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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 77.80

-1.9%

Dec 12 9:30 AM EST

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To: GVTucker who wrote (56110)	10/30/2001 12:32:57 PM
From: RetiredNow	Read Replies (2) of 77400

Graef's arguments aren't that ingenious. Yes, Chambers received another option grant, but according to a couple of friends of mine who work there, so did many employees. It just so happens that CEOs get more options than managers and line employees, so the 2 million options seems high. However, why don't you check out what other CEOs are getting? Chambers compensation is not out of line with other CEOs. In addition, Graef forgot to mention that Chambers' salary is now $1, at his own request. I agree with you that Cisco should cut down on its option grants (maybe to only the top 10% and purchase those shares on the open market). But Chambers is taking his lumps in line with employees.

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