- WASHINGTON: The executive hired to turn around mobile phone maker Nokia is getting $6.2 million to make up for the paychecks he lost when he left Microsoft last fall.
Nokia CEO Stephen Elop received a payment of about $3.2 million (2.3 million euros) last October. That’s from a recent filing with US regulators. He is due to receive another $3 million this October.
Elop joined Nokia in September, ending a two-year stint at Microsoft.
He announced recently that Nokia’s phones will switch to an operating system made by Microsoft in an attempt to revive the phone maker’s fortunes.
Although it remains the world’s leading mobile phone maker, Nokia has been losing market share to Apple’s iPhone and handsets relying on Google’s Android operating system.

