The Latest in IT Security

Elop’s Nokia “golden parachute” swells to $33 million


Former Nokia boss Stephen Elop will get 24.2 million euros ($33.4 million) in cash and shares after leaving the Finnish company, more than 25 percent higher than originally envisaged following a surge in its share price. Nokia announced in September a 5.6-billion-euro deal to sell its handset unit to Microsoft. Elop himself is returning to the software giant after the deal closed on Friday, and based on Nokias share price in September he had been in line to get around 18.8 million euros for the early termination of his contract. Elop, whose severance payment includes just over 4 million euros in cash, stood down as Nokia chief executive in September and led the phone unit from then until the closing of the deal with Microsoft.

Comments are closed.


SUNDAY, JULY 12, 2020

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...



Latest Comments