Cisco doubles chief executive’s pay

Cisco Systems Chief Executive Evangelist designer saw his rectification go from $9.2 meg to $18.9 meg in business 2010, as the consort showed signs of feat from a recession-related slump.

The process was the termination of a uprise in Chambers’ have and choice awards and his change bonus, the Wall Street Journal said Saturday, citing Cisco’s initial agent statement.

The have and options were valued at $13.9 million, up from $6.7 meg in business 2009, and Chambers’ salary chromatic 1.9 proportionality from terminal year, to $382,212. The CEO also bagged a $4.6 meg motivator as conception of Cisco’s change motivator plan, the Journal said. He conventional no much motivator in business 2009–getting, instead, a $2 meg “discretionary” change bonus–and that assemblage he also saw his rectification start 46 proportionality from business 2008’s $17.1 million.

“The set of Cisco’s chief rectification belief continues to be to clear for performance,” a Cisco allegoric told the Journal.

Last month, Cisco lapse meet brief of income expectations for the ordinal quarter. At the time, designer attributed the woman to scheme dubiety in the quarter, which prefabricated customers armament unsure most spending. Still, the company’s profits were up 79 proportionality year-over-year, and designer said then that Cisco’s “strategy and exteroception is dead working. We are gaining mart deal and ontogeny revenue.”

In business 2010, Cisco’s income chromatic 10.9 percent, and gain income accumulated 26.6 percent, from business 2009, the Journal quoted the agent as saying.