The Prime Minister of Finland told the press Saturday that the severance pay of Nokia’s ex-CEO is “quite outrageous”.
In an interview on Yle Tv1 Saturday morning, Prime Minister Jyrki Katainen said that the sum sounds “quite outrageous”.
Stephen Elop, the ex_CEO of Nokia was a Microsoft employee before he accept the position of Chief Executive Officer at Nokia. Elop receive 18.8 million euros after the successful Microsoft-Nokia acquisition.
“Many, with reason, are sure to be thinking about what is reasonable,” Katainen added.
The Prime Minister said that it is disturbing that especially during difficult economic times, such bonuses cannot be rationally justified. This, he noted, adds to a feeling of unfairness.
“Apparently the practices of rewards by large corporations all over the world are so exceptional that they cannot be comprehended by common sense,” stated Katainen.
You can read more about Finnish Prime Minister’s own corruption scandal HERE.