Nokia Shareholders Fight Back

MohammedSameer writes "A group of nine young Nokia shareholders are fighting back. They posted an open letter for Nokia shareholders and investors asking to be elected in order to bring sanity back. They are also planning to challenge the company's strategy and partnership with Microsoft."

Comments

Re:wow 9 people!?

[magarity]

Why is this even being posted, it's 9 people who let me guess own 0.0000000% of the company?

Most big companies set the lower limit around 1,000 shares for anyone who wants to bring up any issue for a vote at the company shareholders' meeting. This can be anything from 'I nominate me to the board of directors' to 'presenters should not wear turtlenecks' to 'the company assets should be liquidated and the proceeds given to the homeless'. It then goes to a vote and since institutional investors who own a million shares at a time are there, anything frivolous or absurd gets immediately voted down.

Re:almost tempted to buy some shares

[TheRaven64]

1) He said 'outside the USA'. 2) He said 'phones' not 'smartphones'. Symbian featurephones outsell ALL smartphones, (including Symbian, Android, and iOS). The featurephone / smartphone distinction is pretty arbitrary from a user perspective - both can run third-party apps, but smartphones must expose a larger set of APIs.