Not only does Juniper spend too much on its R&D employees -- it spends too much on its software engineers, too, according to Elliott Management.
The PDF said that Juniper pays the highest average base salary to its software engineers compared to its competitors, many of which, Elliott pointed out, have larger revenue bases and market caps.
Citing 2013 data from Glassdoor.com, Elliott said in the filing that Juniper spends more on its software engineers than tech giants, including Facebook, Google, Amazon and Yahoo. It also spends more than direct competitors, including Hewlett-Packard, Cisco, Brocade and Arista. The average base salary for a Juniper software engineer, according to the report, is somewhere around $159,990. LinkedIn is next in line with $136,427.
Cisco, the PDF stated, pays its software engineers an average base salary of $109,491.