$25,400,000 for Stephen Elop to move back to Microsoft as head of Devices and Services
TheVerge and AllThingsD report that Stephen Elop is set to get 25 million dollars to move back to Microsoft. 70% of that is coming from MS ‘for a job well done, har di har har’. :/
It’s been a long time since we first looked at Elop’s contract. From what I remember, it mentioned different payouts depending on his departure from the company. I don’t know the precise details but the sum is composed of cash and shares. (5.5 million salary+incentives, 19.8M in stock awards)
Elop is currently VP of Nokia Devices and services. When the deal closes, he’ll be executive VP of the whole devices and services, with a likely fast ticket to the CEO seat.
Cheers Alvester for the tip!
Category: Nokia
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