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http://www.reuters.com/article/2014/04/30/us-nokia-ceo-payout-i
(Reuters) - Former Nokia boss Stephen Elop will get 24.2 million euros ($33.
4 million) in cash and shares after leaving the Finnish company, more than
25 percent higher than originally envisaged following a surge in its share
price.
Nokia announced in September a 5.6-billion-euro deal to sell its handset
unit to Microsoft.
Elop himself is returning to the software giant after the deal closed on
Friday, and based on Nokia's share price in September he had been in line to
get around 18.8 million euros for the early termination of his contract.
Elop, whose severance payment includes just over 4 million euros in cash,
stood down as Nokia chief executive in September and led the phone unit from
then until the closing of the deal with Microsoft. The unit's operating
loss widened to 306 million euros in the first quarter of this year.
Microsoft paid 70 percent of the total severance payment, and Nokia the
remaining 30 percent, Nokia said in its 2013 annual report.
In a separate filing, Nokia said Elop's successor's base salary was smaller
than his, with Rajeev Suri set to get 1 million euros, compared with 1.1
million euros in Elop's contract.
(Reporting by Sakari Suoninen; Editing by Mark Potter) | v****e 发帖数: 10715 | |
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