Friday, April 11, 2003 10:39:50 AM
Can anyone explain how Rip has been able to make millions at IDCC, while costing the company more market capitilization by his sells than his production could ever produce. He isn't a lawyer, he isn't a engineer, he isn't a accountant, so what does he do to make millions?
I hear his inside the company title is NAV representing no added value. I am still trying to figure out what his function really is, and where he is enhancing the value of the stock in any amount. His sales were inexcusable to say the least, as while he was selling the CEO was recommending all be buying. I personally think anyone who is that far removed from reality is in the wrong position and should not continue to represent this company. I think he is known as Harry's lap dog, or that is what I have been told or rumored as such. A good spokesperson he is, but a person who meets with people and ask them to buy while he is selling has zero credibility, and there is no other way of putting it, he should be removed and all his options reqlinquished, as he is a NO ADDED VALUE PERSON.
This is my personal opinion, but it is shared by quite a few others that I have talks with. I think descretion is a part of a officers job, and his sales was the most counterproductive thing I have ever seen. I again reinterate what the heck does this man do at the company, as for the life of me I can't see where his value is.
Mickey
Recent IDCC News
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