Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

News SummaryMost relevantAll newsSector newsTweets 

Nokia CEO's pay package halved in 2012

share with twitter share with LinkedIn share with facebook
share via e-mail
03/07/2013 | 09:10pm CET

Nokia Chief Executive Stephen Elop took a 45 percent cut in his pay package last year, according to a U.S. regulatory filing, as the company continued losing market share in smartphones to Samsung and Apple.

Elop, hired in 2010 from Microsoft Corp to turn around the Finnish mobile phone maker, earned 4.33 million euros ($5.63 million) in 2012, down from 7.94 million euros in 2011.

While his base salary rose by 59,500 euros to 1.08 million euros, his stock and option awards fell slightly and he earned no bonus, according to the Thursday filing with the U.S. Securities and Exchange Commission.

His 2011 compensation included about 2 million euros to make up for income lost as a result of his move from Microsoft.

Nokia's shares fell 22 percent last year. The company reported an underlying profit in the fourth quarter thanks to cost cuts, but it axed its annual dividend payment for the first time to shore up its cash position.

The SEC filing included a customary list of risk factors, many of them focused on whether Elop's controversial decision in 2011 to adopt Microsoft's untested Windows Phone software would pay off.

Nokia said on Thursday that it will receive more payments from Microsoft than it pays to the software giant this year, but will be a net payer in royalties starting in 2014.

It said its payments to Microsoft will exceed what it receives from the U.S. company by about 500 million euros ($650 million) over the remainder of their pact. The companies have not disclosed how long their deal will last.

Morgan Stanley said the market had feared a higher net payment from Nokia to Microsoft in coming years. But it said the filing would not affect its forecast for sales of Lumia, Nokia's Windows Phone handsets. It expects Nokia to ship 40 million Windows Phone handsets in 2013.

(Reporting by Ritsuko Ando; Editing by Elaine Hardcastle and John Wallace)

By Ritsuko Ando

share with twitter share with LinkedIn share with facebook
share via e-mail
02/21 MICROSOFT : PHL in top 10 of countries under malware threats
02/21 MICROSOFT : European Authorities Raise Fresh Concerns over Windows 10 Data Colle..
02/21 EMOTIONAL INTELLIGENCE : Future of Artificial Intelligence
02/21 MICROSOFT : TrueCommerce Achieves Certified for Microsoft Dynamics AX Accreditat..
02/21 MICROSOFT : Sunny Delight Leverages OneNeck to Deploy AX Environment in Azure
02/21 MICROSOFT : Water bill could affect Microsoft`s billion-dollar data center
02/21 MICROSOFT : Avecto finds 94% of critical Microsoft vulnerabilities mitigated by ..
02/21 GEMALTO : extends eSIM technology to Windows devices
02/21 GEMALTO : extends eSIM technology to Windows devices
02/21 MICROSOFT : CBT Nuggets Announces Microsoft Windows Server 2012 40-410 Course
More news
Sector news : Software - NEC
02/21 HSBC pulls FTSE lower
02/15 European bank shares climb to three-week high in earnings-driven trade
02/11DJORACLE : Google Legal Battle Enters New Chapter
02/10DJINTUIT : What to Know Before Using Free Tax-Return Services
02/08DJINTUIT : Trims Second-Quarter View on Sluggish Tax Season
More sector news : Software - NEC
News from SeekingAlpha
02/21 Blackstone Acquires CloudReach For Access To IPaaS Market
02/21 Baidu Acquires Raven Tech To Ramp Up Smart Home Efforts
02/21 European Union data-protection representatives reissue concerns over Microsof..
02/21 SELF-DRIVING TECHNOLOGY : 8 Tech Companies For Investment
02/21 MICROSOFT & NADELLA DO EARNINGS RIGH : A Samadhi Partners Video Brief
Financials ($)
Sales 2017 96 599 M
EBIT 2017 28 579 M
Net income 2017 19 027 M
Finance 2017 37 416 M
Yield 2017 2,38%
P/E ratio 2017 26,15
P/E ratio 2018 21,44
EV / Sales 2017 4,78x
EV / Sales 2018 4,37x
Capitalization 499 353 M
More Financials
Duration : Period :
Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | 4-Traders
Full-screen chart
Technical analysis trends MICROSOFT CORPORA...
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 38
Average target price 69,6 $
Spread / Average Target 7,6%
Consensus details
EPS Revisions
More Estimates Revisions
Satya Nadella CEO & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Jean-Philippe Courtois President-Global Sales, Marketing & Operations
Amy E. Hood Chief Financial Officer & Executive Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
RED HAT INC18.51%14 727
HEXAGON AB11.74%14 083
CITRIX SYSTEMS, INC.80.27%12 586
SYNOPSYS, INC.19.79%10 612
SPLUNK INC25.85%8 732
More Results