Ever since Microsoft bought Nokia, there’s been speculation about what role Stephen Elop would assu

Ever since Microsoft bought Nokia, there’s been speculation about what role Stephen Elop would assume in Seattle. And now we know: he’ll replace Julie Larson-Green as Head of Devices & Studio. Gadgets and games, then.

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Stephen Elop Heavily Criticized At Nokia’s Shareholder Meeting [Report]

Stephen Elop Heavily Criticized At Nokias Shareholder Meeting [Report]

Earlier today Nokia’s shareholders met in Finland to vote on the $7.17 acquisition deal made with Microsoft. The deal was approved by an overwhelming majority, 99.7 percent of the shareholders voted in favor. However, it appears that outgoing Nokia CEO Stephen Elop might have been the target of immense criticism at the meeting today. According to one of Finland’s oldest publications, Uusi Suomi, several shareholders were quite vocal in their criticism of Elop, some even described his reign as a “triple-A-flop.”

It didn’t end with just one remark, apparently, as Elop was also reportedly blamed for “the funeral of Nokia phones” and for putting the company itself on the “road to ruin.” The publication reports that matters got so heated during the meeting that the chairman Manne Airaksinen told shareholders present there to refrain from passing any person comment about Stephen Elop. This isn’t the first time that Elop has been criticized in Finland. The country’s press hasn’t been too fond of him particularly after he reportedly refused to accept anything less than the $25 million payday he’s entitled too, despite the fact that under Elop Nokia’s share price and market share dipped considerably. As the transaction closes by Q1, 2014, Elop will move to back to Microsoft where he’s apparently being considered for the CEO slot.

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    Stephen Elop Reportedly Declines Nokia’s Request For A Payday Cut

    Stephen Elop Reportedly Declines Nokias Request For A Payday Cut

    A little over a week ago we reported that outgoing Nokia CEO Stephen Elop is likely to rake in a $25 million payday if shareholders are to approve the sale of Nokia’s phone business to Microsoft. Under the deal, not only will Elop move back to Microsoft, he will also see this incredible surge in his net worth due to accelerated vesting of his outstanding equity awards, a short term cash management bonus and 18 months of his base salary. There’s been some outrage over in Finland over this figure, and apparently Nokia requested Elop to accept a reduced payday. According to the Helsingin Sanomat, Elop has refused to do so.

    The Canadian born Elop took the helm at Nokia nearly three years ago. Under his reign, the company adopted Windows Phone as the core platform for its smartphones. It also saw its share price drop by more than a third, while it continued to hemorrhage market share. As per the report, Elop reasons that he can’t accept a reduced payday because of his upcoming divorce. He says that if he accepts less than the $25 million he’s entitled to from Nokia, he won’t be able to convince his wife to make do with a smaller settlement.

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  • Stephen Elop Reportedly Declines Nokia’s Request For A Payday Cut original content from Ubergizmo.

        



    Rumor has it that Stephen Elop refused to take a payout smaller than $25 million from Nokia in order

    Rumor has it that Stephen Elop refused to take a payout smaller than $25 million from Nokia in order to fund his divorce settlement.

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    Stephen Elop In For $25M Payday If Shareholders Approve Sale

    Stephen Elop In For $25M Payday If Shareholders Approve Sale

    It was announced a couple of weeks ago that Microsoft is going to acquire Nokia’s core phone business for more than $7 billion. The Finnish manufacturers shareholders have yet to approve the deal, and if they do, the former Nokia boss Stephen Elop will net a $25 million payday, as per current projections. As part of the deal between both companies, Elop will move back to Microsoft. Redmond will pay 70 percent of the projected total amount of $25 million while the remainder will be doled out by Nokia. This figure is made up primarily of accelerated vesting of his outstanding equity awards, 18 months of base salary and a short term management cash bonus.

    Nokia, which was once a titan in the industry, has seen its market share decrease rapidly over the last few years. Elop was appointed to the top slot almost three years ago, during his tenure the company’s stock price has dropped by more than a third. Under the deal, Microsoft will get Nokia’s core phone business and nearly 32,000 employees. The fate of this deal hangs in the balance as shareholders have yet to decide if they want Redmond to take away the business that accounted for half of Nokia’s revenues last year. The meet on November 19th to put the matter to a vote.

