Former CEO Salaries polemical rattles Nokia

Former CEO Salaries polemical rattles Nokia
Salary received Elop at Nokia considered too large.

Nokia is facing internal polemics involving the payment of salaries of former Chief Executive Officer (CEO) of Nokia, Stephen Elop. The polemic began with misleading statements that came out of the mouth of the Chairman of the Board of Nokia, Risto Siilasmaa.

Siilasmaa did admit he gave incorrect information about payroll Elop.

He said, Elop received a salary of U.S. $ 25.4 million, or equivalent to Rp292 billion, during the purchase agreement business line handset Nokia by Microsoft earlier this month.

The information was then sparked a backlash in Finland, Nokia's home base, reported by the BBC, Wednesday, September 25, 2013.

Realizing his statement caused controversy, last Tuesday, he admitted his guilt to the Finnish newspaper, Helsingin Sanomat Finland.

"This case is a very unfortunate thing, let alone to cause a lot of emotion," said Siilasmaa, the newspaper reports.

As we know, when Nokia and Microsoft deal happen, Elop agreed to step down from the chair and the CEO will take a new position at Microsoft as its contract with Nokia completed.

Due to a change in that position, Nokia said Elop entitled to 18 months salary. Elop also entitled to a U.S. $ 5.7 million and the right shares of U.S. $ 19.7 million. Thus, the former CEO's earn about U.S. $ 25.4 million, or about Rp292 billion.

Well, it turns out that a large number of salary payments sparked anger in Finland. One of them is that infuriated the Minister of Economic Finland, Jan. Vapaavuori. "I find it hard to understand the benefits of the salary bonus," he said.

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