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Finnish Prime Minister: Nokia is “outrageous”

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.

 

 

3 comments for “Finnish Prime Minister: Nokia is “outrageous”

  1. Lealem puutti
    23/09/2013 at 19:04

    I hear many people blaming Elop for Nokia’s loss of fortunes, most of it is on his controversial decision to bet the company’s smartphone business on Microsoft’s unpopular Windows Phone mobile OS. ohh Nokia

  2. Ms Mussu
    02/10/2013 at 18:23

    As the prime minister said this kind of practices are common in the corporate world and for Nokia to pay Ellop is compleatly normal in fact if they would have not given him large rewards it would have been a scandal. Finland should just get over Nokia and concentrate on other products that would be competitive in the global market.

  3. Victor Alkoseva
    10/10/2013 at 00:24

    I am very amazed how Finns are so honest and sincere. I The fact that the national prime minister would say something like this in national television is just something to be proud of. Whiles the rest of the world is grumbling in corruption and dishonesty the Finns always gives value to integrity and transparency. Way to go Finland ! Love to live here