC deployments, up to $10M, Cisco customer receives 3 month deferral
  10. Did Borat help Cisco bring its Mobile WiMAX technology to make benefit for glorious nation of Kazakhstan?
  11. View Brad Reese on Cisco Story Archives

Cisco Repair

Refurbished Cisco

Cisco Power Supplies

New Cisco Equipment

About Brad Reese on Cisco

Brad Reese cofounded BradReese.Com Cisco Refurbished, which enables affordable Cisco networks globally by assuring customer satisfaction with guaranteed one year warranties on both Cisco Repair as well as Refurbished Cisco.

Don't be shy, contact Brad Reese online or call him at 646-827-1130.

 

Most Discussed Posts

On The Web
Twitter