InterDigital Inc (IDCC)

[Corp_Buyer]

"this team has the ability to listen and act" - yes, our management team has been so sensitive to the faintest wispers of any hint of concern. NOT! Give me a break.

What about all the very public, strong criticisms of management, new corporate governance laws, significant D&O insurance cost increases, in addition to the critical analyst report (which itself was unprecedented in my experience)? You make it seem like management listened only to "Tom Carpenters report last year. His 3 major concerns were addressed...".

What about the references to "outright greed" on the Heartland Fund's website and shareholders powerful vote to defeat more options?

http://investorshub.com/boards/read_msg.asp?message_id=2744335

Jai, you make it sound like management was so responsive. In fact, there were numerous letters to management posted on this board from Espy and Ronnie LONG before the public criticisms from institutions and analysts.

I cannot agree with your implication that management responded quickly to nip these concerns in the bud when IMO they only responded AFTER an unprecedented (in my experience) combination of severe private and public well founded criticisms.

Furthermore, as I understand it, management has NOT yet taken an action to fundamentally restructure the controlling members of the Compensation Committee, and IMO this is what shareholders really need to address the root causes of our management compensation and alignment concerns. The BoD has not voluntarily taken this action, has it?

JMHO,
Corp_Buyer