Another company changing their ways is Cisco. Although, judging by the muted reaction in the stock price, it seems the market is not too impressed. The announcement came yesterday, pre market: Cisco Board Names Chuck Robbins as Next CEO. More importantly, John Chambers is on his way out as CEO, he does however stay on as Executive Chairman. Sigh. The man should go, that is the opinion of us here at Vestact, although in fairness to Mr. Chambers, Bill Gates had only good words to say about him yesterday. Gates was flanked by Charlie Munger and Warren Buffett in a CNBC exclusive, post the Berkshire AGM. So then I said, well what do we know if Gates gives him that sort of endorsement?