Cisco hasn’t been a Growth company for nearly 15+ years. Investors look to Cisco for dividends and not growth. Hence it’s a value company.
Cisco made its first full layoff in the early 2000 and then John Chambers was noticeably very upset. Now it’s every qtr and the norm.
Investors look to Cisco for dividends and not growth.
So I'm supposed to want 3% dividends on a stock that's lost 18% of its value since late 2021?
John Chambers was a true leader.
He led the stock from $82 to $8 and it stayed below $25 for most of the last 15 years of his tenure. It took Chuck under four years to double the stock price. Chambers never created a functioning development organization so now Cisco has four broken routing/switching OSs instead of one with the resulting increase in technical debt which chokes Cisco to this day.
He hated laying off people and only did it when necessary.
My site was hammered with near quarterly layoffs since the 2001 layoff. It was also "necessary" for a billionaire to gets tens of millions in bonus when he massively failed to achieve his targets, because he believes in accountability!
Hang his picture on your bedroom wall, play recordings of his speeches at night, whatever floats your boat, but stop pretending that once there wasn't infinite money in networking he performed well for his remaining 15 years.
Chambers su-ked too. He should have bailed years earlier than he did so someone good could take over. He waited so long all the good candidates left and we were stuck with Chuck.
John Chambers was a true leader. He hated laying off people and only did it when necessary. People were more important to him then any dividend.
Now Chuck with Fran's help is destroying us! Kelly seems to be drinking the LR kool-aid now too, so there is no end in sight. We need new leadership at the top for this ridiculous LR culture to change! Dividends and their exec compensation is obviously more important than the people.