Cisco will pay incoming CEO Chuck Robbins a higher salary than outgoing chief John Chambers made in fiscal 2014.

Robbins will make $1.15 million in salary in fiscal 2016, which began this week, and he could earn another $2.59 million based on performance under Cisco’s Executive Incentive Plan. Add in as much as $13 million in stock grants, and Robbins could bring in more than $16.7 million for his first year at the helm.

By contrast, Chambers got $1.1 million in salary and a smaller basic percentage bonus under the Executive Incentive Plan in fiscal 2014, according to the company’s proxy statement issued last September. Chambers was a 20-year veteran at the helm of the company and was also chairman. He stepped back to become executive chairman.

To read this article in full or to leave a comment, please click here

…