Microsoft purchase of Nokia makes Elop $33 million richer
Instead of the $26 million that he originally was scheduled to receive, Elop will now receive $33 million according to a published report. The executive will receive $5.5 million in cash with the balance consisting of stock. The ratio of the payout remains 70% from Microsoft and 30% from Nokia.
There are many Nokia stockholders and supporters who will tell you that Elop's deal is quite generous compared to Nokia's performance under his tenure. Now that Devices and Service belongs to Microsoft, so does Elop, whose new business cards read vice president of Microsoft's Devices and Services.