InterDigital Inc (IDCC)

[tlezer]

Joel, respectfully, I think you are avoiding the question. Consider an example. If the BOD asked for an additional 20M options, bringing the total potential dilution due to employee options over the last 4 years to nearly 100%(rough numbers I know), wouldn't that be 'over the top' and too much?

Or is it ok to 'award' the roughly 300 employees as much voting power and control of the company as us several thousand shareholders? Obviously not as bad as the ERICY A and B shares, but a silly condition to put oneself in wouldn't you think? And that point of view doesn't even address the lost wealth due to dilution.

Is that transfer of wealth and power sufficiently compensated just by the $$ brought in from the exercise of the options? Of course not, if that were the case, then secondary and tertiary offerings of shares achieve the same thing. And after all of that is complete, has the company actually changed? nope, just a transfer of wealth and power from one set of shareholders to another, namely, insiders. That a risk that I want to mitigate, and I believe that can be done by avoiding the blank check scenario.

Joel, I don't mean to harp on you. I like your posts, you are thoughtful. I also don't mean to continue an aging topic; however, it is a hot topic, it is timely, and imo, it is important.