CEO Stephen Elop to Nokia: I'm getting a divorce, so I need all of the $25 million
0. phoneArena 25 Sep 2013, 06:38 posted on
In light of Nokia's CEO Stephen Elop exorbitant for the Finish phsyche "golden parachute" compensation of $25 million, a local newspaper did some digging in the SEC disclosures about the Microsoft-Nokia deal, and found out that Elop was given special clauses in his contract that were unavailable to the previous, Finnish CEO...
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1. PhansMuneeb (Posts: 371; Member since: 28 Jan 2012)
so it was all planned from the beginning as we know.
6. xperiaDROID (banned) (Posts: 5629; Member since: 08 Mar 2013)
Don't forget, Nokia shareholders still haven't approve the Microsoft acquisition deal, so there's still hope for Nokia to keep making phones.
9. ScottSchneider (Posts: 334; Member since: 06 Dec 2011)
MS would have already thought of that as much we do the same... They would close anyone's mouth with the kind of $$$ that they have... So it is futile to believe that Nokia will be back to square one...No squares for Nokia to move -> Check Mate... RIP Nokia is the best there is...
10. pokharkarsaga (Posts: 384; Member since: 23 Feb 2012)
it will be better for nokia if this acquisition doesnt happens.so that nokia can adopt sailfish os or ubuntu os. i dont like android on nokia
47. joey_sfb (Posts: 5809; Member since: 29 Mar 2012)
After the damage Nokia takes from Elop, Nokia don't have the resources to stand on their own.
Even relying on the Android ecosystem is too little too late and that's what M$ and company hope to buy Nokia on the Cheap. I just hope some player to step in and offer a higher price and force M$ to bleed out as well. I wonder whether Google to do a cash infusion to Nokia to make Android phones. That way M$ would be desperate and pay more to Nokia for the purchase.
51. Alex123 (Posts: 241; Member since: 17 Oct 2012)
You don't like Android on Nokia but in order to survive Nokia should continue making WP and Android at the same time. However, Android is the outstanding OS and so many people love it.
39. downphoenix (Posts: 3165; Member since: 19 Jun 2010)
Yea but the damage is done. The shareholders will probably agree to just take their chump change and move on.
46. akki20892 (Posts: 3901; Member since: 04 Feb 2013)
Yes I agree, lets wait and see. Hold your breath for next year, what is Nokia project N? Nokia with Android.
26. asingha94 (Posts: 295; Member since: 08 Apr 2012)
He is also the biggest a**hole of this era!
23. rms.max (Posts: 95; Member since: 26 Sep 2012)
"Long story short, that's exactly what happened with Nokia in the span of just three years, confirming once again that whichever company has had similar dealings with Microsoft usually ends up on the losing side, and, just like a few analysts were warning, this might have been Ballmer's plan all along."
Ballmar actually ruined the image of M$ also.he is evil ..& all ELOP cares about is money.He is the trojan horse of M$.
***This incident actually Breaks the moral of business.Now everybody will be little scare To Trust Their CEO .
25. Reluctant_Human (Posts: 886; Member since: 28 Jun 2012)
Completely agreed rms. Where are all the Elop supporters now that the truth is out?
F*** Elop and F*** Ballmer. People like that are the reason why american businessmen and practices are seen in such a negative light in the rest of the world. No CEO should have a clause for getting a bonus for ruining a company. It makes me sick.
35. tacarat (Posts: 778; Member since: 22 Apr 2013)
Sadly, Borders Books had similar corporate rapists. And BB. I wish I could get paid a few hundred grand to run a business into the ground. I'll work my way up to their level soon enough.
32. Caralho (Posts: 119; Member since: 18 Jun 2012)
Today's CEOs are a little better than gangsters. They should all be rounded up and sent to a work camp in Alaska.
38. haseebzahid (Posts: 1853; Member since: 22 Feb 2012)
moroal of the story if you own a big company never sign a deal with a an American at all
41. lyndon420 (Posts: 4454; Member since: 11 Jul 2012)
Yup...I agree. Saw this Trojan horse coming a mile away. Congrats to ms for taking a reputable company and driving it into the ground.
50. Alex123 (Posts: 241; Member since: 17 Oct 2012)
I am really excited if the deal fails so we would see the possibility of both android and WP with Nokia brand on it.
18. Nathan_ingx (Posts: 3865; Member since: 07 Mar 2012)
I'm pretty sure this was reported different in other sites.
I find a massive negative stench on this one.
49. phil2n (Posts: 487; Member since: 30 Apr 2012)
I remained silence for a long time because I believe in Stebum Eflop, but this is to much. Only if I know that this was going to happen. at the 1st quarter as CEO I should have kick his ass, shoot a ray gun, and finished him with my energy ball in his mouth.. F**k You ELOP
3. Googler (Posts: 813; Member since: 10 Jun 2013)
Sounds like a real tool. Hate to say it but the workers of companies like this need to rise up and make their voices heard, CEO's who get paid large volumes of money to run companies into the ground is a practice that needs to end, permanently.
33. dorianb (Posts: 599; Member since: 24 Oct 2012)
It is generally assumed that the word “sabotage” had its origins in the French word sabot, which refers to a large, heavy wooden clog made of a single piece of wood and worn by workers. However, there are quite a few theories of the link between those clogs and a word referring to the deliberate destruction of property by an enemy or protesting workers, and even a theory that the word relates to a different sort of shoe altogether.
Possibly the most common theory of the origin of the term is that the first instances of sabotage were French Luddites who threw their wooden clogs into powered looms to clog the machinery during the Industrial Revolution. However, some historians doubt such an origin of the term. In any event, it seems unlikely that poor workers would have thrown their own shoes away and that they could certainly have accomplished the same purpose with other, less valuable, pieces of wood that would have been more difficult to link to the workers responsible.
4. itsdeepak4u2000 (Posts: 3718; Member since: 03 Nov 2012)
F**k u Elop...He's a trojan sent by MS who betrayed and sold Nokia and now wanting to eat Nokia's every single penny. He brought Nokia down from sky to ground by sticking with WPs otherwise we would have been enjoying Nokia's Android devices. Such a shameful person he's bringing lots of excuses of divorce and everything else. I think his wife understood that he'll also sell her for money that's why she's divorcing him.
5. shy2papa (Posts: 312; Member since: 23 Jan 2010)
Hate to say i told you so, LOL my ass off. nokia was getting s******ed by MS all these years and all they had to do was send in there Trojan Horse "Elop" make the company less relevant and then buy it cheap.
7. AhmadAlsayegh (Posts: 293; Member since: 18 Jul 2011)
man, I feel a sudden urge to smash my 820 to the wall
8. troutsy (Posts: 311; Member since: 17 Feb 2012)
Really, really terribly written article. Who's editing this garbage?
11. abhilashpro (Posts: 17; Member since: 25 Jun 2012)
Agreed. An interesting article has been spoiled by lousy grammar and language. I've understood only half the story.