So I knew I wasn’t crazy!

A few days ago I expressed my outrage about the fact that former Nokia CEO Stephen Elop was getting 25 million dollars for giving his current company to his former company.

It’s not rocket science but on it’s face it seemed weird.

Well, seems like the outrage has grown…. check this out from BGR.

According to the early Wednesday morning edition of Finland’s biggest newspaper Helsingin Sanomat, Nokia has pleaded with former CEO Stephen Elop to accept a smaller bonus in order to silence the roar of disapproval and protest now roiling Finland. Drama in Nokia’s home country escalated on Tuesday as it was revealed that Risto Siilasmaa, Nokia’s chairman of the board, had misrepresented facts last weeks when he claimed that Elop’s bonus arrangements were similar to those of previous chief executives.

It’s the lies that get you

You see the problem was Risto Siilasmaa, Nokia’s chairman of the board had misrepresented the fact that Mr. Elop’s salary was consistent with the salary structure of their previous CEO’s.

His contract had, in fact, been radically revised to include a massive accelerated pay-out that was triggered by the upcoming handset unit sale to Microsoft.

The Finnish media need to keep the pressure on this company because this whole thing stinks to high heaven. It is debatable if this acquisition was really in the best interest of Nokia.

Further more, it’s very debatable that going the Windows Phone route EXCLUSIVELY was in the very best interests of the company.

Finally, The fact that Mr. Elop was a former Microsoft employee constituted a very real (no just perceived) conflict of interest. It seems to me that the board at Nokia was either asleep at the wheel or complicit in what seems like a very “interesting” deal.

To add to all this bullshit, it seems that this drama is being driven ( in part) by the speculation that Mr. Elop is resisting Nokia’s pleas to reduce his bonus because he is getting divorced. Apparently Mr. Elop believes he cannot make his wife accept a reduction in the $25 million severance package.

The authorities need to take a deeper look at this mess. You can’t even make up crap this ridiculous.

What do you all think?

Source: BGR

About the Author

Onuora Amobi is the Founder and VP of Digital Marketing at Learn About The Web Inc. Onuora has more than a decade of information security, project management and management consulting experience. He has specialized in the management and deployment of large scale ERP client/server systems.

In addition to being a former Microsoft MVP and the founder and editor of EyeOnWindows.com, he is the CEO of a Pasadena based online marketing education startup - Learn About The Web Inc. (www.learnabouttheweb.com) and The Redmond Cloud (https://www.theredmondcloud.com).

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  • DCJason

    Who cares? Leave that subject to Woodward and Bernstein. So many new things have come out in the past days from Microsoft that are quite exciting. How about writing articles about all of them? That’s what you readers are interested in reading about. Just trying to keep your “EYE ON WINDOWS” rather than Elop. (I make no comment on your realization if you are crazy or not………)

    • http://www.learnabouttheweb.com/ Onuora Amobi

      LOL I believe we’ve covered all the recent excitement…

      • DCJason

        Oh, I think you underestimated your website. We need MORE details, clearer details……that’s what we want. You may be bored with it all, but we aren’t!

        • http://www.learnabouttheweb.com/ Onuora Amobi

          LOL I’ll pass that on to the writers…

  • Ray C

    It’s over now. Get over it

  • Mike Greenway

    I thing the real problem Here is ego. You can do as you wish but I’m interested in news not conjecture. In my opinion EyeOnMe will not do for long and I like to see this sight last. It has many thinks I like.

  • Arnold

    I have numerous time bashed BGR for their one sided reporting.