Actually, reading deeper into things, I'll amend this a bit. It's still a stunt of sorts, but his current options are of very low value *until* the economy and Cisco pick back up. Of course, he's still got the $1M bonus. Thinking about things more, stock options really are a great thing to give CEO's, as their value and worth is tied directly to how well the company is performing, which will drive the CEO harder. Some details I've read, he took Cisco from $1B revenue in '95 to $28B last year. He's replaced all the VPs since he came on board, and now have 70 VPs that report directly to him. I'd say he's earned his stock options and more. Plus, his stock options are probably only work a few hundred million right now. -- Jason Roysdon, CCNP+Security/CCDP, MCSE, CNA, Network+, A+ List email: [EMAIL PROTECTED] Homepage: http://jason.artoo.net/ ""Jason Roysdon"" wrote in message [EMAIL PROTECTED]">news:[EMAIL PROTECTED]... > It's a stunt. His salary was like $300K. What are his stock options for > the year worth? I can't recall the numbers I heard (plus rumors aren't > worth much if you can't find some proof). I found this story stating in > 1997 he received 800,000 stock options for the year. $300K is a drop in the > bucket with those sort of options (granted, you need to cash them in at the > right time). > http://www.forbes.com/asap/1998/0223/052.html > > Oh, I found a better link from April '99 when he exercised 900,000 options > and then sold 850,000 of them for a profit of $80M: > http://www.xent.com/apr99/0013.html > > Oh, I found even better numbers: > http://www.business.com/directory/computers_and_software/cisco_systems/peopl > e/chambers,_john_t/ > > I wonder if he's giving up the $1M bonus for the year? The man has $1.23B, > yes BILLION worth of stock options. Is it a stunt? Hmm. I'm not jealous, > nope, not me ;-) > > Ok, $300K compared to $1B, it's 0.03% of his worth. Whoop-tee-doo. > > -- > Jason Roysdon, CCNP+Security/CCDP, MCSE, CNA, Network+, A+ > List email: [EMAIL PROTECTED] > Homepage: http://jason.artoo.net/ > > > > ""xc"" wrote in message > [EMAIL PROTECTED]">news:[EMAIL PROTECTED]... > > > Now some of you may be thinking that the $1 salary is just a Cisco > > publicity stunt. Sure, maybe so. > FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html > Report misconduct and Nondisclosure violations to [EMAIL PROTECTED] Message Posted at: http://www.groupstudy.com/form/read.php?f=7&i=2441&t=2441 -------------------------------------------------- FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
