John T. Chambers

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

John T. Chambers
Born
John Thomas Chambers

(1949-08-23) August 23, 1949
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

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.

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.[12] In November 2006, he was named chairman of the board, in addition to his CEO role.[13] In October 2016, he was reported to own over 1.7 million Cisco shares worth approximately US$54 million.[14]

On July 27, 2015, Chuck Robbins replaced Chambers as CEO of Cisco Systems.[15]

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.[16]

Personal

Chambers and his wife Elaine have two children, Lindsay and John.[17]

Political contributions

Chambers has made political donations totaling over $180,000 to the Democratic Party and over $1,000,000 to the Republican Party.[18] He served as a co-chair in Republican John McCain's 2008 presidential bid.[19]

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.[20]

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.[21]

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.[26]
  • 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.[27]
  • 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.[27]
  • 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.[27]
  • 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.[28]
  • 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.[29]
  • 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.[30]

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
gollark: I'm sure you'd like to think so.
gollark: It's simple. The initial python bit detects strings which are UTTERLY spacious, and then (in an oddly obfuscated way) ensures that each character in one string exists at least once in the other. Then, it calls the C bit with - due to odd pythonous scoping - the string without the index where they were found to match. The C bit actually does the same thing, calling back into Python afterward. If there is ever an *unmatched* character, it returns false.
gollark: But I posted mine earlier. Four of them, even.
gollark: Except mine, naturally.
gollark: Everyone knows quicksort is better.

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. http://www.pratt.duke.edu/node/1577
  6. 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. http://resources.cisco.com/app/tree.taf?asset_id=451409&public_view=true&Template_Name=PDF&sid=etl_200_CEO_bio%5B%5D
  10. SAE Alumni Directory. Evanston, IL. 2018.
  11. News Releases, Feature Stories and Profiles about Duke University's Pratt School of Engineering
  12. Doerr, John (May 12, 2008). "John Chambers". Time. Retrieved October 5, 2016.
  13. http://newsroom.cisco.com/execbio-detail?articleId=33185, Cisco
  14. "JOHN T CHAMBERS Insider Trading Overview". www.insidermole.com. Retrieved 2016-10-12.
  15. http://fortune.com/2015/07/27/cisco-john-chambers-chuck-robbins/
  16. https://www.businessinsider.com/john-chambers-resigns-as-cisco-chairman-hints-at-a-next-chapter-2017-9
  17. John Chambers, President and CEO, Cisco Systems Archived 2009-02-16 at the Wayback Machine MIT Industrial Liaison Program
  18. John Chambers contributions Archived 2008-11-10 at the Wayback Machine at NewsMeat
  19. How Cisco's CEO John Chambers is Turning the Tech Giant Socialist Fast Company, December 2008
  20. http://www.broadbandcommission.org/commissioners/Pages/Chambers.aspx
  21. https://wvutoday.wvu.edu/media-center-blog/2018/11/05/former-cisco-ceo-and-chairman-to-help-wvu-support-start-ups-and-entrepreneurship
  22. "2009 Pioneer Business Leader". SVEF. Archived from the original on 29 November 2014. Retrieved 14 November 2014.
  23. "Bower Award for Business Leadership". Franklin Institute. 2012. Archived from the original on 2013-06-26. Retrieved 2013-04-07.
  24. "The Best-Performing CEOs in the World". Harvard Business Review. Retrieved 2015-10-16.
  25. Chambers, John (April 26, 2016). "Reflecting on the Edison Awards: Why It's Important to Dream Big".
  26. "Summary of Compensation". U.S. Securities and Exchange Commission.
  27. "Summary of Compensation". U.S. Securities and Exchange Commission. Retrieved 2013-10-02.
  28. "CEO Compensation for John T. Chambers (2009)". Equilar. Archived from the original on 2010-01-24. Retrieved 2010-04-06.
  29. "CEO Compensation for John T. Chambers (2008)". Equilar. Archived from the original on 2009-04-17. Retrieved 2009-05-13.
  30. "CEO Compensation for John T. Chambers (2007)". Equilar. Archived from the original on 2009-04-17. Retrieved 2009-05-13.
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