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Former Nokia CEO, OPK, Highest earning in Finland, 12M USD in 2010

| November 1, 2011 | 8 Replies
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Bloomberg reports that Olli-Pekka Kallasvuo (OPK), former Nokia CEO (and former NSN board chairman) received 12Million USD last year (8.7M EUR) as a wage income that includes compensation he left Nokia. Woah.

http://www.bloomberg.com/news/2011-11-01/former-nokia-ceo-kallasvuo-among-top-finnish-earners-hs-reports.html

I think this was detailed already earlier this year, no?

http://mynokiablog.com/2011/03/13/nokias-140000-word-2010-report-risks-of-the-nokia-microsoft-partnership-elops-contract-more/

 

“Severance of OPK was 5M EUR. Equity under the plan was forfeited and reduced actual liability to EUR 10 154 000 as OPK’s employment was terminated before reaching retirement age (60. OPK is 57)”

From the other report above, last details there indicated OPK’s salary to be 1.233 EUR (not including bonuses). Elop was contracted for less at 1.05M EUR though there was other ‘stuff’. Check out that post for more details.

Source: Bloomberg

Cheers Joni for the tip!

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Category: Nokia

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