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[4]: ...
by Hiev on Tue 24th Sep 2013 20:47 UTC in reply to "RE[3]: ..."
Hiev
Member since:
2005-09-27

Most are new and haven't launched

That's my point, it would took Nokia many years to deliver what it is already delivering with Windows Phone, BlackBerry failed to make profit with Qt, developers were simple not interested, what makes you think the other vendors using Qt won't have the same fatal luck?

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

I don't, In my comment I explain the mess Nokia was before Elop arrival, the problems they had figuring out what toolkit to use, trying to prolonge the life of Symbian, I think it is you who needs to re-read my comment.

Edited 2013-09-24 20:54 UTC

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