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[5]: Comment by Nelson
by Nelson on Tue 24th Sep 2013 19:30 UTC in reply to "RE[4]: Comment by Nelson"
Nelson
Member since:
2005-11-29

I've addressed Tomi's garbage many, many times in the past. Its just time consuming to dig up the sources to counter that wall of text everytime its copy and pasted here. And people don't generally seem to care about the facts of the matter, so it isn't worth my time.

If you are personally interested though, there is a website which debunks many of his claims(go figure a guy so wildly misleading and inaccurate that he has a website dedicated to disproving his nonsense)

http://dominiescommunicate.wordpress.com/

Read just a few of them, they're really well written by a Nokia insider.

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