executive bonus


Cisco Denies Exec Bonuses, But Awards Incentive Pay

What happens when a behemoth telecom equipment maker misses its fiscal-year financial performance goals? Its executives get denied bonus money, which is instead paid out under the header, “discretionary incentive payments.” That’s the case at Cisco Systems Inc. (CSCO) this month. The company said late last week in a regulatory filing that it “did not satisfy […]

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