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Other Thread About, Nokia gives CEO $6.2M |
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Your World & Experience
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Nokia gives CEO $6.2M to offset lost Microsoft pay
The Associated Press 05:43:26AM (EDST) Monday,March 13,2011. WASHINGTON (AP) — The executive hired to turn around mobile phone maker Nokia is getting $6.2 million to make up for the paychecks he lost when he left Microsoft last fall. Nokia CEO Stephen Elop received a payment of about $3.2 million (2.3 million euros) last October. That's from a filing Friday with U.S. regulators. He is due to receive another $3 million this October. Elop joined Nokia Corp. in September, ending a two-year stint at Microsoft Corp. He announced last month that Nokia's phones will switch to an operating system made by Microsoft in an attempt to revive the phone maker's fortunes. Although it remains the world's leading mobile phone maker, Nokia has been losing market share to Apple Inc.'s iPhone and handsets relying on Google Inc.'s Android operating system. -------------------------------------------------------------- * Don't ya wish you could get a $6.2mil payback ? ...or any kind of payed reimbursements for lost wages due to layoffs/unwarranted firings-sacks. *
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Yeah...Do That. |
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| $62m, ceo, nokia |
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