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There is a possibility, however remote, that Sam and MS orchestrated the whole thing.
by thelittleone 3y ago
There is a possibility, however remote, that Sam and MS orchestrated the whole thing.
- Uehreka 3y agoThere is also a possibility, however remote, that Aliens are involved somehow. But until we have evidence for any of these remote theories, I’d argue they’re all equally uninteresting.
- croes 3y agoBut we never saw Alien interference but saw MS's Nokia takeover.
- pjmlp 3y agoEveryone that keeps repeating this should read the Finn newspapers of the time, regarding how Nokia board decided to get Elop, and then give him a contract with a bonus clause in case he managed to sell Nokia Mobile business unit. Ex-Nokian here.
- croes 3y agoGot a link? It's hard to search foreign press.
- pjmlp 3y agoHere from the Forbes, https://www.forbes.com/sites/terokuittinen/2013/09/24/nokia-admits-giving-misleading-information-about-elops-compensation/?sh=795add1e18bc https://www.forbes.com/sites/terokuittinen/2013/09/24/nokia-... "According to changes implemented in 2010, Elop was entitled to immediate share price performance bonus in case of a "change of control" situation" And then a couple of related articles, https://www.forbes.com/sites/joanlappin/2013/09/25/anger-at-nokias-elop-spreads-from-his-wife-to-the-finnish-prime-minister/?sh=4ed7da7b85c3 https://www.forbes.com/sites/joanlappin/2013/09/25/anger-at-... "Nokia chief executive Stephen Elop is catching heat today in Finland after the country’s biggest newspaper, Helsingin Sanomat, reported that Elop was guaranteed a $25 million payment if he was able to sell Nokia’s cellphone business." https://venturebeat.com/mobile/finns-are-in-an-uproar-over-elops-25m-bonus-for-selling-nokia/ https://venturebeat.com/mobile/finns-are-in-an-uproar-over-e...
- croes 3y ago>This adjustment meant that unlike previous CEOs, 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. Sorry but that sounds more like clever negotation from Elops's side and like a naive blindsided board.
- pjmlp 3y agoThe contract was signed before he joined, and that sale clause did not materialise after the fact.
- trashtester 3y agoWhich one, Elon or Zuck?