New Microsoft CEO Satya Nadella originally opposed the company's acquisition of Nokia's device business, it's reported, with claims of a ferocious board meeting that saw then-CEO Steve Ballmer shouting at the leadership team over their deal doubts. The outspoken exec, Microsoft's second CEO in the company's history, supposedly signed his fate, with his shouting - apparently audible outside of the closed conference room - getting him the necessary support to go ahead with the Nokia purchase, but also the final stroke in undermining the board's confidence in him.
This year for Mobile World Congress was a rebirth of sorts, owing largely to the restructuring of Samsung’s release schedule, Sony’s continued success with their Z series, Nokia’s push of Android, and the next big wave of wearables. We’ve also seen brands like Lenovo and HTC push hard with devices that aren’t aimed directly at the top tier. This is an interesting time for smartphones and mobile devices of all kinds - it’s no longer just about the biggest and the best.
Qualcomm has named its new CEO this week that will replace exiting CEO Paul Jacobs. The new CEO that Qualcomm has chosen is Steve Mollenkopf. Interestingly, Mollenkopf was rumored to be one of the people in contention for the Microsoft CEO spot once Steve Ballmer leaves. The Microsoft shortlist for candidates reportedly includes Nokia's Stephen Elop and Ford's Alan Mulally.
Microsoft has been in an active hunt for a new CEO following Steve Ballmer's announcement that he'll be leaving the company shortly. The process has entered the one-on-one interview stage, according to sources who spoke with The Wall Street Journal. These same sources have also detailed a list of individuals reportedly approached by the search committee, with some having been in talks as recently as this past week.
Ford CEO Alan Mulally has taken pole position among potential candidates for the Microsoft CEO job, sources claim, despite the exec's ongoing denials that he has ambitions to replace Steve Ballmer. Mulally's name was pushed by Microsoft's board as a possibility, it was reported earlier this month, but Nokia's Stephen Elop was believed to be the frontrunner as he returned to the firm following the smartphone division acquisition. Now, AllThingsD reports, favor has returned to focus on Mulally.
Nokia will reveal six new products, including smartphones, entry-level devices, and its first Windows tablet at an October 22 event, insiders claim, a broad refresh of its line as it tries to claw back attention to devices rather than the Microsoft acquisition. The Abu Dhabi launch will consist of "several" Lumia Windows Phones, sources tell the WSJ, in addition to a number of S40-based handsets aimed at budget users; however, it's likely that the much-rumored "Sirius" tablet will be star of the show.
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.
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.