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[2]: ...
by Hiev on Tue 24th Sep 2013 18:36 UTC in reply to "RE: ..."
Hiev
Member since:
2005-09-27

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.

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

That desease was there before Elop arrived.

Reply Parent Score: 4

RE[3]: ...
by Nelson on Tue 24th Sep 2013 19:33 in reply to "RE[2]: ..."
Nelson Member since:
2005-11-29

For most people here, their knowledge of Nokia started February 2011. The disaster under OPK which precipitated thus entire mess never happened c

Reply Parent Score: 3

RE[3]: ...
by ricegf on Tue 24th Sep 2013 20:25 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. :-)

Reply Parent Score: 1

RE[4]: ...
by Hiev on Tue 24th Sep 2013 20:47 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

Reply Parent Score: 3