Some interesting perspective on Nokia's radical new CEO Stephen Elop from 2008, when he left his job of one year running Juniper Networks to work at Microsoft. The article paints a damning picture of a mercenary short-timer who costs his employer huge wads of cash in expenses, cash and bonuses, without delivering, and who leaves the day after he vests:
Stephen Elop is making news by giving up his job as chief operating officer job at
Juniper Networks after one year to take over as the top executive of Microsoft's business software division.
Microsoft beware: Stephen Elop is a flight risk
The move will actually cut down Elop's commute to work. He lives in Canada...
That's right, Elop was commuting from Canada to Silicon Valley these past two years, and doing it on his employer's dime. First at Adobe Systems, which bought his previous employer Macromedia in late 2005. Adobe paid out $145,149 to cover Elop's commuting from Canada in 2006.
After he had been working at Adobe for about six months, Elop told the company in June 2006 he'd be leaving, setting his departure date as Dec.5, one year to the day since he had been hired. For his year of service, Elop was paid a $500,000 salary and $315,000 bonus. Oh, and got a $1.88 million severance payment, on top of that. And all of his restricted shares vested when he left, despite the original performance strings that had been attached to them.
(via O'Reilly Radar
(Image: Stephen Elop talking Android, a Creative Commons Attribution (2.0) image from gsi-r's photostream)
For decades, Warner/Chappell Music claimed to own the rights to the Happy Birthday song, despite the reams of copyright scholarship and historical research showing they had no legitimate claim.
Trade agreements like TPP and the US-EU TTIP are notorious for their Investor State Dispute Settlement (ISDS) clauses, which let corporations sue governments in secret proceedings, in order to force them to get rid of environmental, safety and labor laws that reduce profits.
Last June, the founders of Portland’s XOXO Conference announced a new co-working space; now they’ve formalized it, calling it “XOXO Outpost” and promising “something more than just a place to sit on your laptop—a supportive community of amazing people you’re genuinely excited to see every day, and XOXO’s extended network of friends and advisors to […]
You’ve heard the news: cyber security is the new and very scary frontier. Hackers are out there just waiting for you to relax for a second and let them in. But that’s not going to happen to you. With a lifetime premium subscription to ZenMate VPN, you’re completely protected from anyone out there who wants […]
Remember back to the time when people thought java was just a hip way to talk about coffee? Or you vaguely remembered from geography class that it’s an island in the South Pacific? We’ve come a long way since then and now that we’ve rocket blasted into the tech future, you’re going to need to […]
Plastic is so 2013. You don’t want to buy something only to throw it away or lose it and barely care. You like nice things and want to hang onto them. The Plazmatic lighter here is a high quality, high tech alternative to the typical cheap, plastic lighter you get at the old gas station. […]