InterDigital Inc (IDCC)

[The Count]

Ken, from a greedy whiner

I hate to tell you, but if they continue to use options for executives as freely as they have in the past, I will be here and I won't be happy about the equity I lost due to dilution.

If management stopped taking options for the next three years, getting cash compensation instead. IDCC performed exceptionally well and the stock was at $150. They figure, hey, we've done great, we've got over $70 a share in cash, so we're going to take $50 per share for bonuses. Stock falls to $100. You would still be thrilled? I wouldn't. It's like the story about a frog in hot water. You drop him in some very hot water and he'll jump out, but if you put him in lukewarm water and slowly raise the temperature he'll cook to death.

If you think people are upset about paying taxes, imagine what it would be like if there was no withholding and everyone had to pay all the tax on April 15. By taking it slowly the long term affect becomes hidden, but it is there.

Reasonable, justifiable, proportional and fairness. That’s what I’m looking for.