InterDigital Inc (IDCC)

[laranger]

Ronnie.

I have worked for a few large corporations, and have yet to find one that looks out for shareholders. In fact, the board and its top officers are usually the ones trying to effect a merger or sale, so that they can sell their shares and sail-off into the sunset.

The mantra seems to be, "We only have about five years at the top to build a retirement, so anything goes, as long as we can get away with it."

That fits Harry to a tee, and I still choke every time I see your summary of his compensation.

Since it doesn't appear that Cohen can unseat the whole board in this year's ASM, it seems strange that he doesn't start with Harry.

But this begs the question: Why would an M&A guy be willing to wait till 2007 to seat his own board and/or make a move to sell the company?

Part of the answer is, IMO, he can't kick Harry out OR seat his own directors without the full support of Heartland.

We will soon see whether he has them in his pocket.