Items tagged with Stephen Elop

Mobile phones reveal more about ourselves than perhaps we'd like to admit. Evidence of that can be found in the way we use our phones -- people have been known to walk into traffic and, in once incident, right off a pier and into the ocean while texting. But it's the selfie craze that lets the world know we're all a bunch of narcissists at heart. In an attempt to capitalize on that, Microsoft is planning to launch a selfie phone in the near future. According to The Verge, Microsoft devices CEO Stephen Elop recently showed off a couple of upcoming handsets during an internal company meeting. One... Read more...
There are many reasons why Microsoft's $7.2 billion acquisition of Nokia's Devices & Services division could be a good thing for all involved. Nokia, which has had a tough time competing in the mobile handset market next to Android and iOS, gets to bow out of the business with significantly more cash, though if Microsoft turns things around and makes its Windows Phone platform a true competitor, the Finnish phone maker may regret the sale (we also don't know what would have happened if Nokia opted to embrace Android at this point in the game). Building up the Windows Phone platform is exactly... Read more...
Now that Steve Ballmer is retiring as chief of Microsoft, the Redmond software giant is need of a new CEO. The company needs someone who can navigate through mobile waters without sinking below the Surface, and if that person happens to have experience in the mobile arena, all the better. So goes the conventional wisdom in gambling circles that has Nokia's Stephen Elop as the odds on favorite to step into Ballmer's shoes. Ladbrokes Plc (LAD), a gambling operator in the U.K., lists Elop's odds as 5-to-1. He's ahead of theoretical candidates Kevin Turner and Julie Larson-Green, both insiders, and... Read more...
As Nokia struggles to regain relevancy in a mobile market dominated by Apple and Samsung, Stephen Elop, the company's chief executive officer, took a 45 percent pay cut in 2012, according to a U.S. regulatory filing. No need to head off to the pantry and put together a care package for Mr. Elop, however, as he still took home 4.33 million euros, or around $5.63 million in U.S. currency, so it's safe to say he's not going hungry anytime soon. Mr. Elop earned 7.94 million, or around $10.3 million, in 2011. His base salary was actually higher in 2012 than in 2011, but his stock option awards declined... Read more...