Robbins Chock (Chuck Robbins)

Robbins Chock (Chuck Robbins)

Biography

1997: A beginning of the career in Cisco

Chuck Robbins came to Cisco company in 1997 and since then quickly moved ahead on an office ladder. Before the appointment as the CEO of the company in 2015 he held a position of the senior vice president of Cisco for the international transactions, heading division of global sales and partner interaction.

Robbins took part in development and implementation of many strategic investments and conversions of the company, including creation of the most powerful in the industry of the affiliate program which annually brings to Cisco more than 40 billion dollars of income.

2015: Appointment of Cisco as the head

On May 4, 2015 May it became known of Chuck Robbins's appointment general the director of Cisco instead of John Chambers. Robbins will start the responsibilities on July 26, 2015.

Media began to write that Chambers is going to stop the management of Cisco several years prior to the official declaration of resignation. Then the most probable successors were called the operating officer Gary Moore and the president on development and sales Robert Lloyd. According to analysts, Robbins's appointment became surprise. The former head of Yahoo! Carol Bartz who is a part of Board of Directors of Cisco called Robbins "not the best leader of Cisco at the moment".

According to the The Wall Street Journal newspaper, at first the Board of Directors took a confidential straw vote according to the results of which Chuck Robbins won first place among candidates for a position of the company executive. On May 1, 2015 official vote where board members confirmed the choice took place.^[1]

2018

Robbins earned $21.28 million from Cisco post of the head

At the end of October, 2018 Chuck Robbins's earnings on a post of the CEO of Cisco became known. The top manager earns in 160 times more of the average employee of the company.

According to Business Insider with reference to materials which Cisco transferred to the U.S. Securities and Exchange Commission (SEC) in 2018 financial year the company paid Robbins about $21.28 million against $16.75 million the previous year.

Chuck Robbins earns in 160 times more of the average employee of Cisco

The salary of the CEO increased from $1.19 million to $1.23 million, and cash bonuses doubled and reached nearly $5 million Besides, in 2018 to a fiscal year Robbins earned $14.94 million rewards in the form of actions and  121,607 of "other remunerations" which among other things went for payment of personal trips by the corporate private airplane.

Chuck Robbins became the highest paid top manager of Cisco according to the results of 2018 reporting year. The second place was taken by the executive vice president and the customer services director Maria Martinez to whom paid $19.34 million. In top three the executive vice president and the sales and marketing director Gerri Elliott with an indicator entered $16.85 million.

The chief financial officer Kelly Kramer who, working in Cisco, in a year earned $11.44 million against $8.8 million in the 2017th follows. The executive vice president of Cisco and the head of department of Networking and Security Business  David Goeckeler with income in the amount of $11.09 million was located with a trace.

The average employee pay in Cisco reached $ 132,764. It turns out that Chuck Robbins earned 160 times more in comparison with the average employee of the company. 

The American companies should publish every year the relation of payments to the CEO to the average income of workers according to the new federal law. The innovation is accepted for increase in transparency on Wall Street, however it was a subject of numerous disputes.^[2]

Sale of the mansion for $13.4 million

In October, 2018 on sale Chuck Robbins's mansion in Los-Gatos (the city in the district Santa Clara, the State of California, the USA) near Silicon Valley is available. The real estate is estimated at $13.8 million.

The head of Cisco sells the mansion for $13.4 million

The country house executed in the European style has floor area in 1300 of square meters. In the house is five bedrooms, six bathrooms, a wine cellar, the huge hall, a spacious entertaining terrace, the huge wardrobe room, the home theater, gym, the game room, own SPA center, a vineyard, a vegetable garden, the pool, etc. From a window the view of mountains opens.

Chuck Robbins's house in Los-Gatos

In an interior walls from a stone  of the Santa Rita brand, wooden beams and floors from limestone meet manual processing.

In the house there is a large billiard room

The cottage is constructed in 2005, and in the 2016th in it made an overhaul. Robbins purchased it in 2016 for $9.5 million. The head of Cisco quite is able to afford such real estate as, for example, in 2016 he earned about $16.75 million from a post of the CEO of the company. In a year amount of remuneration of Robbins grew by 27%.

Finishing in old European style

It is expensive house which is not most offered for sale in Silicon Valley or in its district. The record belongs to the real estate worth $88 million which in 2015 was sold by the founder of the Brocade Communications Systems company specializing in network solutions, the head of VKRM venture fund Kumar Malavalli.

In the house there is a wide kitchen

This house is the prestigious region of Silicon Valley — the city of Aterton.  There the most expensive real estate in the area is built — the average average cost of the house is $10.66 million 


There lived such billionaires as the co-founder of Microsoft Paul Allen, the former CEO of Google Eric Schmidt, the former head of HPE Meg Whitman. Till 2014 in Atertona there lived the operating officer of Facebook Cheryl Sendberg.^[3]

2019: Earnings in Cisco of $25.83 million

In 2019 financial year the CEO of Cisco company Chuck Robbins earned from the post $25.83 million against $21.28 million the previous year. The most part of a compensation packet ($18.58 million) fell on payment of remunerations in the form of actions. Besides, paid to the head salary in $1.33 million (in 2018 reporting year — $1.23 million) and a cash bonus in the amount of $5.79 million.

In materials for SEC it is said that under the leadership of Robbins Cisco received record revenue which in 2019 to a fiscal year exceeded $50 billion Besides, Robbins formed "the highly effective leading team based on his requirement to development of innovations, deep attention to interfunctional partnership, a variety and exclusive results". Read more here.

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