Cisco CEO John Chambers raked in almost $400 million while Cisco's shareholders lost almost 30% of their investment
Thu, 7/29/10 - 5:51pm View comments
Over a 10-year period, Cisco Chairman and CEO John T. Chambers raked in almost $400 million, while simultaneously, Cisco's shareholders lost almost 30% of their investment:
Furthermore, according to the report this week in The Wall Street Journal:
Four of the 10 highest-earning executives ran companies whose shareholders lost money over the decade: IAC/InterActive, Countrywide, Capital One and Cendant Corp.
The disparity between those CEOs' fortunes and those of their shareholders is "pretty depressing," and "suggests there's a fair amount of pay without performance," said Jesse Fried, a law professor at Harvard University and co-author of a 2004 book, "Pay Without Performance: The Unfulfilled Promise of Executive Compensation."
