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...
- 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.
- 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.