MSchere: Very Good Point! Except...
Yes--I agree 110%. My focus is on how big the pie is going to be, not how much of it, % wise, I will own. I'm keeping my eyes on the prize, so to speak.
That has been part of my argument at least FOR prop 2--I honestly and sincerely believe that we need to give management flexibility and the tools they ask for to achieve their goals and execute their strategic plan--all with the bottom line of maximizing shareholder value.
I don't see how anyone can hope that IDCC will be able to recruit and retain the elite top talent, without being able to offer competitive compensation plans. I also believe that the best way to motivate employees to strive to achieve, create and produce above and beyond is with such incentives. I strongly believe that this ties their economic interests to those of other shareholders.
I don't follow the logic of someone who thinks it is better to own a bigger percentage of a smaller (and shrinking) pie, as opposed to owning a smaller percentage of a larger (and growing) pie.
I don't see that the $300-$430 M IDCC is expecting from NOK and Samsung later this year is already figured into the share price? I do see what $45 M did for the stock price.
I think we have a great buying opportunity now--but that the window may be closing, the train is getting ready to leave the station.
I don't share all the concerns about prop 2, nor about insider selling.
Despite many requests, I just don't see anything over the top about what IDCC BOD and/or management has done in the past, thus I see no reason to question their integrity in administering options plans in the future.
YES--in a total vacuum salaries of several hundred $K annually, along with perqs and options plans could be seen as excessive. Leaving the vacuum and comparing such salaries to those of teachers, police officers, registered nurses, and many others, one might see the compensation packages of most corporate executives as 'over the top.' But leaving the vacuum entirely behind, and attempting to compare apples to apples, looking at the compensation packages for other corporate executives and BOD members, other high tech corporate executives and BOD members, other telecom and/or wireless sector executives and BOD members, I don't see anything excessive, over the top, unjustly enriching or self dealing.
I'm so much more focused on counting my $$$ than that of others--what matters to me is whether this company is performing--and IMHO it certainly is performing well.
Good post, mschere. Thanks for trying to help keep people's eyes focused on the prize.
joel
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