[pjmlp]

Everyone that keeps repeating this should read the Finn newspapers of the time, regarding how Nokia board decided to get Elop, and then give him a contract with a bonus clause in case he managed to sell Nokia Mobile business unit.

Ex-Nokian here.

[croes]

Got a link?

It's hard to search foreign press.

[pjmlp]

Here from the Forbes,

https://www.forbes.com/sites/terokuittinen/2013/09/24/nokia-...

"According to changes implemented in 2010, Elop was entitled to immediate share price performance bonus in case of a "change of control" situation"

And then a couple of related articles,

https://www.forbes.com/sites/joanlappin/2013/09/25/anger-at-...

"Nokia chief executive Stephen Elop is catching heat today in Finland after the country’s biggest newspaper, Helsingin Sanomat, reported that Elop was guaranteed a $25 million payment if he was able to sell Nokia’s cellphone business."

https://venturebeat.com/mobile/finns-are-in-an-uproar-over-e...

[croes]

>This adjustment meant that unlike previous CEOs, Elop was facing an instant, massive windfall should the following sequence happen to take place:

- Nokia's share price drops steeply as the company drifts close to cash flow crisis under Elop.

- Elop sells the company's handset unit to Microsoft under pressure to raise cash

- The share price rebounds sharply, though remains far below where it was when Elop joined the company.

Sorry but that sounds more like clever negotation from Elops's side and like a naive blindsided board.

[pjmlp]

The contract was signed before he joined, and that sale clause did not materialise after the fact.