Nokia's Stephen Elop To Get $25.4 Million Payout, Most Of The Money Coming From Microsoft

wochit business
September 19, 2013 AT 1:23 PM
Former Nokia CEO Stephen Elop stands to get a giant paycheck once Microsoft?s deal to buy the Finnish company?s phone business is complete. According to a revised contract with Nokia, Elop ? a former Microsoft employee ? will collect an estimated $25.4 million including cash and early vesting of stock awards, when Microsoft?s $7.17 billion purchase of Nokia?s devices business closes.