Friday, May 09, 2003 12:28:41 PM
"IDCC..directors..TWICE as valuable as..BIGGEST 200 U.S. corporations" ...
Ronnie,
Thank you for your references confirming what many of us have believed for a long time. Your data is also consistent with the related comments of Bill Siedman yesterday on CNBC to wit:
* Management compensation has become excessive (e.g. Grasso who is apparently raking in $10M per year);
* He faults weak outside directors;
* The solution is for SHAREOWNERS to become more active in "limiting" management compensation.
His remarks and your data are very timely, given the upcoming shareholder vote on 5M additional ISO for IDCC employees on top of an already generous ISO plan including recent increases just last year and generous wages.
The Company's proposal to increae ISO shares at this time is a real slap in the face (and wallets) to shareholders. I hope Proposition #2 is solidly defeated by shareholders with a "NO" vote on Proposition #2.
Regards,
Corp_Buyer
Ronnie,
Thank you for your references confirming what many of us have believed for a long time. Your data is also consistent with the related comments of Bill Siedman yesterday on CNBC to wit:
* Management compensation has become excessive (e.g. Grasso who is apparently raking in $10M per year);
* He faults weak outside directors;
* The solution is for SHAREOWNERS to become more active in "limiting" management compensation.
His remarks and your data are very timely, given the upcoming shareholder vote on 5M additional ISO for IDCC employees on top of an already generous ISO plan including recent increases just last year and generous wages.
The Company's proposal to increae ISO shares at this time is a real slap in the face (and wallets) to shareholders. I hope Proposition #2 is solidly defeated by shareholders with a "NO" vote on Proposition #2.
Regards,
Corp_Buyer
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