Stephen Elop has hit the jackpot after shepherding the Microsoft-Nokia deal.
Elop is set to receive 18.8 million euros in compensation ($25.5 million) after Nokia shareholders approve the deal and Microsoft completes its takeover of Nokia's devices and services business. The compensation is made up of his base salary of 4.1 million euros, benefits worth 100,000 euros, and stock awards of 14.6 million euros.
Microsoft will bear 70 percent of the compensation, while Nokia will pay the rest. The deal is expected to close in the first quarter. The disclosure was made in a … Read more