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90

Stephen Elop picks up $25.2 million as he leaves Nokia for Microsoft

Stephen Elop

Two and a half weeks ago Microsoft announced their intent to buy the devices and services division Nokia. At that time, Stephen Elop stepped down as CEO of Nokia to become the VP of the devices and services division. This would allow him to move to Microsoft when the deal completes sometime in early 2014. He’s also getting a hefty payout as part of the deal. How much?

Stephen Elop is picking up $25.5 million as he leaves Nokia and joins Microsoft. Around 70% of that total will be paid by Microsoft, while Nokia picks up the remaining 30%. Which isn’t a bad sum of money at all when you remember that he earned $6.2 million when he left Microsoft for Nokia in a similar deal a few years ago.

Many have accused Stephen Elop as being a shill for Microsoft. Even though the past year of negotiations was led by Nokia chairman Risto Siilasmaa. Don’t forget to read the inside story of how Microsoft came to buy Nokia’s handset division.

Stephen Elop is now considered by many to be a front runner for the CEO position at Microsoft. In fact, he’s gone from an external to internal candidate in the hunt for the next hefe at Microsoft. What do you think of Stephen Elop as CEO at Microsoft? Good position for him or should he remain the VP of Microsoft’s own devices division when he joins? Sound off below.

Source: NY Times

Thanks for the tip Darwin H!

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Comments

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JoRdaNeK says:

There's something about his face.....

JoRdaNeK says:

.......hmmmm........

JoRdaNeK says:

.......league of gentlemen?

You replied to yourself twice in less than a minute.

Just thought.....

.... I would point that out

inurear says:

let's not make this a running joke...

inurear says:

that would be meaningless and annoying

JoRdaNeK says:

Sorry, next time if i want to have a consecutive thought spree

JoRdaNeK says:

...I'll remember to have them all at once...

JoRdaNeK says:

...instead of consecutively :P

Hoekie says:

That's no update. It's the same leak from Eldan. Just ignore it.

Your welcome guys... EvoLuTioNHeaVy= Darwin

Dantekai14 says:

yeah! that Greed. 
This Greedy Flop bring down legend company and sold it to MS.
What you expect from Most Flop CEO of the millennium.
 I think anyone except this a$$ Hole was CEO , then Nokia still be alive and kicking other manufacrer ass.

SwimSwim says:

He'd make a much better face for Microsoft than Ballmer. Apple and Google both have these very well kept and tidy CEOs, groomed and up with their looks, then.... Ballmer.

Ballmer always kind of creeps me out when he demo's products. Elop, meanwhile, has a much more inviting face. The CEO is essentially the face of the company, right after the logo(s). So if I had to chose, Elop seems like a good choice in terms of appeal and leadership (he did save Nokia from completely crashing and burning, and led the rise to Windows Phone becoming the fastest growing OS worldwide, didn't he?).

Dantekai14 says:

Yet WP Global market share is under 4% and stil fastest growing platform.
Quite an achievement. 

JoeDizzle33 says:

Elop bashing in 3 2 1...

Nice guy. Impressive resume. Kinda cute. I'd do it.

Seems like a really nice guy.

Lumia 8x says:

Hes got a great personality.

JoRdaNeK says:

He's quite hunky isn't he?

ahmedjan87 says:

Now
Who will become CEO of Nokia ?

LastBattle says:

Steve Ballmer. Period.

RodimusMajor says:

If Ballmer takes over Nokia, is he going to proclaim that he'll "f$&@*ing kill" Samsung? Lol.

LastBattle says:

he's probably going to yell at them and does the next sweaty monkey dance at Nokia World 2013 :)

Reflexx says:

That alone is reason enough for him to get the job.

RodimusMajor says:

After he throws a chair, of course. xP

nokiauser911 says:

Developers! Developers!! Developers!!!

StevePT says:

Headline says 25.2mil and article says 25.5mil... which is it?!? I must know!!! ;)

AskaLangly says:

Probably they used the NumPad: 5 is above 2.

L0gic Bom8 says:

Hey Aska, I know this is off topic, but is your ID short for Asuka Langley of Neon Genesis Evangellion?

AskaLangly says:

Aye. #talklikeapirateday

L0gic Bom8 says:

LOL. I was just checking. Seems like an Easter Egg say for me. ;)

Reflexx says:

It's going up every second. At the time the headline was written it was $25.2, but by the time the body was written the interest brought it up to $25.5!

StevePT says:

It's going up every second just like my Nokia stock! LOL.

ttsoldier says:

Nokia stock is down right now from where it was this morning. it started dropping and it's slowing heading back up now.
TIMETOBUY!

