Nader lambastes Cisco, Chambers for lagging stock

27.06.2011
Now even Ralph Nader is on 's case -- not for any breach of consumer ethics, but instead for breach of investor return.

Consumer watchdog Nader wants Cisco to atone for the negative movement in its stock over the past year. Cisco is the worst-performing component on the Dow Jones Industrials this year, . Shares are down nearly 25% this year, on top of a more than 15% decline in 2010.

Cisco is using some of its hoarded cash to after long ignoring calls to do so. But Nader wants the company to ante up some more.

ANALYSIS:

In a letter to CEO John Chambers, Nader calls on the company to boost its dividend and its shares. The letter was sent privately on June 13, but .

In the letter, Nader criticizes Chambers for not doing enough to boost the company's share and suggested it might be time for a "shareholder revolt against a management that is oblivious to building or even maintaining shareholder value."