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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: voop who wrote (23329)4/24/2000 10:10:00 AM
From: Knight  Read Replies (2) of 54805
 
"When you include the company's extravagant stock option giveaways.."

I'm mainly a lurker here, but couldn't resist responding to the above in the Ackerman article. What Ackerman points to as a weakness, I see as one of Cisco's most important strengths. Namely, they understand the extreme importance of employee retention to a new economy tech company.

I used to work for a once successful well-known tech company that didn't seem to understand this. They eventually met with difficult times, and whenever there was a bad quarter and a layoff occurred, the R&D organization usually got the ax along with everyone else. Stock options of any significance seemed to be targeted primarily at management and an elite few technical folks. Of course, each time this happened morale plummeted and they lost tremendous technical personnel--some of them, irreplaceable--although I'm not sure management realized this. Of course, the company didn't survive. They never seemed to understand that they were eating their seed corn. I wonder what could have been accomplished by that company if they'd only valued their employee retention the way Cisco does.

In today's economy where tech talent is a scarce commodity, companies that don't let allow employees to directly reap the benefits of a company success are destined to failure.

Disclaimer: I am not employed by Cisco.
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