Elop for president :D

Reflexx says:

You'd think that if MS is going to shell out that much for Elop, they may have bigger plans for him.

mobilejk says:

Why would Elop take demotion to VP unless he knew he'd be the next CEO of MS.
The move only makes sense if he get's the CEO position.

MarkAllett says:

Just think of all the Windows apps in the store that could fund.

Tafsern says:

Well, he might be that good, so it's ok. I don't hate the guy, I think he did a great job representing and leading Nokia. And who are are we to judge, who barely know the guy.

If he's worth that in this business, he must have done a lot of things right. :)

L0gic Bom8 says:

Very true. Especially after his "Burning Platform" memo!

The only thing wrong about the memo was, that it was a few years too late. Other than that, well done.
The only mistake he made, IMHO, was selling off to M$. But then again, perhaps it was in the cards all along... :-P

jake69 says:

as a NOK share holder...I'm very happy with the move...you deserve it Elop. ;-)

Blu3V3nom07 says:

I'd like him to stay as VP. Just keep him doing what he's been doing.

squidgyimp says:

He obviously made a wise investment moving to Nokia !!!!

jlzimmerman says:

CEO of M$ is such a HUGE HUGE role to fill, especially with how they're changing gears with their products and services.  I just don't think Elop could handle this huge behemoth. Staying the chief of devices and services is a good fit for him.

Reflexx says:

Since MS is moving more towards devices, Elop may be one of the better qualifies people.
Dont forget that he also was the head of MS Office before.

clappenings says:

Lend me a tenner?

jlynnm350z says:

Is that it, I know Sam makes more than that. . . First

gevabar says:

Elop should run Microsoft.....thats what us going to happen....

gevabar says:

I wonder what elop thinks of window 8.1 for PC

Deaconclgi says:

I don't know about what Elop thinks but I like Windows 8.1. Downloaded it from Dreamspark yesterday. But...who am I? :)

luisvase says:

The next "hefe"? You mean jefe :)

DJCBS says:

The only thing he should pick is a fork up is a**e...

sandelius says:

^ this. He is a loser.

Etios says:

Fuck off asshole, Elop's $25Million package is well deserved, haters like you can't do anything about it :) 

How about he gets at&t to release gdr2 & amber updates for the Lumia 820 & 920 some time this decade

Karanstyle says:

What if he'll sell off whole MSFT this time ... Looser he is or a traitor.

StevePT says:

Right... because there's a lot of other companies out there that can buy a $280B company... <sarcasm>
 

rmichael75 says:

He can make it $ 28B soon..:) he knows how to do it.

nike_ab says:

Hey c'mon I know you are giving him his due credit, but he is loyal to microsoft. He won't do this with MS. But he can now be sent to samsung or HTC.

Yangstax says:

Poor guy.  See how much tax he has to pay.  :)
He has helped Nokia to make a transition from Symbian to Windows smoothly and swiftly.  He probably deserves that.  He has also been quietly working on an Android model and that shows he is willing to adopt market reality.  That would certainly help Nokia to survive even without a Microsoft buyout.  He is more flexible than I thought.  I love WP, but they should also add Android to their product portfolios.  Better yet, they should come out with a dual-boot phone and use Android and the advanced camera to promote WP.

rmichael75 says:

I like it.. but they shouldn't have signed the exclusivity contract. they should have got in some get out clauses, for eg to say if MS is very slow in every then get out and add one more line of products.

Anyway he tried his best. The one mistake he did was to send an email about burning platform.. he should have done it slowly. Don't need to announce anything to the world.

Tips_y says:

That's a low-end Android Nokia is developing. And all low-end Androids are crap, no matter who makes them, and that includes Nokia. So how is their low-end crapdroid going to help them, other than destroying their good reputation?

Yangstax says:

I haven't seen the specs for that phone.  If they want to do it, it better use colors and the PureView camera as the differentiators.  L1020 for Android should do it.  I still like to see a dual-boot solution if that is feasible designwise.  That would solve the app gap problem right away and promote WP at the same time.

ejlee072006 says:

ELOP IS A GANGSTER..
I LIKE HIM..

akishakoi says:

He looks like Sir Elton John

heda_p says:

lumia 520 for $90 off conract....he is the guy for MS

Graven Pshya says:

Looks like a balding Kevin James.. So, yes.

nike_ab says:

Really as a trojan horse, this guy is damn impressive.Love him or hate him, but you can't ignore what he has done for microsoft. Hey, his next assignment should be at Samsung.

albertico says:

He seems like a very smart and loyal guy, which is probably why Ballmer would highly regard him as his CEO successor.

Why does Carlos Slim not buy Nokia?

crooza says:

He has vision and balls. He turn a around a company that was failing. Hey gets my vote.