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[xenist]

From Forbes:

This adjustment meant that unlike previous CEO’s, Elop was facing an instant, massive windfall should the following sequence happen to take place:

Nokia’s share price drops steeply as the company drifts close to cash flow crisis under Elop.

Elop sells the company’s handset unit to Microsoft under pressure to raise cash.

The share price rebounds sharply, though remains far below where it was when Elop joined the company.

If it's true then this is some soap opera level of corporate villainy there. I'm also sure Microsoft is as pure as the driven snow when it comes to this.

 

[Nikodemos]

And in today's "NO SHIT" news...

 

[DopeyFish]

Oh look! a Forbes blog again

 

[Divvy]

I dunno, I think Hanlon's Razor takes precedence here.

 

[Somnid]

Are there people who think Nokia wouldn't tank themselves? Or that Android would magically solve everything?

 

[Miles Quaritch]

Contributor?
.....Seems legit.

 

[The Abominable Snowman]

To be fair, this isn't exactly from Forbes.

 

[Kraftwerk]

Since there is so much speculation going on regarding this event, is Elop and Microsoft in trouble? Such as SEC investigating and putting them on trial for industrial espionage? Even if nothing comes out of the trial we will get a cheesy movie about it in 10 years.

 

[xenist]

Oh look! a Forbes blog again

Contributor?
.....Seems legit.

It is sourced. You have any arguments against it?

 

[areal]

So sad. MeeGo Harmattan for life.

 

[$h@d0w]

I'll hand it to this contributor dude, at least he's responding in the comments.

Articles like this with incendiary titles are usually fire and forget click bait but he is engaging with people.

 

[SeanR1221]

Such bullshit from both sides. How many people lost their jobs?

 

[ISOM]

I'll hand it to this contributor dude, at least he's responding in the comments.

Articles like this with incendiary titles are usually fire and forget click bait but he is engaging with people.

Most forbes articles are click bait.

 

[samn]

Isn't saying 'Forbes' wrote this a bit like saying 'Blogger' or 'Tumblr' wrote something that appears on those sites?

 

[Kenka]

Did Elop really have such clause in his contract ?
This is an effrontery.

 

[Wiktor]

 

[Guevara]

I believe.

 

[AdmiralPain]

The Iliad and the concept of the Trojan Horse is 3000 years old, so forgive me if I can't even feign surprise.

 

[Jackpot]

It is sourced. You have any arguments against it?

It's not by Forbes, but by a contributor. It's like saying "WordPress: Elop's contract..."

 

[xenist]

It's not by Forbes, but by a contributor. It's like saying "WordPress: Elop's contract..."

And you're an anonymous guy on a message board. It's like listening to the wind blow past my window.

It has a source. A Finnish newspaper went over the SEC filings and found this out. Did you actually read the post? Maybe I should pick my sources better. Like drunken twitter posts or something. Here for the lazy:

Nokia’s board of directors seems caught in a tragicomedy of epic proportions. The latest twist is Finland’s largest newspaper claiming that Nokia made a false statement about CEO’s bonus package last Friday. Pressed by Finnish and international media last week, chairman Siilasmaa had claimed then that the bonus structure of Stephen Elop’s contract in 2010 was “essentially the same” as the one the previous CEO had received. But the largest daily of the country, “Helsingin Sanomat”, decided to dig into SEC filings to investigate the matter. By early Tuesday morning, the newspaper had uncovered evidence that Nokia’s board had made fundamental changes in Elop’s contract compared to his predecessors.

 

[Technosteve]

So sad. MeeGo Harmattan for life.

Oh shit your like a fucking unicorn, N90 Was sooo good

 

[Ripclawe]

if the Finnish paper is true, then it's not a surprise. nothing he did made sense of trying to better nokia

 

[DarkFlow]

It was never surprising that Nokia got in bed with Microsoft. Elop was a damn Microsoft cronie.

 

[Jackpot]

And you're an anonymous guy on a message board. It's like listening to the wind blow past my window.

Do you make threads based on my musings too? And if you agree it's not by Forbes and/or the source's status isn't important why did you put "Forbes:..." in the thread title?

 

[Kenka]

Nokia is the flagship of the Finnish industry.
I am afraid Finns will seek revenge, one way or another.

 

[kharma45]

if the Finnish paper is true, then it's not a surprise. nothing he did made sense of trying to better nokia

Stopped them using Symbian on their top tier smartphones.

 

[Gattsu25]

Stopped them using Symbian on their top tier smartphones.

Didn't he announce that years before they actually stopped?

 

[kharma45]

Didn't he announce that years before they actually stopped?

He did the burning platform memo in February 2011 and by October they had the Lumia 800 out on Windows Phone, it's not as long a gap as I thought.

 

[Funky Papa]

Didn't he announce that years before they actually stopped?

MeeGo (well, Maemo back then) was a thing well before Elop came to Nokia, but it was pretty much a lone effort doomed to fail. Intel was its only supporter besides Nokia, and their MID idea bombed pretty hard.

Nokia only had to real chances: either go Android and risk being savaged by Samsung (which was already a force to recon) or align themselves with Microsoft and hope for the best.

 

[Junior Mint]

Cmon breh, he really needs the money
http://bgr.com/2013/09/24/nokia-elop-bonus-scandal/

Tuesday night’s big drama in Finnish media circles is being driven by the Helsingin Sanomat scoop that Elop is resisting Nokia’s pleas to reduce his bonus because he is getting divorced. Apparently Mr. Elop believes he cannot make his wife accept a reduction in the $25 million severance package. It is safe to say Finland has never witnessed melodrama like this when it comes to the best known company in the country.

 

[Guevara]

Oh wow. This story just keeps giving.