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ellismd

04/02/05 8:33 AM

#100525 RE: gman1962 #100522

I can't answer for Corp are anyone else but I am not looking for a proxy battle, but the real question is why so excessive and shouldn't pay for performance be somewhat governed by the shareholders vote. If Management comes thru and accomplish some major feats they would not have to fight, beg, or even back door shareholders with awarding themselvels stock options. I truly believe the majority of shareholders and equity fund managers would vote a resounding yes to a generous compensation award if managment actually completes a major task before rewarding themselves. There is a continued mistrust when management develops a work around to shareholders wishes to stuff there pockets. I even go one further to say reward them for a hard fought battle regardless of a defeat or win, but do you think are believe it is ethical what management have awarded themselves before knowing who won the battle. What is to be expected beyond what they have already awarded themselves if they successfully conclude Nok, Sam, and Lu, a 100M dollar comp package.
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Danny Detail

04/02/05 8:48 AM

#100529 RE: gman1962 #100522

gman .. Dead solid perfect post demonstrating an in-depth knowledge of how investing is played under what Loop described as "institutional rules." The scariest part is that many on this board have bet the farm on IDCC and the misguided actions of a few could destroy the financial futures of a significant portion of them. It would be bad enough if the proponents on this board of a proxy fight to oust Harry had professional expertise in such matters but as you pointed out they demonstrated last time that they are a bunch of bumbling amateurs. The professional shorts will have a field day, margin calls will be flying all over the place and you will be able to buy all the out of the money options you want at very low premiums. Moreover, they will have done more to harm Jim's Board than Once times ten.

I'm sure that the filibustering we see taking place on this Board leading up to the ASM comes as no surprise to you as it doesn't to me. I now consider it as sure as death and taxes.

Regards,
Brad

PS HEY AMS WILL YOU PLEASE STOP RESPONDING TO MY POSTS. I HAVE YOU ON IGNORE BUT IT IS CLUTTERING UP MY MAILBOX WITH THE FIRST FEW WORDS OF YOUR POSTS. BTW, I THOUGHT YOU HAD ME ON IGNORE?????