Nokia's Elop Set To Receive $25 Million Bonus After Acquisition 196
jones_supa writes with an update on the Microsoft purchase of Nokia. From the article: "Stephen Elop, the former Nokia Oyj chief executive officer who is rejoining Microsoft, is set to get more than $25 million if the Finnish company completes the sale of its handset business to the software maker. Microsoft will pay 70 percent of the projected total amount of about 18.8 million euros ($25.5 million), and Nokia the remainder, according to a proxy filing by Nokia today. The value of Elop's reward is estimated using Nokia's Sept. 6 closing share price and may still change. Nokia shares have dropped by more than a third since Elop was hired on Sept. 10, 2010, even with the stock's gain since the sale to Microsoft was announced. Nokia shareholders are set to vote on the transaction Nov. 19. Elop will move back to Microsoft as part of the $7.2 billion takeover. He is also a candidate to succeed Microsoft CEO Steve Ballmer."
For some reason... (Score:5, Funny)
...the phrase "thirty pieces of silver" keeps coming to mind...
Nokia was RIPPED OFF! (Score:5, Funny)
I could have run their business into the ground for half that much!
Very good... and a better suggestion (Score:5, Funny)
when, not if; Elop rejoins Microsoft; Google and the Android phone developers could reward him another $1 bn for achieving the same spectacular success he did at Finland.
Returning to the Mothership (Score:5, Funny)
E-lop. Phone. Hoooome.
Re:Conscience? (Score:5, Funny)
CEOs and Weather Forecasters (Score:5, Funny)
Excerpt from the new reality gameshow: Shareholder Jeopardy
Like a dragon... (Score:5, Funny)
On a huge pile of money!
Re:Conscience? (Score:5, Funny)
Re:Exactly like Belluzzo (Score:3, Funny)
"Now I have become Richard, the destroyer of micro architectures."