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.

Permalink for comment 573058
To read all comments associated with this story, please click here.
RE[3]: Comment by Nelson
by hamster on Tue 24th Sep 2013 17:53 UTC in reply to "RE[2]: Comment by Nelson"
Member since:

Why don't you give my numbers context then, genius? Otherwise keep spinning on your wheel.

There are absolutly no reason for you to talk down to me like that. I will try to refrain from sinking to your favorit level.

If you want to deliver numbers to sustain your 'arguements' it would be easier to take you serious if you used context. You know like when you say they increased sales by X%... Oh yay thats big. If i sell one phone today and sell 2 tomorrow guess what... i increaed my sales with a 100% aswell. Impressiv not really but when taken out of context it does seem quite impressiv...

Or when you talk about YoY or QoQ sales how to their sales compare against the marked? Are they eating away of the competion or are they actually loosing markedshare? Numbers without context is just like Microsoft shills useless...

Reply Parent Score: 9