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]: ...
by M.Onty on Tue 24th Sep 2013 22:52 UTC in reply to "RE[4]: ..."
M.Onty
Member since:
2009-10-23

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.

...I think it is you who needs to re-read my comment.


Its ambiguously worded, but you are agreeing with each other. What the original statement should have been worded something like ...

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

Reply Parent Score: 2

RE[6]: ...
by Hiev on Tue 24th Sep 2013 23:13 in reply to "RE[5]: ..."
Hiev Member since:
2005-09-27

Yeah, afflicted is the keyword.

Reply Parent Score: 2