Cisco Systems CEO John Chambers received $14.2 million in compensation for the last fiscal year, up 16 percent from last year, reports the Associated Press. Cisco’s low revenues left executives with no payments from the company’s cash incentive plan this year, which in 2008, awarded Chambers $3 million. The board gave Chambers a discretionary bonus of $2 million for fiscal 2009, a reward for “vision and leadership” in guiding the company through the economic crisis, according to a Securities and Exchange Commission filing.
Cisco CEO Chambers Received $14.2M in 2009
Cisco Systems CEO John Chambers received $14.2 million bonus despite poor revenues in the past year.
September 25, 2009