Linked by Thom Holwerda on Tue 24th Sep 2013 11:44 UTC
PDAs, Cellphones, Wireless

Finland is boiling with rage this weekend over the $25 M bonus payment the CEO Stephen Elop is set to receive as he leaves Nokia after his two-year tenure. Questions are now being raised by the oddest aspect of the bonus: the board of Nokia seems to have given Elop a $25 M incentive to sell the handset unit cheaply to Microsoft way back in in 2010. This effectively means that the board hired a man who was given a giant carrot to drive down Nokia's overall valuation and phone volumes while preparing a sale to Microsoft. What could possibly be a reason to structure Elop's original contract in this manner? Did the board in fact end up promising Elop more compensation in case he sells the phone division than if he runs it with modest success?

Vindication. We were right all along.

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RE: Comment by Nelson
by hamster on Tue 24th Sep 2013 12:58 UTC in reply to "Comment by Nelson"
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But of course, the small minds here are allergic to common sense and don't own any Nokia stock, never shorted any Nokia stock, and couldn't predict what the weather will be like tomorrow let alone the state of a company like Nokia. You have people who judge the company based off of the results of one division, and say its going to die.

If it's your kind of commen sence where should look at number out of context then i think you are correct about people being allergic.

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