InterDigital Inc (IDCC)

[sophist]

On the other hand, if I follow your logic and if the stock Option Plan is defeated, Management may either (1)strive to drive current share price lower so they can purchase all the millions of previously authorized but not yet granted Options at a lower FMV, or (2)perhaps tread water for another year until the next opportunity to offer a stock Option Plan presents itself so as to be able to grant such Options at the lowest FMV they can manage to manipulate. I find the logic behind your speculations on the motivations of Management so preposterous that if I really believed this was the principle motivation for their actions, I would have little confidence in any of their business decisions and I would question the sanity of remaining invested in such a suspiciously criminally motivated if not mismanaged company.

I would think that the first priority of management is to do whatever it takes to keep their jobs (the single most important source of their income and financial security) and do the best job they can to maximize the success of their business and resulting shareholder value so as to reap the secondary rewards of (a)enhanced reputation and earning power and (b)whatever Options "come into the money" they have. I just don't buy your theory of management character and motivation upon which your argument largely rests.