Microsoft purchase of Nokia makes Elop $33 million richer
posted by Alan F. / May 01, 2014, 4:00 PM
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.
Posts: 3535; Member since: Dec 21, 2012
Time for him to get a new Learjet.
posted on May 01, 2014, 4:07 PM 5
Posts: 269; Member since: Nov 13, 2012
33 mil reasons for him to bring Nokia to where it is. Naughty.
posted on May 01, 2014, 4:44 PM 10
Posts: 3902; Member since: Feb 04, 2013
Nokia's board members were stupid. Anyway I'm waiting for 2016, Nokia should come back and surprise us.
posted on May 01, 2014, 6:08 PM 4
Posts: 2458; Member since: Nov 28, 2009
This guy... ii❕ii
posted on May 01, 2014, 4:08 PM 3
Posts: 3487; Member since: Oct 26, 2012
Did I read that right, 5.5 mil in CASH ?! http://img.gawkerassets.com/im
posted on May 01, 2014, 4:09 PM 2
Posts: 1612; Member since: Jan 16, 2012
Interesting. He gets paid $33 million for "losing" his job, only to be hired, more like "transferred" to Microsoft's hardware division. Let's just call it what it really is, his bonus for trashing nokia so that MS could buy them up cheap and sell phones.
posted on May 01, 2014, 4:30 PM 7
Still waiting on that Nokia Lumia 1520 running Android 4.4 Kitkat :( And also the Lumia 1020, maybe that awesome camera would have had its maximum potential unleashed if it had had Android on it, most devs would have a field day ;)
posted on May 01, 2014, 4:34 PM 2
Posts: 17318; Member since: Jun 17, 2009
Trojan horse is nice work if you can get it.
posted on May 01, 2014, 4:37 PM 4
Posts: 3621; Member since: Jan 19, 2011
For years I defended this man. I did. I still do not see home as a Trojan Horse unless the entire Nokia board of directors were in on it. BUT.... This is just painful to read and leaves me needing a shower at the same time. 33 million for a job he either bailed on half completed if you are generous or totally failed at if you are not. Just feels wrong on every level.
posted on May 01, 2014, 5:02 PM 4
Posts: 2478; Member since: May 06, 2009
So who is a more hated short term CEO: Stephen Elop, or Leo Apotheker?
posted on May 01, 2014, 5:54 PM 1
Posts: 1798; Member since: Jan 07, 2014
Nokia did not lose with WP, according to Kantar world panel the OS grew in More Places than any other OS. Elop made the right choice, its not like Nokia did not have a board of directors who influenced decisions. Every other OS has adopted the Windows Phone flat UI trend instead of Skeuomorphism, haters gonna hate, it is what it is. New smartphones will still be coming with the brand Nokia attached for sometime to come, the same employees will be making those devices. Nokia may have changed hands but the people who made Nokia the brand it is today still remains and are working on future Lumias they just have more money now to show of that greatness, how is that a bad thing?, its a great thing.
posted on May 01, 2014, 9:14 PM 0
Posts: 7225; Member since: Mar 16, 2013
Growth is easy when you have little to no sales to begin with. 30 million WP sold last year in 2013. Android sold 796 million. Apple sold 150 million. There was 1 billion smart phones last year. So WP has 3% of the market. Nokia sells over 90% of all WP devices and not only did lumia sales drop last quarter to 8.2 million. Nokia declined 30% in sales for this quarter in Q1 2014. Also if its doing so well. Why is Microsoft giving away free WP this weekend if you go into a Microsoft store? Is it because they are selling well. No its the exact opposite. The are desperate for sales and revenue for WP. Why else do you think they released 3 nokia X devices running Android instead of using WP.
posted on May 01, 2014, 10:20 PM 2
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