October 04, 2002
0/100 salary ?

We all know about the 90/10 and 80/20 salary plans - where the last 10 or 20 percent respectively is dependent on the performance of the employer and the company in general. John Chambers - the CEO of Cisco is stepping forward and taking a 0/100 salary plan. His fixed salary is now one dollar. So that his only pay is the payoff from his stock option plan. I'm sure he can afford it after the golden years, but still. Way to make a statement Mr. Chambers.

Posted by Claus at October 04, 2002 02:13 AM
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