Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

I am trying to think what other role can use this excuse of factors out of my control and failure to move the top line metric (in fact moving the other direction) but yet rewarded with a 400% increase in pay


https://en.wikipedia.org/wiki/Stephen_Elop#Acquisition_by_Mi...

"As of June 2013, Nokia's mobile phone market share had fallen from 23% to 15%, their smartphone market share gone from 32.6% to 3.3%, and their stock value dropped by 85% since Elop's takeover."

"Controversy arose around Elop receiving a €18.8 million bonus after Nokia sold its mobile phone business to Microsoft and he stepped down as the CEO. The controversy was further fueled after it was revealed that his contract had been revised on the same day as the deal was announced."


I'm not here to justify Mitchell's pay.

But you can't write an article about the decline of Firefox market share during the rise of Chrome and blame it all on the CEO.

(Mitchell's only been CEO for a year or so, but it is true that she (and Brendan, before he left) were largely the powers behind the throne since the beginning of Mozilla.)




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: