The following will let you compare IDCC's outside directors with those of the top 200 U.S. companies. Obviously, IDCC views their directors as more than TWICE as valuable as those at the BIGGEST 200 U.S. corporations. In 2001, IDCC outside directors got an average of 42,000 options plus the $15,000 retainer plus expenses. The options and retainer, using the Black-Scholes options pricing for 2001 of $8.16 per share from IDCC's 10-K, were worth $357,720. Directors at the TOP 200 U.S. companies got an average total compensation of $152,626 in 2001. What a sad joke on us as shareholders.
I have nothing against people who take outsized risks getting outsized rewards. Even before the 1995 Motorola debacle, IDCC was a risky career move and business association because bankruptcy was always a real possibility. Again, common sense should apply here. Higher risks, higher rewards.
IDCC's Board of Directors First Year at IDCC .... .... Campagna - 1994 Bolgiano - 1974 Goldberg - 1993 Colson - 1995 Clontz - 1998 Roath - 1997
Will somebody please stop this crack crew of do nothing con artists from fleecing IDCC of $2.14M a year!!! Who knows? After creating more than $1B in shareholder value from 1998 to 2003, they might do the unconscionable and create more shareholder value in the next 2 years than anybody has managed to create in the last 22 years.
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