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Indirectly owned Cisco shareholdings of John Chambers have plunged -88.5% since 2010 So if Cisco's "never ever been better positioned," why would Cisco CEO John Chambers not be putting his money where his mouth is?
New York City: Tue, 2/24/15 - 4:54pm View comments
During Cisco's Q2'FY15 earnings conference call, Cisco CEO John Chambers bragged in an almost continous loop:
"Cisco is never ever been better positioned."
However most curiously, at least according to his Form 4 filing with the SEC last week, Chambers does not appear to have any "real conviction" that Cisco is indeed "never ever been better positioned" (I mean, he's not putting his money where his mouth is).
How so?
Well, both John Chambers' direct and indirectly owned Cisco shareholdings appear to be on a downward trend according to the following visual bar chart:
Direct as well as indirect Cisco shares (CSCO) owned by Cisco CEO John Chambers
Source: U.S. Securities and Exchange Commission
Especially on a downward trend are John Chambers' indirectly owned Cisco shares.
For example, only 5-years ago on September 17, 2010 Chambers' indirectly owned 1,581,075 shares while directly owning 1,802,376 shares (according to the SEC Form 4 filing).
Fast forward to last week, John Chambers now indirectly owns a mere 181,060 shares while also owning directly 1,664,435 shares (at least according to his most recent SEC Form 4 filing).
Heck, that's an indirectly owned Cisco share drop of -1,400,015 shares (-88.5%).
So if Cisco's "never ever been better positioned," why would Cisco CEO John Chambers not be putting his money where his mouth is?
Related documents:
John Chambers' Form 4 SEC filings
Related story:
Did Goldman Sachs become fed up with the outlandish hubris of Cisco's CEO?
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