Nokia CEO Stephen Elop is Microsoft’s Eighth Largest Individual Shareholder
THE NEW CORPORATE TAKEOVER: Elop leaves his post as head of Microsoft’s business division to become CEO of Nokia, and makes his first big move to closely tie Nokia’s future to Microsoft and its Windows Phone operating system. All while still owning something in the neighborhood of 130,000 shares of MSFT company’s stock. In the process, Microsoft effectively gets control of a handset maker without paying an acquisition price, a pretty huge asset in a competitive mobile battleground currently dominated by Apple and Google’s legion of Android partners.
All of which makes it easy to understand why some employees were so upset about the decision, they staged a walk-out. But don’t expect Elop and his leadership to budge, so much as push their opposition out of the way. Any general in Ballmer’s army has to know, there’s no such thing as a bloodless corporate coup.
(Thanks to Flytip for the link.)