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    New Microsoft CEO Might Not Be Stephen Elop [Rumor]

    New Microsoft CEO Might Not Be Stephen Elop [Rumor]

    On Monday, Microsoft announced out of the blue that it has acquired Nokia’s core phone business for $7.17 billion. The deal saw Stephen Elop, Nokia’s CEO, return to Microsoft. Outgoing CEO Steve Ballmer, who is set to retire within 12 months, said that Elop has gone from being an external candidate to an internal one. Since the deal was announced it has been rumored that perhaps the most coveted job at Redmond might go to Elop. People with knowledge of the matter “strongly” hint to Reuters that while Elop is a probable candidate, it’s unlikely that he might become Microsoft’s new CEO.

    The source adds that this deal won’t distract the committee tasked with finding a new CEO from conducting a “thorough search” for the best possible candidate. Investors and people familiar with Microsoft’s board’s thinking believe that Elop’s track record at Nokia is “decidedly mixed,” which is probably one of the reasons why he’s not apparently a frontrunner for Ballmer’s job. During his tenure as Nokia’s CEO, the company shares fell 60 percent. He took the helm of the Finnish company back in 2010, becoming the first non-Finn to clinch the job. In its search, the board’s special committee will look at all possible external and internal candidates, no other names have surfaced so far.

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    Ballmer confirms what we all knew: Elop candidate for Microsoft CEO job

    File this one in the “Well, yeah,” department. Stephen Elop may have stepped down from his CEO gig at Nokia, but Microsoft’s former head of its Business Division may still harbor C-level dreams. In an interview with The Seattle Times, Redmond’s soon-to-be-former CEO Steve Ballmer confirmed that Elop is in the running for his gig, stating, “Stephen will go from external [candidate] to internal.” So the personable mobile exec will be keeping his name badge either way — time will tell, of course, which washroom he ultimately gets the key for.

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    Via: Windows Phone Central

    Source: Seattle Times

    The Engadget Interview: Nokia’s Stephen Elop on the Lumia 1020

    The Engadget Interview Nokia's Stephen Elop on the Lumia 1020

    As expected, the Nokia Lumia 1020 arrived with 41 megapixels in tow at today’s event in New York City. Got questions? Yeah, us too. Thankfully, we had a bit of time to sit down with none other than Nokia CEO Stephen Elop, who was fresh off the on-stage Q&A, wearing a slick pair of bright yellow Converse All-Stars, in honor of the eye-popping color scheme of the handset he showed off earlier today. Elop seemed genuinely excited by his new device (even jokingly correcting me when I called it his “new toy”), taking a picture of us immediately after entering the room — or, rather, he took a picture of our own Richard Lai and zoomed out to reveal me. The concept of re-framing is a huge part of what Nokia’s selling — take a picture first and worry about framing it later. With 41 megapixels, it’s easy enough to zoom in or out after the fact.

    Richard brought along a trio of handsets for comparison, including the N8, 808 PureView and the recent Lumia 925, so naturally we started with a little history — much like the press conference itself. Of interest was at precisely what point Nokia began to envision optics as one of, if not the, key focus of its handsets. It was an appropriate visual from Elop’s point of view — the executive sees all of the above as entries in the company’s evolutionary line. Nokia’s focusing on improving the experience a bit with each and every link, says Elop, with the latest handset building atop of the lessons learned. The Lumia 1020 is, naturally, a culmination of those lessons.

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    This Is How You Respond to Rumors

    Don’t hand your iPhone to Nokia CEO Stephen Elop. During an interview on Finnish TV show Hjalliksen kanssa, an interviewer made exactly that mistake and is short one functional iPhone for having made it because Elop threw that sucker on the floor. More »

    The Daily Roundup for 01.24.2013

    DNP The Daily RoundUp

    You might say the day is never really done in consumer technology news. Your workday, however, hopefully draws to a close at some point. This is the Daily Roundup on Engadget, a quick peek back at the top headlines for the past 24 hours — all handpicked by the editors here at the site. Click on through the break, and enjoy.

    Microsoft reports Q2 2013 earnings

    Microsoft posts record revenue of $21.5 billion, and $6.38 billion profit…

    Nokia makes a 2012 Q4 profit of $585 million

    From somewhere atop a Finnish mountain, Stephen Elop is both bellowing and whispering…

    Pebble smartwatch unboxing

    It’s here! After nine months of waiting and a whopping 31 project updates…

    Intel gets go-ahead for $4 billion chip plant

    Intel has been planning to make its Ireland base one of three global manufacturing sites for its 14nm chips…

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