or it's "a good ol boy club" decision...which I believe it is.
This the first public company I am aware of that has elected to remove the CFO's link to the chief executive. IDCC now has the chief financial guy reporting to another financial guy, who IS NOT the chief, who reports to the chief executive. Therefore, our CFO is the 'chief' of what? The only reason I can see for this change is internal reward.
I am not reading anything else into this other than the boys figured out a way to toss a few more shekels at the team. At IDCC nothing has really changed IMO...other than raises and new potential bonuses. The future is in the CAFC's hands.
William J. Merritt
Chief Executive Officer, President and Director
Scott A. McQuilkin
Senior Executive Vice President, Strategy and Finance (formerly CFO)
Lawrence F. Shay Esq.
Chief Intellectual Property Counsel, Executive Vice President of Intellectual Property and President of Patent Licensing
Richard J. Brezski
Chief Financial Officer
(formerly Chief Accounting Officer, Vice President, Controller and Treasurer)
James J. Nolan
Executive Vice President of Research & Development
"The world is a dangerous place to live�not because of the people who are evil, but because of the people who don't do anything about it." �Albert Einstein
| 