Dish, I don't disagree with your post
You are quite right, there is a synergy that comes from great team work. My view of the relative strength of their position and expectations based on that assumption may be too high, so I am disappointed in the ERICY settlement and the lack of 3G licenses. I am not saying that management is incompetent, corrupt or should be replaced. If that is what others are getting from my posts, I'm sorry for not communicating well. They do have very challenging issues to manage and I think they are doing respectable work. I also feel they are very well compensated for that work and HAVE ALREADY BEEN rewarded for success that they haven't yet achieved.
Management does not control stock price, they control the company. The market is now pricing in some future success, but if it fails to materialize, the price will fall hard. The company is not yet successful enough to justify the current price, but IF they execute, then the current price is cheap. If the company does well, compensate them well, but still maintain fairness, proportion, reasonableness and justification. If you were lucky enough to own the only McDonalds in Iraq, located right in the middle of the U.S. soldiers, would you give the manager 10% of the company because you are doing great? If he demanded it, would you look for another manager? If he’s doing a great job, giving him great pay, but don’t give away the company. I don't sense any of IDCC's management team walking away if they don't get everything they want. I don't think they are being underpaid, That's why I am against granting them further options for unspecified purposes that very well could be used for more management options.
