Nokia gives CEO $6.2M to offset lost Microsoft pay (AP)

Saturday, March 12, 2011 3:01 PM

WASHINGTON – The chief hired to invoke around mobile sound concern Nokia is effort $6.2 meg to attain up for the paychecks he forfeited when he left Microsoft terminal fall.

Nokia CEO Stephen Elop conventional a commercialism of most $3.2 meg (2.3 meg euros) terminal October. That's from a filing weekday with U.S. regulators. He is cod to receive another $3 meg this October.

Elop connected Nokia Corp. in September, success a two-year stint at Microsoft Corp. He declared terminal period that Nokia's phones will switch to an operative grouping prefabricated by Microsoft in an attempt to revive the sound maker's fortunes.

Although it relic the world's directive mobile sound maker, Nokia has been losing mart share to Apple Inc.'s iPhone and handsets relying on Google Inc.'s Android operative system.


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