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Nokia Corporation Message Board

  • only4toes only4toes Sep 25, 2013 3:18 PM Flag

    ELOP what am i missing ?

    let me see if i understand this.. .i know that i'm missing something
    in september 2010, SE was member of MSFT's senior leadership team and head of their business division. he "LEAVES" msft and immediately becomes nokia's CEO, at a salary of $1.4m with a $6m signing bonus.
    SE then completely kills sales with his "burning platform" memo. (unplugging symbian and meego)
    lays off 11,000 employees, cuts the annual dividend... lays off another 10,000 employees and closes 4 facilities. during his 2.5 year "restructuring" tenure, nokia stock DROPS 83%.
    and he is "re-employed" by MSFT as executive vice-president . all of this with a $25m package, which was changed (enhanced) on the same day as the D&S sale was announced. according to form 20-f, his contract calls for accelerated vesting with an ownership change (sale) of the company.... that hasn't happened; only the D&S division was sold. Early 2013, the BOD realized they couldn't financially compete with apple/google
    and HAD no other viable options.

    Sentiment: Hold

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5.70-0.02(-0.35%)Aug 25 4:02 PMEDT