Replies to post #13242 on Rim Semiconductor Company (fka RSMI)

[austin01]

excel, I've tried to express some of these suggestions in the past, though not as eloquently and elaborately. Please consider presenting these suggestions at the Shareholders' Meeting if the situation does not change by then.

[doughjo]

Excel great post. I agree 1000000000000000000000%

[wheels]

If insiders bought stock and then funding was announced, it would be a "Martha Stewart" scenario. They don't dare buy stock now.

[cosmoworld7]

Excel, although your post was good when looking at it from a shareholders perspective, it is highly unrealistic and improbable. Do you really expect someone to do the stressful job of a CEO for peanuts (relatively speaking of course)? The average middle manager in my company makes $100,000+ a year. Much more for director, VPs, etc. It is very unrealistic for anyone to take a pay cut in any industry where they are not required to. Why should NVEI be any different - is it just because we are shareholders of this company? And please don't say they should do it out of the goodness of their hearts. This is the business world and capitalism is capitalism. Those who have the opportunity will take advantage of it - just like you or I would, given the opportunity.

Let me give you another example. I don't know if you are much of a hockey fan, but recently I was reading an article in the sports section of a newspaper and it was proposed that Eric Lindros, the star player of the New York Rangers hockey team should restructure his contract next year because of his poor play this past year. Lindros is scheduled to make $9,000,000 next year. It was proposed that they reduce his base salary to $3,000,000 plus bonuses based on performance that would get him to the 9 Mill level if he scored so many goals, points, etc. His response to this proposal was: screw that. And quite honestly, I don't blame the guy. Why reduce your salary when you don't have to - it just doest make any sense!

Don't get me wrong, as a shareholder in NVEI, I would love to see expenses reduced just like you do. But that sort of thing just doesn't make sense. Especially since their salaries are very reasonable compared to others in the industry. In fact it already is lower to start off with. Lets say Brad was making $500,000 a year. One may think that is too high and it should be reduced to $400,000 (a 20 % cut). See its all a matter of perspective. Someone like Brad could argue that he is already on a 'reduced' salary, and when revenue comes he will probably give himself a nice raise. So although I think your idea was thoughtful; don't expect to see it happen.