With the Nokia/Microsoft deal officially closed last week on April 25, Stephen Elop has made his triumphant return to Microsoft. Elop is now the executive vice president (EVP) of the Microsoft Devices Group overseeing an expanded devices business that includes Lumia smartphones and tablets, Nokia mobile phones, Xbox hardware, Surface, Perceptive Pixel products, and accessories. Stephen Elop was paid 24.2 million euros ($33.4 million) in cash and shares after he left Nokia, thanks to rising Nokia share prices, he got more than what he was entitled to get. Elop himself is returning to the software giant after the deal closed on Friday, and based on Nokia’s share price in September he had been in line to get around 18.8 million euros for the early termination of his contract. Elop, whose severance payment includes just over 4 million euros in cash, stood down as Nokia chief executive in September and led the phone unit ...

Read More →

While Steven Sinofsky may not have many fans in Microsoft, it seems Wall Street loved him. In the wake of his departure Microsoft’s market cap took a $10 billion hit in early trading, recovering only somewhat during the course of the day. Analyst Rick Sherlund, Nomura explained why: “We hold Sinofsky in high regard as a technical visionary and his ability to deliver complex products on a timely basis,” he writes. “Sinofsky had previously driven successful Office releases, and the turn-around of Windows 7 after Vista, and we are of the view that the move is a loss to Microsoft. . We believe this also signals that Mr. Ballmer has no plans to turn over the reins as Microsoft’s CEO for the next several years, despite press speculation to the contrary. We think the move will weigh on the stock near-term. We don’t think the move is a reflection on ...

Read More →