Nokia recently announced that they would be selling their mobile phone unit to Microsoft, and that the company’s CEO Stephen Elop would be leaving and joining Microsoft.
Stephen Elop is scheduled to receive a $25 million pay off from Nokia, although it would appear that Nokia is trying to reduce the amount of the bonus.
The news of the $25 million bonus has not been very well received in Finland, and this is why Nokia is asking Elop to take a smaller bonus. Stephen Elop is in the middle of a divorce, and he has said that he cannot convince his Wife to take a smaller settlement even if he did reduce the pay out from Nokia.
Source The Verge
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