Witchhollow,
you said
So when new individual investors purchase shares between $25 and $30/share and the insiders would sell some shares, what would stop them from whining just like you are now?
You're right, some people will complain about anything. However, most will be reasonable and there would be little support for complaints about a management bonus that is predicated on a substantial increase in share price. Most of us understand and support reward for outstanding performance. My objection is beyond a very competitive base salary, reward for average performance, big rewards for volatility in the stock (they can get cheap options and turn them for a profit quickly), and 8 figure payouts for each of them for exceptional price performance.
While I strongly feel the officers and directors are getting grossly excessive compensation packages, I have read the opposing views which have properly pointed out the difficulty of accomplishing anything positive. Unfortunately, there is no good mechanism to address what I see as valid concerns (executive compensation and poor communications), where management's interests are directly opposite of the non-management shareholders. So I will hold my stock and take 85%-95% of the value that my stock would be with reasonable compensation packages because that's the best I can do.
Some of you folks don't realize how greedy these posts make you appear!! I'm still laughing!
Yes, I am greedy. I did not invest for any other reason than to make money. I am a capitalist and this is the ultimate venue for it. Our managers are capitalists and they are looking to get every penny they can as well. I want to value of IDCC to flow to shareholders, management wants it to flow to them. I am also a fair minded person and realize people should be justly compensated and do not begrudge anyone getting well paid for their efforts. In my opinion, the compensation packages offered are incredibly generous and far beyond what is reasonable. If I felt I could do something to effectively address the fairness of compensation and accomplish my greedy goal, I would do so. I'm glad that gives you a laugh, however I think the officers are really laughing - all the way to the bank.
