True - he is finally out. Confirmed.
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From PacketFabric, Inc. v David Ward Lawsuit (Case 2:24-cv-00618-GMN-EJY):
Statement made to the Court by David Ward's legal counsel:
"4. The June 14, 2023 Separation and Release of Claims Agreement (2023 Agreement") provides for, among other things, twelve months of payment of base salary and additional cash consideration of $420.625.00. These are further grounds which establish theamount in controversy herein exceeds $75,000."
Statements made to the Court by PacketFabric as attested to by Cornelius Sheridan (Dave Ward's Partner at DigitalAlpha and fellow Board Member at PacketFabric):
"14. After Ward's departure as CEO of PacketFabric, PacketFabric discovered that Ward,while still employed by PacketFabric, had attempted to enter into multiple additional unauthorizedagreements.
- These unauthorized agreements include (i) a June 14, 2023, "Separation and Releaseof Claims Agreement" purporting to provide Ward with "separation consideration," (ii) a purportedfirst amendment to the Separation and Release of Claims Agreement, and (iii) a purported secondamendment to the Separation and Release of Claims Agreement (collectively, the "UnauthorizedAgreements").
- The Unauthorized Agreements were never agreed to, approved by, or ratified by,PacketFabric's Board of Directors. As such, the Unauthorized Agreements are invalid andunenforceable.
- In fact, PacketFabric's Board of Directors was never even informed of the existenceof the Unauthorized Agreements while Ward was employed by PacketFabric.
- The Unauthorized Agreements purport to supersede the 2020 Agreement, includingthe 2020 Agreement's severance provisions. Specifically, the Unauthorized Agreement purport toprovide to Ward severance or separation amounts in excess of the amounts contemplated by the 2020Agreement, as well as in excess of any reasonable amount of remuneration given Ward's performanceas CEO and the financial health of the Company while Ward was CEO.
- Ward now seeks financial payments from PacketFabric pursuant to the UnauthorizedAgreements.
- Because the Unauthorized Agreements are invalid and unenforceable, Ward has noright to any payments under the Unauthorized Agreements. Instead, Ward's rights vis-à-vis hisemployment with PacketFabric are governed solely by the 2020 Agreement.
- Ward asserts that he is entitled to financial payments pursuant to the terms of the Unauthorized Agreements. PacketFabric, conversely, asserts that the Unauthorized Agreements areinvalid and unenforceable because they were never approved by, agreed to, or ratified byPacketFabric's Board of Directors. Rather, PacketFabric asserts, the only agreement that governs the employment relationship, including any severance or separation payments between PacketFabric and Ward, is the 2020 Agreement."
*As the Chief Technology Officer of Engineering, Chief Architect, and Senior Vice President at Cisco’s Networking and Security Business, Dave drove innovation for the company’s entire platform, product and solution portfolio ... * in to the ground.
Vincent English from Megaport is now CEO, DW stating on at PacketFabric as CTO. Our deepest condolences to anyone who has to report to this tu-d.
Padma Warrior is coming back too. Cisco needs like 100 CTOs.
Dave Ward is coming back to Cisco.
oops he did it again, PacketFabric is bankrupt, fired and furloughed all the employees. yes, Dave Ward's bravado ki-led another great product, he brought another business down, he spent all the investors money and there's nothing show for it. Dave Ward, of PacketFabric is an awful person.
Dave Ward PacketFabric CEO is a chump people are jumping ship like a titanic
That Forestry major was once the CTO of Cisco, think about that for 2 minutes. Hmmmm, maybe that's why Cisco has been going down - missed the cloud train, missed the video conference bandwagon, missed the security rocket ship.
Lesson learned I guess. Forestry majors belong in the forest, not at a tech company.
But we still have a math major as our CEO. Cisco is totally screeeeeeweed, big time!!
Dave Ward is King of the Douchebag Club.
Dave Ward was loathed at Cisco and he’s creating the same feeling at PacketFabric! We can’t stand him! He’s a tool!! Make him go away. He’s on our useless list!
