Last week, we learned that Cisco CEO John Chambers and other company execs at getting millions of dollars in their year-end bonuses. This week, we learn of their salary raises for 2008.
Chambers is getting a 7% boost to his base salary to $375,000, according to a regulatory filing Wednesday, as reported by Reuters.
Including the $3.5 million bonus that Chambers will receive at the end of this year, his total compensation, including options, for ’07 will be $10.98 million, according to Reuters.
Other execs receiving raises next year include Chief Development Officer Charlie Giancarlo whose salary will jump from $450,000 to $750,000, and CFO Dennis Powell, who will get $575,000 compared to $425,000.
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