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Go Finland and Nokia CEO Bonus money

Additional incentive in the amount of 25 million U.S. dollars will be accepted former CEO of Nokia Stephen Elop, is a controversy in Finland. Nokia Elop asked to receive money with a smaller amount , but Elop refused for reasons he wanted a divorce .

Nokia, Stephen Elop previously promised incentives for a $ 25 million U.S. to the conditions set out in the contract documents dollars.

Go Finland and Nokia CEO Bonus money
Go Finland and Nokia CEO Bonus money

In the contract stipulated that Elop will receive a bonus if the price of the Nokia share increased after a situation involving a " change of ownership " . The increase in the share price does not match the original when Elop joined price yet , but to actually be better than the " lowest point " .

Indeed, when a business unit of Nokia products and services sold to Microsoft mobile phones, Nokia shares rose 35 percent September 3, 2013 .

Elop will receive bonus money when Microsoft completed the acquisition of the business units of telephony and mobile services Nokia in the first quarter of 2014.

The Finnish company was furious by the news. They are not happy to see foreign executives received bonus money by selling major business units to Nokia , a company that was legendary and historical value in Finland.

According to the Chairman of the Board of Nokia, Risto Siilasmaa , the bonus money as promised and is also accepted by the former Nokia CEO Olli -Sensitive Kallasvuo .

The largest newspaper in Finland , Helsingin Sanomat , investigate Siilasmaa statement . Elop is contained in the contract clause of the details of this bonus. However, this type of clause is not included in the Contract Kallasvuo .

This has led to speculation the Finnish company , is behind the plot and contract recruitment Elop as CEO of Nokia.

Finnish Prime Minister Jyrki Katainen said that the incentive mechanism of large companies around the world was so great that it can not be understood by common sense. Meanwhile, the Minister of Finance of Finland, Jutta Urpilainen added bonus that Elop has created a " toxic atmosphere that threatens social harmony. "

To mitigate public anger in Finland , Nokia requested that Elop received bonus money with a lower value.

However , according to reports Helsingin Sanomat , Nokia Elop denied the request because he was divorcing . Elop said she will ask the free allocation of 25 million U.S. dollars.

Elop , who joined Nokia in September 2010, is a Canadian citizen. He is the first non - Nokia CEO Finnish citizen . Prior to joining Nokia, Stephen Elop served as chief of the division of business in Microsoft Office products.

On September 3, 2013 ago , Elop surprising technology and industry , of course, surprising residents of Finland. He sold the business units of mobile phones and Nokia services with a license to Microsoft's patent worth 7.2 billion U.S. dollars. Like the body, Microsoft bought the " heart " that Nokia was blood pumping .

Nokia Group company is headquartered in Espoo, now have to survive three business units they have , which is a unit company of digital maps and location services (Nokia Here) , development technology (Advanced Technologies) , and the services of network infrastructure and telecommunications (Nokia Solutions and Networks ) .

Nokia should change the focus and build on the business unit of the telecommunications infrastructure to support group companies, after the business units of mobile phones that have been the "heart" the company has taken in the lap of Elop from Microsoft.

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