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If the Nokia board had not hired Elop or had fired him in time, Maemo would have been a third mobile platform alternative today - one likely far more open than

If the Nokia board had not hired Elop or had fired him in time, Maemo would have been a third mobile platform alternative today - one likely far more open than Android. Elop was a truly successful Nokia saboteur. An illustrative case study of how a single CEO can destroy a company for his self-profit and go out laughing with no legal repercussions.

raverbashing 6y ago
Nokia's error was not firing the Symbian activists before it was too late If they had set full sail on Maemo, it would have been the 3rd platform today.
pjmlp 6y ago
WRONG! Elop did exactly what the Nokia board asked him to do. All anti-Elop bashers should read about what happened before spreading this content.
- pessimizer 6y ago
  Elop was awful, but I agree that he was exactly what the board wanted (from everything I heard at the time and since.)
- walterbell 6y ago
  Any recommended links? Did anyone look into which funds shorted Nokia as market cap dropped from 30B?
  - pjmlp 6y ago
    Yes, you can start here > A Finnish newspaper has uncovered information in the SEC filings for Nokia's sale to Microsoft that show former Nokia CEO Stephen Elop had a huge incentive to unload the company in the form of a $25.5 million US bonus that he would get in the event of a "change of control" in the mobile company. https://www.cbc.ca/news/business/stephen-elop-to-get-25-5m-for-selling-nokia-to-microsoft-1.1867972 https://www.cbc.ca/news/business/stephen-elop-to-get-25-5m-f... Followed by Tomi T Ahonen posts, https://communities-dominate.blogs.com/brands/nokia/ https://communities-dominate.blogs.com/brands/nokia/
- lenkite 6y ago
  Yes, please do your own research and read on how the Nokia's board of Directors saw the memo as an act of misjudgement and how Chairman Jorma Ollila gave bitter feedback for it at a board meeting. During Elop's tenure, Nokia's stock price dropped 62%, their mobile phone market share was halved, their smartphone market share fell from 33% to 3%, and the company suffered a cumulative €4.9 billion loss
  - pjmlp 6y ago
    Former employee. I happened to be in Espoo office during the week the memo came out, to give a training on NetAct related technologies. No research needed.
    - deleted 6y ago
      [deleted]

raverbashing 6y ago

Nokia's error was not firing the Symbian activists before it was too late If they had set full sail on Maemo, it would have been the 3rd platform today.

pjmlp 6y ago

WRONG! Elop did exactly what the Nokia board asked him to do. All anti-Elop bashers should read about what happened before spreading this content.

pessimizer 6y ago
Elop was awful, but I agree that he was exactly what the board wanted (from everything I heard at the time and since.)
walterbell 6y ago
Any recommended links? Did anyone look into which funds shorted Nokia as market cap dropped from 30B?
- pjmlp 6y ago
  Yes, you can start here > A Finnish newspaper has uncovered information in the SEC filings for Nokia's sale to Microsoft that show former Nokia CEO Stephen Elop had a huge incentive to unload the company in the form of a $25.5 million US bonus that he would get in the event of a "change of control" in the mobile company. https://www.cbc.ca/news/business/stephen-elop-to-get-25-5m-for-selling-nokia-to-microsoft-1.1867972 https://www.cbc.ca/news/business/stephen-elop-to-get-25-5m-f... Followed by Tomi T Ahonen posts, https://communities-dominate.blogs.com/brands/nokia/ https://communities-dominate.blogs.com/brands/nokia/
lenkite 6y ago
Yes, please do your own research and read on how the Nokia's board of Directors saw the memo as an act of misjudgement and how Chairman Jorma Ollila gave bitter feedback for it at a board meeting. During Elop's tenure, Nokia's stock price dropped 62%, their mobile phone market share was halved, their smartphone market share fell from 33% to 3%, and the company suffered a cumulative €4.9 billion loss
- pjmlp 6y ago
  Former employee. I happened to be in Espoo office during the week the memo came out, to give a training on NetAct related technologies. No research needed.
  - deleted 6y ago
    [deleted]