Steve Elop to receive $33 million now Microsoft has acquired Nokia
We told you how Steve Elop stands to get $25 million if Nokia is successfully sold to Microsoft.
Now the former CEO of Nokia and current head of Microsoft’s Mobile (the new name for Nokia Devices and Services) is going to receive $33 million instead after his golden parachute benefits has been recalculated.
The increase was due to loss in value of Nokia stocks — which the rest of Elop’s $33 million will be paid in after he gets $5 million in cash.
Elop have severally been described as a “mole” in Nokia following his unsuccessful stint as CEO during which the company bleed red ink until it was finally sold off to his former employees just last month. Elop has maintained he isn’t.
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