Good. It's good to know that the younger generations are smarter than us. Work what you are paid for and that's it.
14 replies (most recent on top)
"name a clue the ELT does not have"
Oh boy. Let's start with the dozens of failed acquisitions Centoni made. Let's look at the Hyperflex debacle or the massive UCS market share decline. Let's look at how this ELT let Arista, PAN, Fortinet, Zoom happen. Why pour 28 billions into such the dead-end that Splunk is? The list goes on and on.
He has not contributed anything to organically grow CSCO.
You have 40 years of technical debt which you'll never dig out of, no obvious new markets that you could grow into and Moore's law hasn't completely failed at dramatically decreasing the price for a given level of performance. The buybacks Trump's tax cuts paid for allowed Cisco to get to a more reasonable P/E of 15 and those that bought and held the stock made a modest amount of return given inflation. I look at some of Cisco's customers like AT&T and Verizon and they are down quite a bit over the last 8 years.
Plumbing is no longer a high growth market and no one has been able to point out what else Cisco could actually execute on successfully to dramatically increase growth (hint: your staff have su-ked at systems, software and managing networks for decades, so think "high margin box no one else has thought of that no one else could make.") Without that all the rest of the whining is for nothing.
@1bhe+1q8bxDKx seems to be clueless as to how CSCO went from 25 to 50 under Chuck.
Answer: Stock Buy backs. CSCO used to have 7.1B outstanding shares. Now it has around
4B. That reduction in outstanding share boosted stock price. However, CSCO's market
capitalization remains same - around 200B.
In other words, all Chuck did was to pump money into Wall Street. He has not contributed
anything to organically grow CSCO.
One more thing, Chuck also missed three stock market booms as well. If this happened in
any other large company, then the CEO would have been fired by board. Unfortunately,
Cisco board is full Chuck's cronies.
I just cruise doing the bare minimum- check in to sales console daily, align meddi across my deals, snd make a few notes. No need to hustle in services- great place to rest and vest!
Seems fair to me when you see clueless ELT members pocket millions while cutting more headcount.
Considering the headcount keeps growing your assertion is a non sequitur.
I've heard people use the word "clueless" here and yet after more than half a decade of asking people to name a clue the ELT does not have the collective you have come up with exactly nothing. Zero. Zilch.
As a public company, legally they answer only to the shareholders. As a legacy company they're limited by the kind of people who would take a job there. Cisco can't do a billion customers. Cisco can't do low margin. Cisco can't do short product timelines. They can't serve customers that can't afford far greater testing resources than Cisco applies. The only item not on this list for three decades or more is attracting talent, and with the layoffs and stock drop starting in 2000 that has been the case for about two decades. This has defined the corporate culture from top to bottom for those time frames. These are massive constraints to moving from the top 20 tech companies to the top 10.
The last CEO took Cisco from $82 to $25 over 15 years and Chuck has taken it from $25 to $50 in 8. People who want to lead new development wouldn't consider the job and I haven't seen any indication that someone who would actually take the job would have done better than Chuck.
I'm baffled at how many folks just repeat ready-made expressions coined by others. Quiet-quitting is one heck of a misnomer. Ain't nobody quitting. It's just doing the bare minimum to remain employed. Seems fair to me when you see clueless ELT members pocket millions while cutting more headcount.
quiet quitting means working your wage and being content with your current pay grade. it doesn't mean you are aiming for LR.
@bww+1q8bxDKx
sutup
Papi, congrats to you!! wishing you a great life ahead, let us know how your part time life goes after retirement.
"That's what 1/4 of this company are currently hoping for. LR'd with nine months pay when you were leaving anyway."
- Yep happned to me five years ago. Took the payoff, went part time from then until now. Next year, for 2024, scaling back to 20 hour weeks part time NOC and ten hours at retail. Life is good. Wishing everyone a similar good trip out the door. It WAS worth it, the package made all the difference. Hope those holding out still get it. Pay off your debts, and hopefully Santa will be good to you by putting you on the LR naughty list for 2024.
This is because of the RSUs are being assigned to managers and upper level. No point in working as a slave. Also balance of work and life is important.
"Many get the LR just before retirement too"
That's what 1/4 of this company are currently hoping for. LR'd with nine months pay when you were leaving anyway.
New hires figure out quickly that Chuck is just a used car salesman that only cares about his oversized ego
I can't blame them. They see how Cisco treats people that were very committed, putting in countless hours, and then they get the LR just because their pay reached a given level or they had a lot of options.
Getting options in lieu of pay is a great indicator you are about ready to get the LR! It the Cisco way of doing things. Many get the LR just before retirement too. It shows how low the Cisco culture has become.