Now wait a minute here.
RE: Many of the people like you who complain about the twin issues of dilution and executive compensation don't seem to have a very rational basis for comparison.
Don't need one. Evaluating this company like I evaluate all others. No extra points or leeway given because it's a I/P company. It's an investment.
RE: That's because the IP operating model is very, very difficult to execute
Well then we should have very,very good management to run it.
Have no time for an exercise. Too busy tracking what I already own. And the whole point would be moot. If they can't get it done because being an I/P company is too difficult, well then nobody should be investing in this , should they.
RE: Ronny's framework.
To say the framework was wrong because it didn't follow select I/P companies is foolishness. You don't get a break on excessive compensation because you happen to be an I/P company. Not buying it.
My point has been and is still is the increase and release of too many options vs the productivity released by the company.
RE: Now tell any rational person that IDCC's compensation policies are excessive compared to its peers in the IP business
I an a rational person, not going to compare to other companies, going analyze this company based on what they have done and what they are taking for it.
The 12 mil in options for the period 2000 to 2002 was per you to hire tech's for the Nokia engineering contract.
We got 57 mil for it to date. What did the options cost the shareholders to date?
You will remind me Nokia still will come to the table on the 2 g contract.
I will remind you that the contract was signed and agreed on in 99. That it included a paid up license for past usage for only 31 mil. 3 years free usage and than the accrue which is still on going. Nothing from Ericy in that time period. And A NEC contract realized by arbitration. Share outstanding during this same period went from 48 to 57 mil..
2003 to date Lost the Sharp contract. Nokia may or may not go to arbitration. Samsung may or may not go to arbitration. Company requests 5 mil more based on these unknown events.
I think we should wait to see what we get, when we get it, and how much goes to the bottom line before we justify the new options in question.
Actually that’s not right. IMHO they have already been paid very well for a perfect result.
Now waiting to see if the result will indeed be perfect
