John T. Chambers

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For other people named John Chambers, see John Chambers (disambiguation).
John T. Chambers
John T. Chambers World Economic Forum 2013.jpg
Born
John Thomas Chambers

(1949-08-23) August 23, 1949 (age 72)
Cleveland, Ohio, U.S.
Alma materDuke University
West Virginia University (BS, BA, JD)
Indiana University (MBA)
OccupationExecutive Chairman, Cisco Systems
Political partyRepublican
Spouse(s)Elaine Chambers
ChildrenLindsay
John
AwardsPadma Bhushan 2019
WebsiteLinkedIn profile

John Thomas Chambers[1][2][3] (born August 23, 1949) is the former executive chairman and CEO of Cisco Systems.

Early life[]

President Aníbal Cavaco Silva of Portugal (left), Chambers (center), and Helder Antunes (right); 2011.

Chambers was born on August 23, 1949 in Cleveland, Ohio to John Tuner "Jack" and June Chambers.[4] His mother was a psychiatrist and his father was an obstetrician.[5] The family resided in Kanawha City, West Virginia.[6]

When Chambers was nine years old, he was diagnosed with dyslexia.[7][8] Aided by a therapist, Chambers learned to cope with his disability.[6]

Education[]

He holds a Bachelor of Science / Bachelor of Arts degree in business and a J.D. 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, where he was a brother of the Sigma Alpha Epsilon fraternity.[10][11]

Career[]

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, later becoming Vice President of US Operations in 1987. During Chambers's time at the company, Wang's profits declined dramatically from $2 billion 1989 to a $700 million loss in 1990. Chambers left Wang in 1991 at age 42, joining Cisco in that year.[5] Cisco had gone public on February 16, 1990.[12]

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 grew from $70 million in annual revenues to a run-rate of approximately $40 billion in 2007.[13] In November 2006, he was named chairman of the board, in addition to his CEO role.[14] In October 2016, he was reported to own over 1.7 million Cisco shares worth approximately US$54 million.[15]

On July 27, 2015, Chuck Robbins replaced Chambers as CEO of Cisco Systems.[16]

Chambers served on the board of directors of myCFO.

In December 2017, Chambers stepped down from his role as chairman of Cisco's board, officially leaving the company. He holds the honorary title of Chairman Emeritus but holds no authority within the company.[17] In early 2021, Chambers became a member of the board of directors of , a software company based in Colorado Springs.[18]

Personal[]

Chambers and his wife Elaine have two children, Lindsay and John.[19]

Political contributions[]

Chambers has made political donations totaling over $180,000 to the Democratic Party and over $1,000,000 to the Republican Party.[20] He served as a co-chair in Republican John McCain's 2008 presidential bid.[21]

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.[22]

West Virginia University[]

On November 9, 2018, the College of Business and Economics at West Virginia University was renamed the John Chambers College of Business and Economics.[23]

Awards[]

Chambers has received various awards and honors for corporate philanthropy.

Compensation[]

  • 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.[28]
  • 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.[29]
  • 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.[29]
  • 2011 – Total compensation of $12,890,829 which included a base salary of $375,000, no cash bonus, stocks granted of $12,500,100, and other compensation worth $11,025.[29]
  • 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.[30]
  • 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.[31]
  • 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.[32]

Books[]

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

He is the author of one book.

  • Connecting the Dots: Lessons for Leadership in a Startup World (Chambers, John, Hachette, 2018) ISBN 978-0-31-648654-5

References[]

  1. ^ "RESUME: John Thomas Chambers". Business Week. 1999. Retrieved January 5, 2014.
  2. ^ Schofield, Jack (April 19, 2000). "Cisco kids ride high". The Guardian. Retrieved January 5, 2014.
  3. ^ 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. ^ John T Chambers at Reference for Business
  5. ^ Jump up to: a b http://www.pratt.duke.edu/node/1577
  6. ^ Jump up to: a b Waters, John K. (February 2002). John Chambers and the Cisco Way. Wiley. ISBN 0-471-00833-8.
  7. ^ Gallo, Carmine. "How Cisco's CEO Works the Crowd". Bloomberg. Retrieved 16 March 2016.
  8. ^ USA Today
  9. ^ Jump up to: a b http://resources.cisco.com/app/tree.taf?asset_id=451409&public_view=true&Template_Name=PDF&sid=etl_200_CEO_bio[permanent dead link]
  10. ^ SAE Alumni Directory. Evanston, IL. 2018.
  11. ^ News Releases, Feature Stories and Profiles about Duke University's Pratt School of Engineering
  12. ^ Fisher, Lawrence M. (2000-02-09). "Cisco's Revenue and Profit Soar, as Do Its Shares After Hours". The New York Times. ISSN 0362-4331. Retrieved 2021-05-14.
  13. ^ Doerr, John (May 12, 2008). "John Chambers". Time. Archived from the original on May 3, 2008. Retrieved October 5, 2016.
  14. ^ http://newsroom.cisco.com/execbio-detail?articleId=33185, Cisco
  15. ^ "JOHN T CHAMBERS Insider Trading Overview". www.insidermole.com. Retrieved 2016-10-12.
  16. ^ http://fortune.com/2015/07/27/cisco-john-chambers-chuck-robbins/
  17. ^ https://www.businessinsider.com/john-chambers-resigns-as-cisco-chairman-hints-at-a-next-chapter-2017-9
  18. ^ "Quantum Metric Adds Tech Visionary John Chambers to Board of Directors". finance.yahoo.com. Retrieved 2021-05-14.
  19. ^ John Chambers, President and CEO, Cisco Systems Archived 2009-02-16 at the Wayback Machine MIT Industrial Liaison Program
  20. ^ John Chambers contributions Archived 2008-11-10 at the Wayback Machine at NewsMeat
  21. ^ How Cisco's CEO John Chambers is Turning the Tech Giant Socialist Fast Company, December 2008
  22. ^ http://www.broadbandcommission.org/commissioners/Pages/Chambers.aspx
  23. ^ https://wvutoday.wvu.edu/media-center-blog/2018/11/05/former-cisco-ceo-and-chairman-to-help-wvu-support-start-ups-and-entrepreneurship
  24. ^ "2009 Pioneer Business Leader". SVEF. Archived from the original on 29 November 2014. Retrieved 14 November 2014.
  25. ^ "Bower Award for Business Leadership". Franklin Institute. 2012. Archived from the original on 2013-06-26. Retrieved 2013-04-07.
  26. ^ "The Best-Performing CEOs in the World". Harvard Business Review. Retrieved 2015-10-16.
  27. ^ Chambers, John (April 26, 2016). "Reflecting on the Edison Awards: Why It's Important to Dream Big".
  28. ^ "Summary of Compensation". U.S. Securities and Exchange Commission.
  29. ^ Jump up to: a b c "Summary of Compensation". U.S. Securities and Exchange Commission. Retrieved 2013-10-02.
  30. ^ "CEO Compensation for John T. Chambers (2009)". Equilar. Archived from the original on 2010-01-24. Retrieved 2010-04-06.
  31. ^ "CEO Compensation for John T. Chambers (2008)". Equilar. Archived from the original on 2009-04-17. Retrieved 2009-05-13.
  32. ^ "CEO Compensation for John T. Chambers (2007)". Equilar. Archived from the original on 2009-04-17. Retrieved 2009-05-13.

Further reading[]

  • Leibovich, Mark. The New Imperialists (Prentice Hall, 2002) pp 105–138. online

External links[]

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