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Canadian hug: No bonus for Nokia employees as Elop grabs $25 million

29
Jan
2014

According to a Nokia intranet post acquired by BGR India, Nokia will not be handing bonuses to its handset unit employees for 2013. Exiting CEO Stephen Elop, however, will still get a $25 million bonus for engineering the sale of the phone division to Microsoft. The news actually comes as a surprise to many Nokia employees. Internally, Elop made a very positive early impact at Nokia, appearing to be a friendly, grounded Canadian dedicated to being a champion of loyal long-term employees. According to discussions with several Nokia handset managers, many of them believed he really cared for mid-level workers who had been at Nokia for 5 to 15 years. Eliminating possible future rivals ruthlessly is not the only key aspect of Elop’s career success — his ability to project

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