World's 10 Most Ethical Companies

Cisco Systems

Cisco Systems is an American multinational corporation headquartered in San Jose, California, United States, that designs, manufactures, and sells networking equipment. The stock was added to the Dow Jones Industrial Average on June 8, 2009, and is also included in the S&P 500 Index, the Russell 1000 Index, NASDAQ 100 Index and the Russell 1000 Growth Stock Index. Throughout mid-2000s Cisco also built a significant presence in India. Establishing its Globalization Centre East in Bangalore for $1 billion planning that 20% of Cisco's leaders would be based there. However Cisco continued to be challenged by domestic Alcatel-Lucent, Juniper Networks and overseas competitors Huawei. Due to lower than expected profit in 2011, Cisco was forced to reduce annual expenses by $1 billion. The company cut around 3,000 employees with an early-retirement program who accepted buyout and planned to eliminate as many as 10,000 jobs (around 14 percent of the 73,400 total employees before curtailment). During the 2011 analyst call, Cisco's CEO John Chambers called out several competitors by name including Juniper and HP.