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Stephen Elop’s contract revealed as having bonus contingent on Nokia downspiral

Stephen Elop’s contract revealed as having bonus contingent on Nokia downspiral

As we noted last week, Stephen Elop is set to receive a $25 million payment as a result of the Nokia sales deal with Microsoft, something pending regulatory approval. According to Finnish press, Elop's contract contained a clause not found in previous CEOs' contracts that would score him such hefty funds in the event that the company's shares would drop and the business be sold, with the shares rising again from the bottom of the proverbial barrel.

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Nokia to pay Stephen Elop millions to move to Microsoft

Nokia to pay Stephen Elop millions to move to Microsoft

Stephen Elop will get a $25m cut of the Microsoft-Nokia deal after the Windows Phone company buys the Finnish smartphone business, new regulatory filings have confirmed today. The payout to the outgoing CEO, which is detailed in an SEC 6-K submitted by Nokia today, calculates that Elop can expect roughly €18.8m ($25.4m), with Nokia on the hook for 30-percent of that while Microsoft will foot the remainder of the bill.

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Nokia’s Stephen Elop is a candidate for Microsoft CEO position

Nokia’s Stephen Elop is a candidate for Microsoft CEO position

Late last evening, Microsoft revealed that it will be acquiring Nokia's Devices & Services division, along with licensing its patents and mapping service. Among the details was one lesser-proclaimed reality -- Nokia's CEO Stephen Elop will be stepping down from his position and taking up one within Microsoft, making him an "internal candidate" as a possible replacement to Microsoft CEO Ballmer.

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Stephen Elop: “We have changed the clock speed of Nokia”

Stephen Elop: “We have changed the clock speed of Nokia”

Nokia's CEO Stephen Elop has taken the stage at Mobile World Congress and he's pretty proud of himself and what the Finnish company has evolved into in the space of twelve months. "It's very clear that we have changed the clock speed of Nokia" Elop said, pointing out that at the show last week the company had no new devices but only its new strategy to discuss. Today, there are definitely new phones.

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Nokia CEO Stephen Elop Makes Five Points for Success at Uplinq

Nokia CEO Stephen Elop Makes Five Points for Success at Uplinq

Whilst hearing the big guns speak at Uplinq 2011, Qualcomm's show, we saw Nokia CEO Stephen Elop take the stage and outline five basic but large points for success. The first of these was to delight their customers. Certainly this is a point that every successful entertainment / productivity based company should be ready to do, certainly if they're working to sell products that will be the center of people's digital lifestyle, if you will. The rest of the points continued to make heavy amounts of sense.

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“Uniquely Nokia” key to tablet plans says Stephen Elop

“Uniquely Nokia” key to tablet plans says Stephen Elop

Nokia's tablet plans have rumbled along for some time now, with no sign of any hardware - at least that's been revealed to us mere consumers - and it looks like we shouldn't expect an iPad rival any time soon, either. In an interview with YLE, CEO Stephen Elop has reiterated the stance first taken at the Nokia Windows Phone announcement, that the company's engineers are looking at all the possible options from Microsoft's software line-up, along with "other software assets" that likely includes MeeGo.

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Nokia CEO Stephen Elop at MWC 2011

Nokia CEO Stephen Elop at MWC 2011

All eyes have been on Nokia over the past few days, and SlashGear has just finished a sit-down session with CEO Stephen Elop to talk about the decision process the company has made over the past few months in switching to Windows Phone, the impact it sees on developers, users and other OEMs, and what the shift has done to the company's relationship with MeeGo. It's obviously an emotive topic; we've seen plenty of feedback from Nokia followers unhappy with the move, as well as Android fans who would have preferred to see Nokia hardware running Google's OS. Check out our interview report after the cut.

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Nokia CEO Olli-Pekka Kallasvuo ousted as ex-Microsoft Stephen Elop steps in

Nokia CEO Olli-Pekka Kallasvuo ousted as ex-Microsoft Stephen Elop steps in

With Nokia World 2010 just days away, the Finnish company has announced that CEO Olli-Pekka Kallasvuo has been replaced by ex-Microsoft Business head Stephen Elop.  The change - which will take place on September 21st - will also see Kallasvuo cede his position on the Nokia Board, though he will have his non-executive chair of the Nokia Siemens Networks board and a €4.6m severance package to cheer him up.

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