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Nokia’s Former Chief to Collect $25.5 Million From Microsoft Deal
Posted: 19-Sep-2013 [Source: New York Times]

[Stephen Elop walks away from Nokia with $25.5 million as he rejoins his former company Microsoft, according to this report.]

Michael J. de la Merced -- "It was Stephen Elop who, as Nokia’s chief executive, deepened the Finnish telecommunications firm’s ties to Microsoft by agreeing to bind itself to the Windows Phone operating system.

Now that Microsoft is buying full control of the Nokia cellphone business for $7.2 billion, Mr. Elop is set for a big payout.

Nokia disclosed on Thursday that its now-former chief is expected to collect about 18.8 million euros, or $25.5 million, as he prepares to leave the company and rejoin Microsoft."

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