Welcome!

Government Cloud Authors: Elizabeth White, Pat Romanski, Dana Gardner, Liz McMillan, Gopala Krishna Behara

Related Topics: Server Monitoring, Containers Expo Blog, Government Cloud

Server Monitoring: Article

Majority of Cisco Shareholders Urge "Say on Executive Pay"

CBIS-Sponsored Resolution Garners 51% of Vote

Cisco Virtualization Journal

Christian Brothers Investment Services (CBIS), a leader in socially responsible investing (SRI) for Catholic institutions, today announced that a majority of shareholders voted in support of its "say on executive pay" proxy resolution at the Cisco Systems' annual meeting of shareholders. Fifty-one percent voted in favor of the resolution. Cisco initially declared the vote "too close to determine" and therefore declined to report it with the other preliminary vote results.

"This majority vote by Cisco's shareholders sends a clear message. The onus is now on Cisco to take a leadership stance and enact Say on Pay before federal legislation mandates such policies for all public corporations," said Julie Tanner, Assistant Director of Socially Responsible Investing (SRI) at CBIS. "A number of leading technology corporations have already adopted non-binding Advisory Votes. We call on Cisco's board to be as responsive to its investors and immediately issue a statement on how it plans to demonstrate its acknowledgement of shareholder concerns."

CBIS presented its resolution, backed by 804,564 shares of Cisco common stock, at Cisco's annual meeting on November 12, 2009. The majority vote follows a strong 48% vote received for a similar CBIS resolution in 2007.

Co-sponsors of CBIS's resolution include members of the Interfaith Center on Corporate Responsibility (ICCR): Community Church of New York, Sisters of St. Francis of Philadelphia, The Funding Exchange, Glenmary Home Missioners, Needmor Fund, Tides Foundation, Christus Health, The Sisters of St. Joseph of Boston, Sisters of the Holy Names of Jesus and Mary U.S. Ontario Province, and Northwest & Ethical Investments L.P.

Mary Pat LeRoy of Sisters of the Holy Names of Jesus and Mary U.S. Ontario Province, which is a co-sponsor of the resolution, said, "Executive pay and compensation practices have contributed to a concentration of incredible wealth in the hands of a few. We urge Cisco to listen to its shareholders and make this important move toward a more equitable society."

For the full text of CBIS's resolution, listed as "Proposal No. 6: Advisory Vote on Executive Compensation" on the Cisco proxy ballot, visit CBIS' Shareholder Advocacy Directory at http://www.cbisonline.com/page.asp?id=165 and select "Cisco" from the list of companies.

More Stories By Yeshim Deniz

News Desk compiles and publishes breaking news stories, press releases and latest news articles as they happen.

IoT & Smart Cities Stories
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of San...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
If a machine can invent, does this mean the end of the patent system as we know it? The patent system, both in the US and Europe, allows companies to protect their inventions and helps foster innovation. However, Artificial Intelligence (AI) could be set to disrupt the patent system as we know it. This talk will examine how AI may change the patent landscape in the years to come. Furthermore, ways in which companies can best protect their AI related inventions will be examined from both a US and...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
Chris Matthieu is the President & CEO of Computes, inc. He brings 30 years of experience in development and launches of disruptive technologies to create new market opportunities as well as enhance enterprise product portfolios with emerging technologies. His most recent venture was Octoblu, a cross-protocol Internet of Things (IoT) mesh network platform, acquired by Citrix. Prior to co-founding Octoblu, Chris was founder of Nodester, an open-source Node.JS PaaS which was acquired by AppFog and ...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...