| Welcome to WebmasterWorld Guest from 22.214.171.124 |
register, free tools, login, search, pro membership, help, library, announcements, recent posts, open posts,
|Pubcon Platinum Sponsor 2014|
|Nokia's Former CEO, Stephen Elop, To Get $25 Million Pay-Off|
Either way you look at it, this doesn't look good.
|Former Nokia chief executive Stephen Elop, will receive a $25.4m (£16m) pay-off when Microsoft's deal to buy Nokia's handset business goes through. |
Under the deal, Mr Elop will receive 18 months of his salary and money from incentive and share schemes.
Mr Elop moved from Microsoft to run Nokia in September 2010 and will return to his former employer when the deal is completed.
Microsoft will fund 70% of his pay-off, which has sparked anger in Finland.
The nation's economy minister, Jan Vapaavuori, reportedly said: "I find it difficult to understand the merits of this bonus."Nokia's Former CEO, Stephen Elop, To Get $25 Million Pay-Off [bbc.co.uk]
All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
WebmasterWorld is a Developer Shed Community owned by Jim Boykin.
© Webmaster World 1996-2014 all rights reserved