John T. Chambers
|John T. Chambers|
|Born||John Thomas Chambers
August 23, 1949
Cleveland, Ohio, U.S.
|Alma mater||West Virginia University,
|Occupation||Executive Chairman, Cisco Systems|
Chambers was born on August 23, 1949 in Cleveland, Ohio to John Tuner "Jack" and June Chambers. His mother was a psychiatrist and his father was an obstetrician. The family resided in Kanawha City, West Virginia.
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. Previously, he also attended the School of Engineering at Duke University from 1967 to 1968.
After obtaining his MBA, Chambers began his career in technology sales at IBM 1976–1983 when he was 27 years old. At 34 years old, in 1983, Chambers joined Wang Laboratories, latterly becoming Vice President of US Operations in 1987. During Chamber's time at the company, Wang's profits had declined dramatically from $2 billion 1989 to a $700 million loss in 1990. Chambers left Wang in 1991 aged 42; joining Cisco in that year. Cisco had gone public on February 16, 1990.
Chambers joined a startup Cisco founded in 1983 as senior vice president, worldwide sales and operations. 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 grew from $70 million in annual revenues to a run-rate of approximately $40 billion in 2007. In November 2006, he was named chairman of the board, in addition to his CEO role. In October 2016, he was reported to own over 1.7 million Cisco shares worth of approximately US$ 54 million.
Chambers served on the board of directors of myCFO.
Chambers and his wife Elaine have two children, Lindsay and John.
Chambers has made political donations totaling over $180,000 to the Democratic Party and over $1,000,000 to the Republican Party. He served as a co-chair in Republican John McCain's 2008 presidential bid.
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.
Chambers has received various awards and honors for corporate philanthropy.
- CNN's Top 25 Most Powerful People
- Time Magazine's "100 Most Influential People"
- Clinton Global Citizen Award
- U.S. State Department Top Corporate Social Responsibility Award
- Woodrow Wilson Award for Corporate Citizenship
- 2009 Silicon Valley Education Foundation Pioneer Business Leader Award
- 2012 Franklin Institute's Bower Award for Business Leadership
- 2015 Harvard Business Review: The 100 Best-Performing CEOs in the World
- 2014 – Total compensation of $16,488,184, which included a base salary of $1,100,000, a cash bonus of $2,500,000, stocks granted of $12,876,709, and other compensation worth $11,475.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
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
- "RESUME: John Thomas Chambers". Business Week. 1999. Retrieved January 5, 2014.
- Schofield, Jack (April 19, 2000). "Cisco kids ride high". The Guardian. Retrieved January 5, 2014.
- 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.
- John T Chambers at Reference for Business
- Waters, John K. (February 2002). John Chambers and the Cisco Way. Wiley. ISBN 0-471-00833-8.
- Gallo, Carmine. "How Cisco's CEO Works the Crowd". Bloomberg. Retrieved 16 March 2016.
- USA Today
- News Releases, Feature Stories and Profiles about Duke University's Pratt School of Engineering
- Doerr, John (May 12, 2008). "John Chambers". Time. Retrieved October 5, 2016.
- http://newsroom.cisco.com/execbio-detail?articleId=33185, Cisco
- "JOHN T CHAMBERS Insider Trading Overview". www.insidermole.com. Retrieved 2016-10-12.
- John Chambers, President and CEO, Cisco Systems MIT Industrial Liaison Program
- John Chambers contributions at NewsMeat
- How Cisco's CEO John Chambers is Turning the Tech Giant Socialist Fast Company, December 2008
- "2009 Pioneer Business Leader". SVEF. Retrieved 14 November 2014.
- "Bower Award for Business Leadership". Franklin Institute. 2012. Retrieved 2013-04-07.
- "The Best-Performing CEOs in the World". Harvard Business Review. Retrieved 2015-10-16.
- "Summary of Compensation". U.S. Securities and Exchange Commission.
- "Summary of Compensation". U.S. Securities and Exchange Commission. Retrieved 2013-10-02.
- "CEO Compensation for John T. Chambers (2009)". Equilar. Retrieved 2010-04-06.
- "CEO Compensation for John T. Chambers (2008)". Equilar. Retrieved 2009-05-13.
- "CEO Compensation for John T. Chambers (2007)". Equilar. Retrieved 2009-05-13.
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