"Fish Rots from the Head"
Several relatives of one of Cisco's senior executives, Rebecca Jacoby, have been paid handsomely by the company.
Jacoby is a long-time Cisco exec who was CIO, running all of Cisco's internal IT operations under John Chambers.
Under new CEO Chuck Robbins, she got a big promotion. She's now Senior Vice President, Operations, meaning the CIO reports to her, plus she's now responsible for Cisco's massive supply chain as well.
In the company's annual proxy statement, first spotted by Cisco blogger Brad Reese, Cisco made several disclosures about Jacoby's family.
Jacoby's sister-in-law was a sales person (an "account executive") for a company that sells management consulting services to Cisco. The sister-in-law apparently scored $1 million worth of sales to Cisco in 2015, earning herself $120,000. Cisco says that Jacoby had no direct involvement in these transactions.
Jacoby's brother-in-law, on the other hand, was an actual employee of Cisco as a program manager in Cisco’s supply chain organization for some of 2015. He was paid $149,000 in total compensation for the part of 2015 that he worked as a Cisco employee, including salary, bonus, and incentive pay.
Now that Jacoby is the big boss of that unit, he no longer works for Cisco and he has landed a new job as a Cisco account manager for an unnamed company which provides contract labor to Cisco. Jacoby's unit isn't the one that contracts with that company, but Cisco did spend $35 million with it in 2015.
The most interesting disclosure, however, involves Jacoby's sister.
Jacoby's sister is also a Cisco employee, a vice president of global business services — a good middle-management job. The sister earned total compensation of about $1.24 million for fiscal 2015, between salary, bonus, incentive pay, stock awards, and other compensation.
Jacoby has now actually become her sister's boss. (That's got to be a fun topic of conversation at during the Jacoby family Thanksgiving dinner.)
Wesson or Crisco anyone ? Both used to belong to the same brand!
It is very unfortunate that this is happening at a time when America is in crisis, and desperately needs to fix the economy, social security, healthcare, energy policy, and infrastructural deficits.
The only thing that America can finally agree on, is to spend further trillions on more wars. "
Olsen has represented hardcore Criminals in the past!
Not to mention his wife's [cell] phone call from one of the ill-fated flights on the dreadful day 14 yrs ago..
were all fake? What is the total # of shares in float?
Why is SEC NOT looking into the outright fraud that is going on in our markets? What about the management of this SCAM outfit?
Bush Jr. & Co orchestrated the economic collapse. Obamer completing the [FnFs] shareholders' equity transfer to the TBTF Banksters & PE firms, as planned... FnFs will be stripped off their valuable assets and lucrative money making business in the false, fabricated pretext of ":Tax payer bail out"..
Wake up & drink the cool aid Gullible America...
CORRUPTION in HIGH PLACES! TO the CORE in the US of A Now....
Wealth loot is legal, if you belong to the Wall Street Criminal gang..
Look at the chart for the past 10 Months (or 2 or 3 years, if you will) , except for a few blips to get out of the long positions unhurt.... It is Unbelievable how the HFTs are paying the game on retailers... there is no Institutional interest in the gamble..
That is how they rip the consumers off.... It is a big Con Game! What can the Joe Six Pacs do with cheap Crude? Refine it at home? What a joke!
"You know, if I were to get hit by a bus today," Google co-founder Larry Page once reportedly said, "I should leave all of it to Elon Musk."
That's admittedly an unorthodox way to handle one's estate. Most wealthy individuals leave their money either to heirs or to a charitable foundation. But as Page later explained, he thought the Tesla Motors/SpaceX CEO could do more good with the money. In an interview with Charlie Rose, Page mentioned Musk's idea of "backing up humanity" by creating a parallel civilization on Mars as an example of an effective way to improve the world through business. "That’s a company, and that’s philanthropical," he said.
Investigate their insider deals and seize the bank accounts?
What is it? Today will be the 5th straight Down trading days..