Nokia’s chairman has been forced to admit he gave misleading information about Stephen Elop’s €18.8m pay-off, increasing pressure on the Finnish group over its handling of the episode.
Risto Siilasmaa told the Helsingin Sanomat newspaper that an “accident” meant that he had said that Mr Elop’s contract was the same as his predecessors’.
But a crucial difference between the two contracts meant that Mr Elop receives €14.6m in stock awards that Olli-Pekka Kallasvuo, the previous chief executive, would not have been entitled to.
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