Cisco Chairman's Pay Package Totaled $19.6 Million in Latest Year
September 30 2015 - 6:11PM
Dow Jones News
By Tess Stynes
Cisco Systems Inc.'s (CSCO) chairman and former chief executive,
John T. Chambers, received a total compensation package valued at
$19.6 million for the fiscal year that ended in July.
The total marked a 19% increase from the nearly $16.5 million
package he received the previous year. The increase was mostly
related to stock awards and nonequity incentive plan compensation
to reflect the company's improved performance from the prior year,
according to a filing with the U.S. Securities and Exchange
Commission.
Mr. Chambers stepped down as CEO is July, ending a 20-year run
at the helm of the networking-equipment giant. He was succeeded by
Cisco veteran Chuck Robbins, a senior vice president that had
specialized in sales and relationships with customers.
Mr. Chambers arrived at Cisco in 1991, and took over as CEO in
1995, spearheading an extraordinary growth phase. Snapping up many
smaller companies, he moved Cisco from its pioneering stronghold in
Internet devices known as routers into switching systems and the
home, placing Cisco at most important junctions of the Web.
Write to Tess Stynes at tess.stynes@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 30, 2015 17:56 ET (21:56 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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