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Microsoft beware: Stephen Elop is a flight risk (2008)
- wccrawford 16y agoMaybe making it more valuable to leave than stay was a bad idea, huh? If someone offered me $800,000 to stay, or $1.8million to leave, I'd leave, too! Especially if I could be working somewhere else during that time as well.
- borism 16y agosure, if ones primary objective in life is climbing corporate ladder as high as possible and making as much money as possible in the process, that makes pretty good strategy.
- rbanffy 16y agoConsidering his job until now at Nokia, I would say that making it more valuable to leave should be the highest priority to anyone foolish enough to hire him. Whoever does professional placement for him, however, deserves serious credit.
- ahrens 16y agoWell, in light of this, we should all check the news for Elop's name in about a year from now...
- mgkimsal 16y agoSeems to me there should be longer delay periods on bonus payments of that scale. Granted, I'm not living in that stratosphere, but ... yeah, as someone else said, if I could leave after 1 year (to the day) with an additional 1.8 million for no more work, or stay (and commute) for less than half that... why would you? The 1.8 could have been there for 'time on job' of, say, 3 years, or 5. Or pro-rated to the time spent on the job? This reminds me a bit of the 'bankers' on wall street a couple years ago. "But if we don't offer sweet deals like these, this top talent won't come work for us!". Do you really want to incentivize 'top talent' to leave on day 366 (or, in wall street's case, take massive risks)?
- plinkplonk 16y agoFrom the article, "After he had been working at Adobe for about six months, Elop told the company in June 2006 he’d be leaving, setting his departure date as Dec.5, one year to the day since he had been hired." "At Juniper, Elop resigned on Wednesday (2008) — also one year to the day from when he started " And then Microsoft for two years. And now Nokia. What kind of impact did he make on all these companies (given the tiny amounts of time spent in each) that made Nokia think he had the chops to rescue them? Genuine question. And to think that when underpaid developers move frequently , they are "bad hires" e.g: "Never hire job hoppers. Never. They make terrible employees." - Mark Suster (HN discussion at http://news.ycombinator.com/item?id=1287110 http://news.ycombinator.com/item?id=1287110)
- sudhirc 16y agoSeems like he is hiding an e from his last name :) Stephen Elope is his real name. He runs away to marry a new company every other year.
- danielsoneg 16y agoFirst piece of good news Nokia's gotten all week.