Monday, September 13, 2010
Cisco CEO paid 18.9 million
I think that this number is outrageous, but rightfully earned. We can draw a comparison between professional athletes with Tom Brady's 78.5 million, 5 year contract with the New England Patriots. What is the cost of becoming superbowl champions. The patriots believe that Tom Brady's contribution to be around the ball park of 78.5 million apparently. It is evident that Chamber's value to the company might even be more than what he is compensated. I say this because of the grand scale of the Cisco corporation. He has increased net income by 1.7 billion and revenue by 3.9 billion. He has likely contributed to more than his 18.9 million dollar salarary over the time he is being compensated. The real question is what do you do once you have that much money. Most athletes would anwser with charity events and organizations, which I feel is a good start. In summary, I believe he is deserving of the high salary and I am curious to see if he follows in the footsteps of other professional athletes in the adoption of multiple charities.
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