I guess if you fire enough employees you can get 2 million in bonus
This is the SEC Filing which spells out who got what, and it was not just Chambers who got money.
https://www.sec.gov/Archives/edgar/data/858877/000119312509187835/d8k.htm
Executive Vice President and Chief Financial Officer Frank Calderoni ($900,000)
Wim Elfrink, executive vice president, Cisco Services and chief globalization officer ($1 million)
Randy Pond, executive vice president, operations, processes and systems ($900,000)
Richard Justice, executive vice president and executive advisor ($750,000).
I wish I ran my business like this, but when you are just using stock holder money to pay bonuses after your net income fell 24% and sales were down almost 9% you have to laugh at it.
Cisco’s Compensation and Management Development Committee “considered the company’s solid financial performance during a period of tough economic challenges, and each individual’s key role in driving operational excellence and strong profitability” in making the discretionary payments, the filing said. —- What a bunch of BS that is, why not pay the engineers who are doing all of the work?
I am sorry but I really don’t get it, but who does when it comes to Cisco.
