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[3]: ...
by ricegf on Tue 24th Sep 2013 20:25 UTC in reply to "RE[2]: ..."
ricegf
Member since:
2007-04-25

and notice how many competing products are now leveraging their Qt investment in mobile

And notice how much of them have succeded, zero, actually even going out of bussines like the BlackBerry.


Most are new and haven't launched their first product yet, so it's a little premature to be counting success and failure there. And Blackberry actually survived longer than Nokia, so that's a pretty weak poster child for your argument.

Yes, it was the potentially fatal disease that afflicted Nokia when Elop took over

That desease was there before Elop arrived.


If you re-read more slowly what I wrote, you'll find that you're agreeing with me. :-)

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