Comment by belltaco
2 years ago
>MicroSoft exec joined a phone company as a CEO
One does not just "join" the biggest company in a foreign country as CEO. The board decided to hire him after evaluating all options.
The board's chairman was this guy who was CEO of Nokia for 14 years. https://en.wikipedia.org/wiki/Jorma_Ollila
Why would he allow Elop to be hired unless he thought it was in the best interest of Nokia to align with Microsoft?
Not to mention the board could've fired Elop anytime if they thought he was prioritizing MS's interests over Nokia's.
Technically correct, but this doesn't contradict what I said.
An interesting point is that Nokia managed to sell its phone business to MS for a good amount. It was a sinking ship and MS phones never really took off, so who stooged whom is a good question.
I mean, given the potential the price wasn't that amazing. And had they manged to continue to finance MeGoo development with their phone line that could have also result in sale of tablets, laptops and potentially other devices.
Even if Nokia market share would have dropped to less then 10%, that would still have been profitable business for them, and would have made them a major player.
Going from being the dominate player in a major growing market to getting a few billion for it, is not really a success.