Thread: elop's first responsibilty is to his shareholders, not us
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bugelrex is offline bugelrex
2011-02-11 , 20:35
Posts: 521 | Thanked: 296 times | Joined on Sep 2009
#9
Originally Posted by cBeam View Post
Nokia US shares closed at $11.64 on Wednesday.
Right now the share price is at $9.13.

Elop manages to destroy 22% of Nokia's corporate value within 2 days.

I think he should be held accountable.
MMmm
Nov 2007 stock price => $40
the day Elop arrived => $10

Nokia's previous strategy destroyed 75% of the corporate value in 3 years placing it back to 1998 levels.

Another 1-2 years of the old Symbian course would have dropped the price to low digits. The old people/strategy were destroying the company
 

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