Roger, you're welcome.
But to jump, as some here have, from the opinion that we made a bad settlement and didn't get anywhere near what some think we should have to inferring that Merritt is misleading shareholders and management doesn't care about shareholders and is only trying to fill their own pockets is a leap that I cannot make; and I think it is unfair, misinformed, and serves no purpose on this board.
I agree - as stated above, it is unfair, misinformed and useless.
I don't think Merritt is misleading anyone. He is putting the best spin on the settlement, as he should. It's his job to put out IDCCs side. He does it very well. He damn well better be an advocate and posture to make IDCCs public image as strong as possible. We, as investors, need to unwind the spin to get to the unvarnished truth.
I don't think management cares how shareholders do on their investment, nor should they. They need to care about long term share price. There is no reason for them to care about me - I decide when to buy or sell. If they "help" me sell at a higher price, then they are "hurting" the person I sell to. Those who think management should rush announcements to help before option expiration have a serious misunderstanding of how management should build shareholder value.
I do believe that everyone has there own interests at or near the top of their priority list. One tends to view their own contributions and efforts very positively. Therefore given the chance, people give themselves a favorable deal. It is our duty as shareholders to make sure they justify their compensation as fair and reasonable based on the work done and results achieved. I'll leave it there as it is pointless to start up the compensation debate again.
Frank
