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Cisco Reins In Management System That Spurred Exodus at Top

Cisco Systems Inc. overhauled a management structure that investors and former employees say slowed decisions, fueled market-share losses and led to an exodus of senior executives.

Cisco, the world’s largest maker of computer-networking equipment, said in a statement today it will reorganize the sales, services and engineering operations to focus on five areas aimed at spurring growth in network and Internet use. Global field operations will be concentrated in three regions, and Cisco will rein in its council-style management structure.