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Intersil Corporation Message Board

  • datagrinder datagrinder Apr 1, 2013 8:25 PM Flag

    Inducement award

    This isn't good for shareholders. This guy gets $4Million above his salary and other options and perks just for maintaining the share price and coming to work for 4 years. This is a major disincentive to produce. It's not believable that there isn't someone out there who could do a better job for less, after all, that's what they are looking for in their employees. Also this will make it more difficult for someone to buy ISIL given they will now have to pay off this CEO. This isn't a good deal for shareholders. This is a horrible incentive. Incentives should be awarded to increase stock price, like options at a $10 or $15.00 strike price.


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    • Here's a prediction for you: Necip doesn't last 4 years.
      Laugh all you want....but I might be right. :-)

      • 2 Replies to robertwidlar
      • Robert: when you say "Necip doesn't last 4 years" are you implying that he leaves out of disgust or frustration, or that his non-action will cause the board to dismiss him? In my experience none of these guys leave on their own accord; they all have to be dragged out kicking and screaming (that's another way of saying the board has to pay them another $4M of stockholder money just to get them out).....

      • If you are waiting for any innovation to come out of this generation of SV exec's I hope you are holding your breath. You should notice that TI and ADI are both non-valley companies, I think their success is due to the fact they are not drawing from the same pool of in-breds. I will also say any truly successful projects out of Intersil and it formerly huge pile of cash was derived from product families that were largely of non-valley origin.

        Finally why will Necip last less than 4 years, buy-out maybe, but do you really think he won't perform up to the standards set by the board? Hopefully you will detect my sarcasm in that statement...... :-)

    • "It's not believable that there isn't someone out there who could do a better job for less"

      Who would you suggest?

      • 1 Reply to frnt692
      • It would be presumptuous of me to suggest someone; that's the board's job - what I'm saying is that they are overpaying and shareholders are bearing the cost.

        The analog battle is over - TI and ADI have won. There won't be be anymore SLABs or NSMs; just small specialties that fill niches. ISIL isn't going to change. They have a nice catalog of cash generating products and the cash generation can last a long time - but to expect them to open new markets with their resources is a huge stretch.

        The next challenger in the analog world will be someone who can roll up the small and medium sized companies and astutely manage the product lines. It's more of a financial game now; not that technology doesn't play a part - innovation and new products are required.

        ISIL is giving away it's excess cash to keep the share price up. The cash should be used for investment. An aggressive aggregator would see this. Not sure if anyone has the stomach in SV to do any work anymore. They just want to sit on their cash.

        ISIL needs to be acquired and the board should be looking at getting that done.


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