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

It really doesn't matter...

0

It really doesn't matter... I think we have more important things to blog about in this forum...

I could careless

0

I really don't care where the jet is, just as long as it doesn't crash on my house. I'm pretty sure we could come up with a better topic. How about I have the ccnX certification, but where are the jobs at? How did I get my start into networking. Landing that entry level network job

Take your pick

0

Hi Frank,

Take your pick.

Appreciate your input.

Sincerely and most gratefully yours,

Brad Reese
BradReese.Com Cisco Refurbished

As a Cisco employee and shareholder...

0

What this story misses is that for John's tenure as CEO of (my) company he has not been using the company jet, because Cisco doesn't have one. John has been using John's jet, for company business, on his own dime.

During the last economic meltdown John reduced John's salary to $1 in 2001 for a few years. I believe several other senior leaders at (my) Cisco were reduced as well. While the market expects to (my) Cisco to provide a particular return on assets, this reduction in salaries kept a lot of (my) Cisco team members employed.

As for telepresence, I use it several times a week to keep in touch with my clients and my Cisco team. Cisco telepresence has keep me at home significantly more in the last 9 years - my frequent flyer and hotel summaries prove this out. My wife loves it, because her husband isn’t returning from a Friday afternoon meeting late on Friday night or Saturday morning, and crossing half a dozen timezones. Telepresence = Working hard and having a life at home too.

Lastly, I wish you researched the stories of Cisco lore that have John’s jet flying family members to critical family events. It’s a shame that it is truly a rare blog post that strives to uplift in these trying times.

Clarification

0

To clarify the last paragraph. John's plane has flown Cisco employee families to catastrophic family events.

Value of Cisco stock options exercised

0

Am sure the $6 billion of total pretax intrinsic value of Cisco stock options that were exercised during fiscal 2008, 2007, and 2006 (page 74) helped provide Chambers with the "financial means" to be so generous and charitable.

Thank you very, very much for letting us know more about the generosity and kindness of Cisco CEO John Chambers.

Sincerely and most gratefully yours,

Brad Reese
BradReese.Com Cisco Refurbished

Conflict of Interest?

0

Brad,

In the interest of fairness, at the end of every negative story you write about Cisco perhaps you should disclose whether you have a financial interest in a Cisco competitor. Doesn't bradreese.com compete directly against Cisco for the sales and support of refurbished Cisco gear?

Disclaimer: In the interest of fairness, I must disclose that I have a long position in CSCO.

Exactly how is this a negative story?

0

To be fair, exactly how is this a negative story?

Additionally, Cisco does not support the secondary Cisco equipment market, however, BradReese.Com does!

Regarding my financial interests, currently own and still have unrealized stock gains in the following stocks:

General Electric
Intel
Johnson & Johnson
Proctor & Gamble
Wyeth
3M

Shares recently sold with gains:

Proctor & Gamble
Du Pont E I De Nemours & Co
3M
Wyeth
Johnson & Johnson
General Electric
Intel

Stock recently sold taking a loss:

Royal Dutch Shell Plc ADR

Perhaps as Cisco's highly touted Operating Committee, Councils, Boards and Working Groups move into new market adjacencies, the above stocks will eventually become Cisco competitors!

Sincerely,

Brad Reese
BradReese.Com Cisco Refurbished

How is the story negative?

0

How is the story negative? Without knowing the purpose of the trips (business? pleasure?) or even who was on the plane, you say that the flights were taken because Telepresence "just couldn't cut the mustard".

Also, if when you say that "Cisco does not support the secondary Cisco equipment market" you mean that Cisco does not sell refurbished gear, then I disagree:

http://www.cisco.com/web/ordering/ciscocapital/refurbished/index.html

I still have a long position in CSCO.

Well yeah!

0

Well yeah!

It appears that Cisco TelePresence doesn't "cut the mustard" for certain business and pleasure purposes, sorry but it's obviously true.

For yours truly it would be a hoot just to do "touch & goes" in a $50 million private jet.

Unfortunately, authorized/factory refurbished Cisco is not the same as the secondary Cisco equipment market.

Are you willing to go on record that you think the next CEO of Cisco will be the "executive" who turns authorized/factory refurbished Cisco into a major success?

Certainly the market potential is large enough for such an effort, but why won't Cisco seize the opportunity?

And why won't the next CEO of Cisco be they guy/gal who makes it happen?

Sincerely,

Brad Reese
BradReese.Com Cisco Refurbished

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • You can use BBCode tags in the text.
  • Lines and paragraphs break automatically.
  • Allowed HTML tags: <p> <strong> <i> <br /> <br> <ul> <ol> <li> <dl> <dt> <dd> <blockquote>

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Welcome, visitor. Register Log in
About Brad Reese on Cisco

Brad Reese cofounded BradReese.Com Cisco Refurbished, which enables affordable 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 Toll Free:

866-864-0506

International callers may wish to call Brad by dialing:

850-364-4115

Archives
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
Categories
A classic scam to defraud Cisco's SMARTnet program
America's Best profile written by Useem regarding Chambers' success
Avian Securities Senior Telecom Research Analyst - Catharine Trebnick
Breakingviews.com correspondent - Robert Cyran
CCIE
Careers
Charlie Giancarlo - Managing Director of Silver Lake Partners and Skype investor
Cisco
Cisco ASR 9000 architecture
Cisco ISR G2 Module Support
Cisco Integrated Services Router Generation 2 (ISR G2) Model Comparison
Cisco Integrated Services Routers Generation 2 Portfolio
Cisco Unified Communications Support for Microsoft Windows 7
Cisco is pushing their ASR 9000 at very competitive prices
Cisco is warning Unified Communications customers about NOT successfully offering support for Microsoft Windows 7
Cisco technical star Jonathan Rosenberg
Cisco will have no liability for any delay in delivery
Data Center
Douglas Smith - Cofounder and President of Network Instruments
Expand visibility of NetFlow-dependent NBAD and compliance applications
GigaStor captures and converts packets in NetFlow data flows
Index Venture partner Danny Rimer
Jonathan Rosenberg - a Cisco Fellow in Cisco's Voice Technology Group
Juniper MX960 lab test results
LANs / WANs
Mark Roberts - Polycom vice president of partner marketing
Michael Useem - Professor of Management
Microsoft
NetFlow
NetFlow add-ons
NetFlow overhead can overtax infrastructure
Network Behavior Anomaly Detection (NBAD)
Network Management
Non-NetFlow capable devices are blind to local traffic
Produce NetFlow about any device
SMB
Security
Selection committee member for America's Best Leaders
September 2009 vs. October 2009 Worldwide CCIE Count Comparison
Silver Lake Managing Director - Egon Durban
Skype's cofounders Niklas Zennstrom and Janus Friis
Software
The Charlie angle is to keep Dave Roux on track
The new Cisco ISR G2 portfolio is priced as follows
VoIP / Convergence
What are the benefits of GigaStor NetFlow Agent?
What’s new on the Cisco ISR G2 models vs. the old ISR models?
Windows 7
Windows 7 just not worth an all-out urgent effort by Cisco to support
Wireless / Mobile
eBay CEO - John Donahoe
sFlow
sFlow and NetFlow provides extended visibility
On The Web
Twitter