It is mostly to appease the stockholders who have filed suit against Cisco for the decrease in stock price. They claim Cisco Executives knowingly kept the stock price inflated. I have been following the story in the Journal. Heather Buri In a message dated 4/29/01 4:44:11 AM Central Daylight Time, [EMAIL PROTECTED] writes: 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/ Message Posted at: http://www.groupstudy.com/form/read.php?f=7&i=2454&t=2454 -------------------------------------------------- FAQ, list archives, and subscription info: http://www.groupstudy.com/list/cisco.html Report misconduct and Nondisclosure violations to [EMAIL PROTECTED]
