The Presidential Daily Brief

Intriguing

  1. John Chambers

    Cisco CEO Predicts Die-Off of Businesses

    He wanted to leave an impression. John Chambers, the tech giant’s outgoing chief of 20 years, gave his last keynote speech yesterday, telling 25,000 attendees at a Cisco Live conference that he wanted to make them sweat. “Forty percent of businesses in this room, unfortunately, will not exist in a meaningful way in 10 years,” he said, predicting failed attempts to survive in the digital age. The gloomy outlook follows Cisco’s own reorganization and layoffs in recent years, and could signal that incoming CEO Chuck Robbins has more trimming to do.

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