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| Authored by: PJ on Sunday, July 15 2012 @ 12:40 PM EDT |
| Does the rumor include names of the investors? [ Reply to This | Parent | # ]
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- "American institutional investors" - Authored by: Anonymous on Sunday, July 15 2012 @ 02:00 PM EDT
- Worst CEO Ever - Authored by: symbolset on Sunday, July 15 2012 @ 02:26 PM EDT
- Worst CEO Ever - Authored by: symbolset on Sunday, July 15 2012 @ 03:12 PM EDT
- Fresh blood - Authored by: Anonymous on Sunday, July 15 2012 @ 07:54 PM EDT
- The timing of the announcement - Authored by: Anonymous on Sunday, July 15 2012 @ 09:36 PM EDT
- Fresh blood - Authored by: Anonymous on Sunday, July 15 2012 @ 10:57 PM EDT
- Fresh blood - Authored by: Anonymous on Sunday, July 15 2012 @ 11:35 PM EDT
- Fresh blood - Authored by: Anonymous on Sunday, July 15 2012 @ 11:58 PM EDT
- Fresh blood - Authored by: PJ on Monday, July 16 2012 @ 06:24 AM EDT
- Fresh blood - Authored by: Anonymous on Monday, July 16 2012 @ 01:40 PM EDT
- Fresh blood - Authored by: jonathon on Monday, July 16 2012 @ 05:03 PM EDT
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| Authored by: stegu on Sunday, July 15 2012 @ 01:45 PM EDT |
Ah, so Microsoft is not only using their puppet
to dump Nokia and buy their patents cheap, they
are planning to buy Finland?
Seriously, a shareholder can't make the board
run another company's errands if it's
devastating to Nokia. It's illegal collusion to
forego the best interests of Nokia. MS is not
the majority owner, right?
This point is raised by the blog article. Hence
my question: how can Elop remain in charge?[ Reply to This | Parent | # ]
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| Authored by: sproggit on Sunday, July 15 2012 @ 02:37 PM EDT |
I am currently working for a large, publicly-traded multinational, which has a
very simple set of objectives that span the entire organisation, from the Board
of Directors down through the CEO to every employee (paraphrased):-
1. Maximise Shareholder Value
2. Look after Customers
3. Look after Employees
[ There's a certain inevitable grumbling, amongst employees at least, at the
thought of being 3rd in line in priorities, but when you think about it, this is
the most logical approach for any company ].
Obviously I am not aware of the relevant portions of domestic law pertaining to
Nokia's stock, but I would expect that Elop is required to work with the best
interests of the shareholders in mind.
We cannot examine what is *actually* happening without being hugely subjective.
However, it is a fact that Nokia's market share is being decimated, sales are
declining, and the market is abandoning them. The uncertainty here is to
establish whether this chain of events is taking place *because* of Elop, or
*despite* everything that he is doing to stop it.
I don't know enough to form or offer an opinion either way.
However, it is interesting to note, from the commentary in the parent post, that
appointment decisions are allegedly being influenced by major shareholders. In a
strange way this reminds me of what happened with SCO after Judge Cahn took over
as Trustee [insanity ensued].
A few thoughts...
1. Given that Nokia is a publicly traded company, has anyone got any information
on the distribution of share ownership?
2. Given the size of Nokia to the Finnish economy, and, as the parent post
mentions, Nokia stock is critical to pension funds and entire towns in Finland,
are there no non-Exective Directors, anywhere, who can't take a deeper look at
this?
3. Given how significant this must be to the Finnish economy, has the Government
of Finland expressed any interest in what's going on?
[ Reply to This | Parent | # ]
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| Authored by: TerryC on Sunday, July 15 2012 @ 02:44 PM EDT |
Well... I'm sure that many of us believe that something like that happened, but
without evidence all you have is rumour.
The original Newspick carries authority because Tomi is an acknowledged
authority on the mobile market, an ex-Nokia exec and backs up his claims with
checkable facts. You will note that although Tomi's piece mentions several
facts that point towards collusion between Elop and his (former?) masters
(frequent trips 'home' to Seattle to visit his family at weekends for example),
he never actually says that there was any collusion. If someone really had
evidence of what is alleged, then I've no doubt that legal procedings would have
been instigated long ago.
The only provable fact about Elop is that he is incompetent and that is what
Tomi bears down on. Whether that incompetence is down to blind stupidity or
something else is only pure speculation.
I hope that he is pushed out soon so that Nokia has at least a chance of
fighting its way back to relevance.
---
Just think; if Microsoft added 'You hereby grant us a license to print money' to
their EULA, it wouldn't change its meaning a bit.
Terry[ Reply to This | Parent | # ]
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