With the election season behind us, as a nation it’s time we come together and quickly address the serious challenges facing the U.S. economy and American workers. Our number-one goal must be to restore confidence in our economy and put people back to work.
As a U.S.-based multinational company, Cisco is committed to the continued economic growth and technological leadership of the United States. Given that it is the world’s largest economy, the United States must continue to drive global economic stability through policies that create jobs, promote innovation and foster new opportunities at home and abroad. If we don’t, we run the risk of being left behind. Just this week, a China-based company claims to have developed the fastest supercomputer in the world. This kind of innovation has previously been a hallmark of the United States—a leadership position created by commitment and investment from both government and the private sector. This country must have an environment where innovation and investment is encouraged and rewarded.
Currently, however, U.S. tax policy does the opposite. Incremental tax rates as high as 35% on money made overseas discourages companies such as Cisco from bringing back these resources and investing them at home – whether to create new jobs, boost R&D spending, or return value to shareholders. This high taxation of repatriated foreign earnings is in marked contrast to the tax practices of almost all of the world’s major economies—Japan, Germany, United Kingdom, France, Spain, Italy, Australia, Canada, Russia, and the Netherlands, to name a few.
It is often said that the only constant is change. Cisco is no different. We know that innovation and change are the cornerstones to Cisco’s continued success.
We are excited to announce that our Chief Technical Officer, Padmasree Warrior, will add the duties of being SVP/GM of our Enterprise, Commercial and Small Business Development Group. This is the heart of Cisco’s business and we are fortunate to have the talent of an (ahem) warrior take over this industry leading team of over 10,000 world-class engineering talent.
Warrior joined Cisco in 2007 as CTO reporting to Cisco Chairman and CEO John Chambers and has quickly established herself as a technology visionary in areas such as cloud computing, mobility, the future of Internet technology and more.
Football Hall of Famers Steve Young and Jerry Rice made a guest appearance at the 2010 Cisco Financial Analyst Conference last week.Â Check out a few minutes of their lively discussion with John Chambers on the analogies between sports and business.
To learn more about how Cisco implements the accountability and teamwork that Steve and Jerry touch on, watch this VOD from Ron Ricci, Vice President, Corporate Positioning.
For the last couple of years almost everyone with a job has felt lucky to have it.The economy has absolutely forced companies to make cutbacks, hold off on investments and squeeze more productivity from their staff.Every small business owner I know feels personally responsible for the well-being of their employees, as if they were family.I”m betting you made sacrifices in your business to keep employees.And your employees likely responded with support.We all knew that times were tough and that’s the way it was.But it seems times may be changing. Read More »
Jess Wells, our long time Community Manager and expert content provider has decided it’s time for her career to take her in new directions. She’s done such an amazing job here and we thank her for all her hard work. Read More »