SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.030.0%Dec 24 12:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Amy J who wrote (66085)8/27/2004 2:09:16 PM
From: Jorj X Mckie  Read Replies (1) of 77400
 
I like the idea of blind trusts for executives who want to diversify.

One factor to look at with Chambers would be whether or not the options had an expiration date. If he was in a "use it or lose it" situation, it takes some of the "he was a timing genius" out of it.

Of course, he could have exercised to own (or done a partial sell to buy the remainder). Having done this, I would never do it again. Many people in silicon valley exercised options and purchased the shares rather than selling outright. And when the market crashed, they were saddled with the tax burden at the higher price while holding stock that was worth a quarter of the value when they exercised. Basically they got upside down on the transaction. For non-qual options, I would never exercise to own.....regardless of the company. I am sure that there are those who will disagree.

As far as the heir apparent to chambers. I suspect that it is currently James Richardson. But there have been many heir apparents over the years. Gary Daichendt was one, Don Listwin was another. Often the heirs apparent decide that they want to head up their own company sooner rather than later.

One of the things that I always try to keep in perspective with public companies and Wall Street, They are in the business of *selling* stock. If the owners of companies about to go public really thought that the real value of their company was going to skyrocket, they would never sell their share of the company in the first place. They would remain private and reap the rewards.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News