Jim, perhaps I've forgotten all the facts surrounding the IDCC compensation issue. I am possibly projecting my impression of many of the other executives recently profiled in scandals who have exercised virtual free rein in determining their remuneration. I believe it is true that many of these have taken advantage of the insulated position they have between themselves and shareholders. I do also think that shareholders have a right to be indignant and to question the levels of reward these executives allow themselves.
If HC has in fact delayed his reward until the fight has been won and he has acted to ensure that the shareholders have their just due before he collects his own, then it seems to me that those actions should be applauded at least in that light.
If you look at my recent post, I think you will see that I've been careful to be fair in my assessment of the issue and have commented that there have been other compelling posts in defense of Harry. I have also listed my reasoning for me not voting for a change in leadership,(which, by default, would be a vote to retain). One of those reasons was that I didn't feel it was likely that I had a firm enough grasp of all the issues involved and I didn't feel it would be prudent to vote when that vote might have consequences I did not foresee.
Bottom line; I am still vested after many years and have even continued to add to my position. I suppose that this tells you that I am at least, generally speaking, somewhat satisfied with the handling of events. You must admit however, that the company has not been especially forthcoming with communication that would allow us as investors to more easily evaluate managements' performance. While I understand that there are a number of issues where the company was constrained with legal and competitive issues and therefore was unable to divulge more, even with that allowance, it's been my impression that the company simply has not felt it necessary to keep the investors better informed. Unlike Corp-B though, I have not railed against management about this because I have a more passive view about the relationship between myself as a shareholder and management. Speaking for myself, I don't expect to be around as long as the people directly involved with IDCC, either in management or as employees. The reason is, honestly speaking, is that I expect to sell my stock once I quit believing the price will continue to rise in the reasonable near term. These guys will still be around. (Well compensated, but still there). I understand that my relationship with the company is temporary and therefore don't believe I should involve myself with changes that would be permanent unless I felt secure in the belief that those changes would be in the best interest of all.
Concerning Corp_Buyer running the company, the recent revelations about him have convinced me he would be the last person I would want at the helm. I have no trust in him and if he was in charge, I expect that I would be looking for the best exit point to unload my shares and move on to an investment where I had at least some faith in management.
AI
