John Chambers (CEO)

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John T. Chambers
John T. Chambers World Economic Forum 2013.jpg
Chambers at the World Economic Forum Annual Meeting in 2013
Born John Thomas Chambers[1][2][3]
(1949-08-23) August 23, 1949 (age 65)
Cleveland, Ohio, USA
Residence Los Altos Hills, California, USA
Alma mater West Virginia University
Indiana University
Duke University
Occupation CEO and Chairman of the Board of Cisco Systems
Salary $21 Million USD in (2011)[4]
Spouse(s) Elaine Chambers
Children Lindsay Chambers
John Chambers
Website
cisco.com

John Thomas Chambers[1][2][3] (born August 23, 1949) is Chairman of the Board and CEO of Cisco Systems, Inc.

Early life[edit]

Aníbal Cavaco Silva, Chambers, and Helder Antunes at Cisco HQ; during the Portuguese Presidential visit to Cisco.

Chambers was born on August 23, 1949 in Cleveland, Ohio to John Tuner "Jack" and June Chambers.[5] His mother was a psychiatrist and his father was an obstetrician.[6] The family resided in Kanawha City, West Virginia.[7]

When Chambers was nine years old, he was diagnosed with dyslexia.[8] Aided by a therapist, Chambers learned to cope with his disability.[7]

Education[edit]

He holds a bachelor of science / Bachelor of Arts degree in business and a law degree from West Virginia University and a master of business administration degree in finance and management from Kelley School of Business, Indiana University.[9] Previously, he also attended the School of Engineering at Duke University from 1967 to 1968.[10]

Career[edit]

After obtaining his MBA, Chambers began his career in technology sales at IBM 1976–1983 when he was 27 years old. In 1983, when he was 34 years old he moved to Wang Laboratories. There, he became the Vice President of U.S. Operations in 1987. Wang had gone from a $2 billion profit in 1989 to a $700 million loss in 1990. In 1991,when he was 42 years old he left Wang and joined Cisco in 1991.[6] Cisco went public on February 16, 1990.

Chambers at the World Economic Forum (2007).

Chambers joined a startup Cisco founded in 1983 as senior vice president, Worldwide Sales and Operations.[9] 1990–1994, senior vice president of Worldwide Operations,1994–1995, executive vice president, Since January 1995, when he was 46 years old he assumed the role of CEO, the company has grown from $70 million in annual revenues to its current run-rate of approximately $46 billion.[11] In November 2006, he was named Chairman of the Board, in addition to his CEO role.[12]

Chambers served on the Board of Directors of myCFO.

Personal[edit]

Chambers and his wife Elaine have two children, Lindsay and John.[13]

Political contributions[edit]

Chambers has made political donations totaling over $180,000 to the Democratic Party and over $1,000,000 to the Republican Party.[14] He served as a co-chair in Republican John McCain's 2008 presidential bid.[15]

Since 2010 Chambers has also served as a Commissioner for the Broadband Commission for Digital Development, which leverages broadband technologies as a key enabler for social and economic development.[16]

Awards[edit]

Chambers has received various awards and honors for corporate philanthropy.

Compensation[edit]

  • 2013 - Total compensation of $21,049,501, which included a base salary of $1,100,000, a cash bonus of $4,700,080 , stocks granted of $15,237,652, and other compensation worth $11,769.[19]
  • 2012 - Total compensation of $11,687,666, which included a base salary of $375,000, a cash bonus of $3,953,376, stocks granted of $7,348,265, and other compensation worth $11,025.[19]
  • 2011 - Total compensation of $12,886,125, which included a base salary of $375,000, no cash bonus, stocks granted of $12,500,100, and other compensation worth $11,025.[19]
  • 2009 - Total compensation of $12,788,498, which included a base salary of $375,000, a cash bonus of $2,031,000, stocks granted of $10,372,500, and other compensation worth $9,998.[20]
  • 2008 - Total compensation of $18,767,149, which included a base salary of $375,000, a cash bonus of $3,002,802, stocks granted of $6,442,000, and options granted of $8,938,260.[21]
  • 2007 - Total compensation of $12,801,773, which included a base salary of $350,096, a cash bonus of $3,500,000 and options granted of $8,944,000.[22]

Books[edit]

Chambers is mentioned in books about his management and leadership style.

  • John Chambers and The Cisco Way (Waters, John K., Wiley, 2002) ISBN 978-0-471-00833-0
  • The Eye of the Storm: How John Chambers Steered Cisco Through the Technology Collapse (Slater, Robert, HarperBusiness, 2003) ISBN 978-0-06-018887-0

References[edit]

  1. ^ a b "RESUME: John Thomas Chambers". Business Week. 1999. Retrieved January 5, 2014. 
  2. ^ a b Schofield, Jack (April 19, 2000). "Cisco kids ride high". The Guardian. Retrieved January 5, 2014. 
  3. ^ a b Serwer, Andy (May 15, 2000). "There's Something About Cisco Cisco has an expensive stock and agile competitors. But this company has beaten every challenge it's faced. Here's an inside look at CEO John Chambers and the corporate machine he's created.". Fortune. CNN. Retrieved January 5, 2014. 
  4. ^ #397 John T Chambers
  5. ^ John T Chambers at Reference for Business
  6. ^ a b http://www.pratt.duke.edu/node/1577
  7. ^ a b Waters, John K. (February 2002). John Chambers and the Cisco Way. Wiley. ISBN 0-471-00833-8. 
  8. ^ USA Today
  9. ^ a b http://resources.cisco.com/app/tree.taf?asset_id=451409&public_view=true&Template_Name=PDF&sid=etl_200_CEO_bio
  10. ^ News Releases, Feature Stories and Profiles about Duke University's Pratt School of Engineering
  11. ^ Doerr, John (2009-04-30). "John Chambers". Time. Retrieved 2009-05-13. 
  12. ^ http://newsroom.cisco.com/execbio-detail?articleId=33185, Cisco
  13. ^ John Chambers, President and CEO, Cisco Systems MIT Industrial Liaison Program
  14. ^ John Chambers contributions at NewsMeat
  15. ^ How Cisco's CEO John Chambers is Turning the Tech Giant Socialist Fast Company, December 2008
  16. ^ http://www.broadbandcommission.org/commissioners.html
  17. ^ "2009 Pioneer Business Leader". http://svefoundation.org/. Retrieved 14 November 2014. 
  18. ^ "Bower Award for Business Leadership". Franklin Institute. 2012. Retrieved 2013-04-07. 
  19. ^ a b c "Summary of Compensation". U.S. Securities and Exchange Commission. Retrieved 2013-10-02. 
  20. ^ "CEO Compensation for John T. Chambers (2009)". Equilar. Retrieved 2010-04-06. 
  21. ^ "CEO Compensation for John T. Chambers (2008)". Equilar. Retrieved 2009-05-13. 
  22. ^ "CEO Compensation for John T. Chambers (2007)". Equilar. Retrieved 2009-05-13. 

External links[edit]