Danny- We owe it management and to shareholders to make a reasoned and responsible decision as to the requested pay increase (5M more ISO shares)
Whether or not ...
* there is "momentum on their side";
* the stock is at a 3 year high point;
* the CC met our expectations;
* Q1 was good;
* there is good news in the near future;
* you have total trust in management;
* we know the business plan of the company in detail;
* the fundamentals are strong;
* we expect greater than average stock price appreciation;
* we decide individually to buy, sell, or hold our stock;
* etc.;
such factors are separate from our reasoned good judgment as to putting in place ANOTHER long term significant pay increase for employees at the company at great cost to shareholders (us).
The requested 5M ISO increase will probably amount to many 10's if not 100's of millions of dollars to a small number of folks PERSONALLY.
So, is this added cost to shareholders really necessary? And, to what extent might this potential PERSONAL windfall be affecting their behavior?
I think this large pay increase is not needed nor desirable given the already very generous pay package we owners have already put in place at IDCC.
The BoD works for us and thereby the executives work for us. We owe it to them and to shareholders to make a reasoned and responsible decision as to the requested pay increase. Management is asking us for a long term pay raise at great cost of dilution to shareholders (you and me). Shareholders have already incurred a 50% cost in potential dilution and the added 5M shares will increase that cost to 60% (based on shares outstanding just 4 years ago).
IMO, NO more pay raises are needed at this time so I will therefore vote "NO" on proposition #2 and I urge all shareholdrs to do the same.
Best Regards,
Corp_Buyer
