“Nokia Corp. says it will pay outgoing CEO Stephen Elop a compensation package of some $25 million (19 million euros) when he leaves the company to move over to Microsoft,” The Associated Press reports.
“In proxy statements to shareholders published Thursday, the Finnish company says the amount includes Elop’s base salary and equity awards of about 14.6 million euros,” AP reports. “”
Read more in the full article here.
MacDailyNews Take: Rewarding failure is not a sound foundation for the future.
May Stephen Elop be named Microsoft’s next CEO!
[Thanks to MacDailyNews Reader “silverhawk1” for the heads up.]
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Microsoft and Nokia can’t hide from the very, very ugly truth: Windows Phone is failing miserably – July 18, 2013
Nokia’s Stephen Elop: The worst CEO of all time – June 28, 2013
