“It’s like the tip for parties of five or more at a restaurant already added to your meal. Sometimes you get better service when the motivating factor is tip at the end.”
— Mark Sue, managing director at RBC Capital Markets, on the “spin-in” setup that has given three executives at Cisco a couple of billion dollars over the past couple of decades to found and develop startups that are funded exclusively by the company. Mario Mazzola, Prem Jain and Luca Cafiero have an unusual setup, but Edward Jones analyst Bill Kreher tells Business Insider “they provide those engineers with the independence to pursue new technologies without encroaching on Cisco’s business.”
Photo from Associated Press archives
