Subscribe to Brad Reese speaks out

Fired top Cisco exec has been cleared of all criminal charges by court
Thu, 3/3/11 - 4:44pm    View comments

Fired top Cisco executive Carlos Carnevali has been cleared of all criminal charges by a recent court ruling.

It now appears Carnevali is pursuing Cisco in court by claiming his dismissal by Cisco harmed his professional life.

Carnevali claims Cisco never even bothered to learn the simplest facts about his criminal charges and that Cisco abandoned him after he had served 15 long successful years spearheading Cisco's very successful Latin American operations.

Astonishingly, Cisco remains on a legal hook which seeks to require Cisco to pay a stunningly large amount, $3.215 billion, in tax penalty claims originating from Carnevali's now dismissed criminal charges.

View the entire 152-page court ruling.

Related story:

Tax penalty claims against Cisco are growing at a staggering $11.7 million per day

What's your take, was Cisco too hasty in kicking Carlos Carnevali to the curb?

Also, is it possible that Cisco itself might be the guilty party here, which will perhaps eventually require Cisco to pay billions in tax penalty claims?

Subscribe to Brad Reese speaks out

1. Cisco vs. D-Link, HP and NETGEAR competitive lab test
2. Tax penalty claims against Cisco are growing at a staggering $11.7 million per day
3. Did Cisco dump the ASA 5580 because of its HP heritage?
4. Cisco's edge router market share has dropped a stunning -36%
5. Network security will be the highest priority according to the 2011 IT spending intentions report
6. Cisco's product gross margin dropped a whopping -10% over the past 5 quarters
7. Cisco's Q2FY11 sales sequentially declined in collaboration, other, routers, security, switches and total sales
8. Inactive Cisco CCIEs are growing at an 81% faster percentage growth rate than active Cisco CCIEs
9. Cisco's trademarks are thriving as third-party domain names
10. Cisco's Randy Pond slams U.S. suppliers while favoring suppliers overseas
11. Has the Cisco CRS-3 caused network outages at both Comcast and AT&T?
12. Cisco's the worst performing stock on the world famous Dow Jones Industrial Average (DJIA)
13. Download for FREE - Enterprise Application Firewalls for Dummies
14. A whopping 75% of Cisco's new job creation was in locations outside the United States
15. HP networking Cisco trade-in program - A Catalyst for Change
16. Cisco's SP edge router market share down -12% since 2005
17. 14% of Cisco CCIEs appear to be inactive or suspended
18. HP E5400 zl and HP 8200 zl switches vs. Cisco Catalyst 3750-X and 4500 switches
19. Slide presentation detailing Cisco's strategy for acquiring LineSider
20. View archive of Brad Reese speaks out