Stephen Elop to earn $25.4 million to return to Microsoft
posted by Michael H. / Sep 19, 2013, 1:16 PM
$7.17 billion paycheck Nokia will be receiving from Microsoft, but Nokia isn't going to be responsible for the majority of the payment. Microsoft is said to be taking care of about 70% of the payment to Elop. The majority of the payment will be paid in stock. The filing says that €4.1 million (~$5.6 million) of the payment comes from salary and bonuses and the other €14.6 million (~$19.8 million) in stock awards.This isn't much compared to the
The filing also says that Nokia has scheduled the general meeting to vote on the Microsoft acquisition for November 19th. There is little worry that the deal will not be approved, but some in Finland are saying that Microsoft should be paying more for Nokia, the idea being that despite the company's fall in the market over the last few years, Nokia has been one of the biggest mobile phone makers.
source: Financial Times
Posts: 1175; Member since: Apr 12, 2012
Payment for ruining a great company.
posted on Sep 19, 2013, 1:20 PM 26
Posts: 1548; Member since: Jun 04, 2013
"There is little worry that the deal will not be approved" what does this mean??? So is there still hope ??? I read an article in gsmarena that nokia still continue working on an Android smartphone(prototype).
posted on Sep 19, 2013, 2:02 PM 6
Posts: 49; Member since: Jun 13, 2012
There is still hope because Nokia shareholders haven't approved the deal.....an extraordinary general meeting is to conducted by Nokia in the month of November for shareholder's approval.....I just hope that they don't agree for it.
posted on Sep 19, 2013, 2:06 PM 15
Posts: 3165; Member since: Jun 19, 2010
indeed. I cant think of many men that has conned a group of intelligent investors and board members as well as Elop has done. Nokia could have possibly regained their #1 phone maker status if they didnt sell their soul to Microsoft and did a huge revamp of their software or went with Android instead.
posted on Sep 20, 2013, 5:36 PM 0
Posts: 95; Member since: Sep 26, 2012
Elop is either traitor or d***a**.He was CEO of nokia but worked for M$.a trojan horse..yaa.. nokia's board members were foolish enough to trust him.a lesson for everybody.
posted on Sep 19, 2013, 1:28 PM 24
Posts: 1488; Member since: Dec 29, 2011
"Elop to base , Elop to base , target is down and secure ...over !!!" Steve Ballmer - "Good job Mr Elop , your $25 million will be sent to your account in Geneva and we will be sending a team to extract you to base in 0300hrs...over " Elop -Roger That!! END OF TRANSMISSION RADIO SILENCE
posted on Sep 19, 2013, 9:27 PM 7
Posts: 182; Member since: Oct 14, 2011
I guess idiots can become millionaires.
posted on Sep 19, 2013, 1:38 PM 8
Do you watch tv? How does being an idiot have anything to do with being a millionaire? Watch reality tv and ask that again.
posted on Sep 19, 2013, 2:17 PM 2
Posts: 4744; Member since: Jan 28, 2011
Obviously Microsoft thinks he did a good job. He delivered them a respected, popular, high-quality phone manufacturer just when MS needed one. He's the devil to Nokia fans, but inside MS, he must be a freakin' god.
posted on Sep 19, 2013, 2:10 PM 5
For heavens sake... He had little to do with the whole transaction.. In fact it was Risto S. The chairman that did most of the talks. Also Elop can't and couldn't make any of the decisions without the board BUT I'm sure you all would rather cry that it was just Elop. This whole idea that he was the one that killed Nokia is complete nonsense and almost comical if you had any idea how a company is ran and the structures.
posted on Sep 19, 2013, 2:15 PM 8
Posts: 2815; Member since: Oct 03, 2012
Elop was a trojan horse, i hope the shareolders dont agree with the takeover! Nokia complained many times that MS was really slow updating WP and lacked of apps. I think this was just a setup so that Nokia would go down and MS could buy it at a cheap price. Nokia should dump MS and continue with their one path even if it means that for now they will have phones with Android. And Nokia should have kept Meego! Maybe they can use Sailfish OS, because Sailfish will be the next big thing!
posted on Sep 20, 2013, 1:54 AM 1
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