Again, IDCC is not alone in the compensation experiment gone terribly wrong IMO. There is absolutely no reason to compensate anyone with stock, options or any variant when we have hundreds of millions in the bank. Pay everyone great salaries and bonuses for great performance and if the employees view the company as a great investment, then they can take some of their pay and bonuses and invest in the company themselves. If they don't perform great, don't pay them great, it is as simple as that. The amount of stock granted is still too high, even after 2003 IMO. Other than new employees who could get stock or options 1 time, vested over a period of years, employees should be paid in cash if the company can afford it. The fact is with the LTCP we don't have a clue as to what the total number of shares being granted is because management continues to change it.
If employees used their own money to invest, then they would would be aligned with shareholders. Continuously giving stock does not align the long term outlook because it didn't cost them a thing and then they continually sell because they know more is coming. I know in today's day and age, not giving stock is heresy, but I hope some day we get back to that type of compensation structure because it has gotten way out of hand IMO. THIS will be my last post to you on the matter.
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