Actually Dave is a very smart dude. Seems you are on his useless list.
His replacement is a failure - everybody knows but she is part of the Cisco Brahman sect.
Who cares? that was like a year ago. Countless other relevant people have left since
Dave Ward. now of PacketFabric, is a loser. People hate him. Dave Ward is a blowhard and just talks to talk. He says nothing! The people of PacketFabric have spoken, we want you to leave, you’re terrible and a misogynist!!!
Dave Ward is making people take down negative Glassdoor posts. It will not happen here! Get with the program, Dave, people don’t like you. You’re a bad manager. You are a blow hard. You haven’t done anything to move the company forward in the year+ you’ve been the CEO of PacketFabric. In your owns words, DFIU…well you’ve F-ed it up and just spent all the investors money with zero to show got it. Put on some shoes and walk out the door, we can’t stand you and your lies.
Dave Ward is TOXIC.
Chuck will never take Dave Ward back. He sidelined him a long time ago and Dave had no power at CSCO after John Chambers left. Chuck thinks people who lie and don’t wear shoes are losers, and that’s Dave. Good luck to you poor people who have to work with him.
The People at PacketFabric want Chuck to buy their company - that is why they want Chuck to get Dave back.
Not sure what gap can PacketFabric fill in the offering except for automation where CSCO has always failed given the scope of the solution and difficulties of having a product line to address it.
How are Dave Ward's Forestry major technical skills working out at PacketFabric? Run away, fast and far.
Could Chuck please take Dave Ward back? I work at PacketFabric, please help us? He hired all the people who left Cisco with buyouts and they stink up the virtual office. Like fish in a microwave.
Dave Ward is the definition of incompetence. What a white male egotist with no talent.
Well, he earned his exorbitant pay for the last five years - NOT
GFR
Looks like it's finally true. Cisco has rid itself of it's Forestry major, totally unqualified, parasite, technology, b–ls—r chief.
https://www.marketwatch.com/story/cisco-cto-heads-to-packetfabric-to-take-up-ceo-role-2020-04-21
His job just got reconfirmed By the big svp
Who?
Fake story
Dave Ward travelled to Seattle on 17th Nov. Saw him boarding Delta flight to Seattle on SJ Airport.
Not true. Where is proof.
I would say "pet rock" rather than "rock star." After engineering millenia were wasted he had a system which took hours to boot while processes repeatedly crashed along the way due to a wide range of systemic errors. The good news is they have a deep bench of bodies with no systems and architecture experience to replace him (if you couldn't get another job after vesting this could be you!)
No surprise. He lost a couple of senior people in the last LR, including a couple of fellows. He's been on the warpath ever since. I saw him at one engineering all hands sitting in the audience second row asking sniping questions on his laptop to the SP VP answering them one row in front, and to the engineering eVP on stage. He's probably made a lot more enemies over the last months. And he already had a a lot.
Service provider "rock star" who had/has no influence on business strategy, explains the Jimmy Buffet look..
No shoes as in sandals or barefeet? Why ?
Was it to indicate that fespite being a general he was uh grounded and in touch with the cowering troops in the foxholes?
Did he have his shoes on ?
mmh, they still see him around in Building 10 ... a clone ?
another one leaving the disaster that is Cisco. Why would anyone with skills or ambitions outside of networking think this bureaucratic, employee-hating, political bog think they can turn it around. Another victim of BU b---s---, over-promises and tired, old thinking.
Dave Ward is doing great job.if this is true, would be another big issue for chuck to fix quickly. I have posted a question after the last Beat, on how long Dave will survive these big mess by the so called ELT!!
Forestry major? Was he a Purdue graduate by chance? When I was there failed engineers seemed to gravitate toward Forestry or Industrial Management.
Is t that the guy who used to wear no shoes at the all hands/company meetings? What a douche.
Forced out or is moving on to greener pastures?
The b---s---ter Forestry major will not be missed by the engineering organization.
CTO