COVID Stimulus Watch Individual Entry
Recipient Company:
Cisco Systems Inc
Loan or Loan Guarantee Amount:
$2,107,060
Recipient Details
Ownership Structure: publicly traded (ticker symbol CSCO)
Award Details
Award Date: Dec 9, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: Cisco Systems
Headquartered in: California
Parent Sector: electrical and electronic equipment
Parent Industry: electronic equipment
Employees (prior to pandemic): 75,900
Accountability Issues Since 2010
Employment-related Penalties: $2,000,000
Government-contracting-related Penalties: $48,000,000
Environmental / Healthcare / Safety Penalties: $23,000
Consumer Protection / Financial / Competition-related Penalties: $6,000,000
Ratio of CEO Pay to that of Median Worker: 181 to 1
CEO Compensation: $25,829,833
Worker Median Pay: $142,593
Total Federal, State, and Local Subsidies: $41,293,422
Violation Tracker
Tax / Subsidy Issues
Environment / Safety Issues
Consumer Protection Issues