Right... and to be honest, Elop was the nail in a coffin that Nokia seemed to have already been slipping into. They lost faith when Android and iPhone happened. They should have jumped into the Android market and kicked Samsung's ass - something they had been doing for about 2 decades - and aimed to become the market leaders again by 2020 - a spot reserved for whichever handset maker rules Android at that time.
When I worked for Nokia in 2002 (I interned there - best time of my life, best company ever to work for, best people to work with) - the seeds of doubt had already started setting in. There was a strong feeling in the company - especially in Nokia Networks that the company was good at making hardware but not software, and software would define the future. And so Nokia had to get its act together. This was not true - the software was OK. But in particular, people seemed to be intimidated by Microsoft, which according to them was all but poised to take over the future.
Around that time there was also a slew of foreign hires in the upper echelons - it was like the company was trying to reinvent itself even though it was really as good as any company could ever get. People cared about each other, they cared about building their best stuff - because they genuinely cared about the company and couldn't bear to see the Nokia brand stamped on anything less than perfect.
Yes, I have rose-tinted glasses, and lament what happened - but you would find this thinking in a lot of people who worked in Nokia in that era. It's partially because I feel like it was more than a company - there was a solidarity among people you don't see a lot in the world nowadays.
And that depresses me even more about people such as Stephen Elop. People like that - and others who got in and unhinged the company are like Wall Street scavengers who couldn't care less about anything human, creativity, the quest to find excellence - if they had to shred people's lives and spirits to mint a few extra coins they would do it without a hint of compunction.