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smoothc is offline smoothc
2011-02-13 , 00:16
Posts: 80 | Thanked: 45 times | Joined on Mar 2010
#41
Elop does not own Nokia, now i believe he was made CEO because his past with MS, and this deal is what Nokia owners had in mind.
 
gerbick
2011-02-13 , 00:18
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#42
Elop owns that much stock... yet the Nokia board didn't know this?

Hmm...
 
naabi is offline naabi
2011-02-13 , 01:01
Posts: 219 | Thanked: 94 times | Joined on Nov 2009 @ Helsinki, Finland
#43
Originally Posted by gerbick View Post
Elop owns that much stock... yet the Nokia board didn't know this?

Hmm...
As stated many times in this thread, according to Nokia he has sold 60% of MS shares, but was forced to stop selling because of becoming MS insider again. Yes, he will sell the rest as you will see, and he will get some Nokia shares.

I bet you're the guys behind all these 911 conspiracy sites and watch Zeitgeist movies all day long. This has been an extremely hard decision for Nokia, just think how long they've tried to cope with that outdated Symbian.
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Last edited by naabi; 2011-02-13 at 01:03.
 
geneven is offline geneven
2011-02-13 , 01:07
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#44
Originally Posted by naabi View Post
As stated many times in this thread, according to Nokia he has sold 60% of MS shares, but was forced to stop selling because of becoming MS insider again. Yes, he will sell the rest as you will see, and he will get some Nokia shares.

I bet you're the guys behind all these 911 conspiracy sites and watch Zeitgeist movies all day long. This has been an extremely hard decision for Nokia, just think how long they've tried to cope with that outdated Symbian.
Just out of curiosity, i would like to know the monetary value of his shares, not some abstract percentage of something. I bet it's more than $100.
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naabi is offline naabi
2011-02-13 , 01:13
Posts: 219 | Thanked: 94 times | Joined on Nov 2009 @ Helsinki, Finland
#45
Originally Posted by geneven View Post
Just out of curiosity, i would like to know the monetary value of his shares, not some abstract percentage of something. I bet it's more than $100.
According to news he had over 260 000 shares last August, which made it over 6 million dollars.
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Sopwith is offline Sopwith
2011-02-13 , 01:13
Posts: 337 | Thanked: 283 times | Joined on Nov 2009 @ NYC
#46
Originally Posted by geneven View Post
Just out of curiosity, i would like to know the monetary value of his shares, not some abstract percentage of something. I bet it's more than $100.
It's little above 3 million, if I remember correctly the number I saw this morning -- so not so much really. I guess his yearly salary at Nokia is comparable to the profit he'd make from the MS shares.

What is more interesting is whether there are other incentives. I don't think many people would disagree that MS gains much more from this than Nokia...
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gerbick
2011-02-13 , 01:20
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#47
Originally Posted by naabi View Post
As stated many times in this thread, according to Nokia he has sold 60% of MS shares, but was forced to stop selling because of becoming MS insider again. Yes, he will sell the rest as you will see, and he will get some Nokia shares.

I bet you're the guys behind all these 911 conspiracy sites and watch Zeitgeist movies all day long. This has been an extremely hard decision for Nokia, just think how long they've tried to cope with that outdated Symbian.
It's not about if he has any Nokia shares; however let's just put it out there for the oblivious.

If you approach a person for the CEO position, knowing that he has some 600k+ share in a company that you've basically avoided in one fashion or another for almost 15 years shows me that they didn't do their research.

He's Nokia's Palin. They didn't dig deep enough.

Or... the board knew, this was their intent all along, thus it wasn't a problem once they found out he's one of the top ten single entity (a person) shareholder of Microsoft.

Again, use common sense. Why would the board invite somebody that has that much stock that led to such an unwelcomed announcement that's led to a 14% one-day drop in Nokia's stock price, as well as potentially directly drop 1500-20k seasoned workers that's dedicated to their prior plans.

You can't overlook that Elop was picked by the board. The board had to know about the stocks. The fact it is coming out now, after the Capital Markets Day announcement shouldn't come as a shock; but it is not a good indicator that the board had Nokia - as you folks know it - in the plans all along.

Blame Elop all you folks want. Look at the decision process to pull in Elop and it starts (and stops) with the board.
 

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wmarone is offline wmarone
2011-02-13 , 01:22
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#48
Originally Posted by gerbick View Post
He's Nokia's Palin.
Keyboard. New one.
 

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gerbick
2011-02-13 , 01:28
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#49
Originally Posted by wmarone View Post
Keyboard. New one.
Haha. Glad somebody got a kick out of that one.
 

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naabi is offline naabi
2011-02-13 , 01:36
Posts: 219 | Thanked: 94 times | Joined on Nov 2009 @ Helsinki, Finland
#50
Originally Posted by gerbick View Post
If you approach a person for the CEO position, knowing that he has some 600k+ share in a company that you've basically avoided in one fashion or another for almost 15 years shows me that they didn't do their research.
If you recruit a top manager from MS it's obvious that he has loads of shares, not even a question whether he has those. Common policy is to sell those when leaving to new position.

Originally Posted by gerbick View Post
Or... the board knew, this was their intent all along, thus it wasn't a problem once they found out he's one of the top ten single entity (a person) shareholder of Microsoft.
I've been trying to say many times in this thread that he managed to sell 60% of his shares, but right after he joined Nokia, he was registered as MS insider. He had to stop selling. This is what Nokia has told today. Now that big strategic changes have been published, he can continue selling. It could have been handled better, but making some conspiracy theories (not blaming you here) is just plain stupid.
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