x PhoneArena is hiring! Reviewer in the USA
  • Options

Stephen Elop to earn $25.4 million to return to Microsoft

0. phoneArena posted on 19 Sep 2013, 13:16

Stephen Elop is already a very rich man, and given that he has the inside track on being the next Microsoft CEO, he will undoubtedly continue to make gobs and gobs of money before his career is over. Even so, Elop is set to earn a hefty chunk just for being part of the acquisition of Nokia's devices unit by Microsoft. According to a new filing, Stephen Elop is owed €18.8 million (~$25.4 million) in order to return to Microsoft...

This is a discussion for a news. To read the whole news, click here

posted on 19 Sep 2013, 13:20 26

1. Tsepz_GP (Posts: 1042; Member since: 12 Apr 2012)

Payment for ruining a great company.

posted on 19 Sep 2013, 14:02 6

9. LetsBeHonest (Posts: 1526; Member since: 04 Jun 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 19 Sep 2013, 14:06 15

10. varuntis1993 (Posts: 49; Member since: 13 Jun 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 19 Sep 2013, 14:08 2

12. LetsBeHonest (Posts: 1526; Member since: 04 Jun 2013)

Thanks buddy thx for the info.

posted on 19 Sep 2013, 16:36 1

17. -box- (Posts: 3991; Member since: 04 Jan 2012)

The deal also has to pass US and EU regulatory approval.

posted on 20 Sep 2013, 17:36

33. downphoenix (Posts: 3165; Member since: 19 Jun 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 19 Sep 2013, 13:28 24

2. rms.max (Posts: 95; Member since: 26 Sep 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 19 Sep 2013, 13:34 10

3. akki20892 (Posts: 3902; Member since: 04 Feb 2013)

That's a good shot buddy, I agree.

posted on 19 Sep 2013, 13:42 6

5. rms.max (Posts: 95; Member since: 26 Sep 2012)

If Elop was a trojan horse,M$ should make him their CEO.But IF he is a foolish d***a** ,then M$ should not.Who knows he may end up selling M$ to apple.Last one was a joke. :D

posted on 19 Sep 2013, 14:07 7

11. LetsBeHonest (Posts: 1526; Member since: 04 Jun 2013)

"He's a spy. Captain, he is "The" spy. His secrets have secrets."
Tony stark (avengers)

posted on 19 Sep 2013, 21:27 7

22. RaKithAPeiRiZ (Posts: 1488; Member since: 29 Dec 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!!

posted on 20 Sep 2013, 08:16 1

32. Diego! (Posts: 677; Member since: 15 Jun 2009)


posted on 19 Sep 2013, 13:38 8

4. Ravail (Posts: 182; Member since: 14 Oct 2011)

I guess idiots can become millionaires.

posted on 19 Sep 2013, 14:17 2

15. papss (unregistered)

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 20 Sep 2013, 02:39 1

31. Pancholo (Posts: 380; Member since: 27 Feb 2012)

But, but, but... the majority of faces in reality TV shows are idiots.

posted on 19 Sep 2013, 13:55 3

7. tedkord (Posts: 14133; Member since: 17 Jun 2009)

Awesome. $25 million for digging the last few feet of Nokia's grave. This is why people distrust big business. CEOs get rewarded no matter how poor a job they do.

posted on 19 Sep 2013, 14:00 9

8. amasog (Posts: 443; Member since: 22 Aug 2013)

he's returning to microsoft, because he's mission has been accomplished..

& that mission? bring nokia with him on his return! LOL!

now i am moving away from nokia, xperia Z1 is on my radar..

posted on 19 Sep 2013, 14:10 5

13. roldefol (Posts: 4365; Member since: 28 Jan 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 19 Sep 2013, 14:15 8

14. papss (unregistered)

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 19 Sep 2013, 17:49

19. tigermcm (Posts: 860; Member since: 02 Sep 2009)

thank you for making sense. unfortunately the majority of those that comment forgot the ceo is the face of the company and the board makes the decisions

posted on 19 Sep 2013, 22:15 2

24. Penny (Posts: 1672; Member since: 04 Feb 2011)

Yep, you make sense. However, I would note that a CEO is usually the company's best evangelist, and therefore often capable of selling even the board on ideas that he/she wants to see pass.

posted on 19 Sep 2013, 15:08 2

16. Antonyjoseph (Posts: 217; Member since: 06 Apr 2013)

Elop the Mole, Elop the termite. Destroys Nokia and hands it over to MS for Peanuts. Anyone who brokers such a deal will obviously get a good commission.

posted on 19 Sep 2013, 16:54 1

18. robinlim85 (Posts: 86; Member since: 03 May 2013)

if the deal fail through and nokia ditch elop to build new nokia android phone,nokia share will soar 10 time the price now,take my words for that

posted on 19 Sep 2013, 17:58

20. AfterShock (Posts: 3698; Member since: 02 Nov 2012)

Haha that's a first isn't it,.... asking for the horse back.

posted on 19 Sep 2013, 20:11

21. Furbal (unregistered)

If his decisions are proven to have been in favor of devaluing stock so it can be bought cheaper, he needs to go to jail for a long long time.

posted on 19 Sep 2013, 22:13

23. charles007 (Posts: 2; Member since: 03 Sep 2013)

the trojan effect..

posted on 20 Sep 2013, 00:57

26. ANANDALTER (Posts: 124; Member since: 07 Feb 2013)


posted on 20 Sep 2013, 00:58

27. ANANDALTER (Posts: 124; Member since: 07 Feb 2013)


posted on 20 Sep 2013, 01:20 1

28. JunkCreek (Posts: 407; Member since: 13 Jul 2012)

Eloop... U busturd...

posted on 20 Sep 2013, 01:54 1

29. SIGPRO (Posts: 1883; Member since: 03 Oct 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!

Want to comment? Please login or register.

Latest stories