Understanding the bonding between silicon and transition metals is valuable for devising strategies for incorporating magnetic species into silicon. CrSi12 is the standard example of a cluster whose apparent high stability has been explained by the 18-electron rule. We critically examine the bonding and nature of stability of CrSi12 and show that its electronic structure does not conform to the 18-electron rule. Through theoretical studies, we find that CrSi12 has 16 effective valence electrons assigned to the Cr atom and an unoccupied 3dz2 orbital. We demonstrate that the cluster鈥檚 apparent stability is rooted in a crystal field-like splitting of the 3d orbitals analogous to that of square planar complexes. CrSi14 is shown to follow the 18-electron rule and exhibits all conventional markers characteristic of a magic cluster.