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Nokia's Elop Set To Receive $25 Million Bonus After Acquisition
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."
...the phrase "thirty pieces of silver" keeps coming to mind...
I could have run their business into the ground for half that much!
AntiFA: An abbreviation for Anti First Amendment.
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.
If you keep throwing chairs, one day you'll break windows....
E-lop. Phone. Hoooome.
How does he sleep? On the finest silk sheets, of course. Morality is for the little people.
I'll take, "Professions You Get Paid No Matter How Much You Fuck Up" for $25 million Alex.
Excerpt from the new reality gameshow: Shareholder Jeopardy
On a huge pile of money!
0 1 - just my two bits
Elop looks like Dogbert inside a human costume to me.
Tomorrow is another day...
"Now I have become Richard, the destroyer of micro architectures."