The San Jose Mercury News is reporting that Martin Duane Smith has been arrested for taking $1.4 million from Cisco as a headhunter fee to search for and recruit top executives – but he never did the searches, because he was too busy with his real estate fraud, according to prosecutors. Doesn’t Cisco get all its executives through acquisitions anyway? That was probably the prosecutors’ first clue.
Michael is a senior editor with Network World focused on deciphering the strategies of many core high-tech vendors such as Cisco, Arista, Juniper, HPE and IBM. Michael has been writing about the industry for more than 33 years and has won coverage awards from ASBPE and FOLIO. He has a BA in Journalism and Technical Writing Certificate from The Pennsylvania State University.