Cisco Chief Legal Officer Deborah "Dev" Stahlkopf. Photo: Jason Doiy/ALM Cisco CLO's Comp Surges in Year Marked by Huge Acquisition, Declining Sales
Deborah "Dev" Stahlkopf had been general counsel of Microsoft before she joined the computer networking giant in 2021, induced in part by a $5.5 million, cash-and-stock signing bonus.
October 21, 2024 at 08:05 AM
3 minute read
Lawyer Compensation - In-House
Cisco Chief Legal Officer Deborah "Dev" Stahlkopf saw her compensation increase 22.5% in the latest fiscal year—reaching $12.5 million—even though the company posted disappointing sales and profits, and its stock price declined 9.2%.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
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