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Submission + - Nokia Admits Giving Misleading Information About Elop's Compensation (forbes.com)

walterbyrd writes: According to changes implemented in 2010, Elop was entitled to immediate share price performance bonus in case of a “change of control” situation such as selling of Nokia’s handset division. Curiously, his predecessor Kallasvuo had no such clause in his contract. This adjustment meant that unlike previous CEOs, Elop was facing an instant, massive windfall should the following sequence happen to take place:

Nokia’s share price drops steeply as the company drifts close to cash flow crisis under Elop.
Elop sells the company’s handset unit to Microsoft MSFT -0.87% under pressure to raise cash
The share price rebounds sharply, though remains far below where it was when Elop joined the company.
Should this unlikely chain of events ever occur, Elop would be entitled to an accelerated, $25M payoff.

Through some strange coincidence, that very sequence of events actually did happen to take place between 2011-2013.

Comment Re:Payout a separate thing... (Score 1) 130

Effectively, they took away Amazon's ability to do what was best for itself at the expense of the industry as a whole. After all, Amazon wins by lowering prices regardless of what happens to the publishers

I am not sure that is the way it works. The publishers can make any sort of deal with Amazon that the publishers want. The publishers could tell Amazon, and anybody else, this book has to sell for at least $X. If Amazon did not agree, then Amazon could not sell the book, and publishers would sell the ebook through Apple, or B&N, or whatever - and Amazon would not want that.

Your assertion that Amazon ever had complete control of the pricing does not seem accurate to me. Can you cite your source for that?

Comment Re:bullshit (Score 1) 454

And then what? The US will be called "invaders" it happens every time. The US will be accused of invading Syria to steal mid-east oil, just like when the US pushed Iraq out of Kuwait.

Muslims, all over the world, will blame the US for everything. Terrorist attack against US interests will follow.

And for what? The crazies will go right back to killing one another, just like they have for over 1000 years.

Neither side, in this conflict, will ever be friends with the US. Neither side are the good guys.

Leave the mid-east alone, let them solve their own problems, in their own way.

According to your post:

> especially since this civil war has no end in sight.

Exactly. Both sides are committed to non-stop violence against each other, and everybody else. It is just the way things are in the mid-east. It is their culture, and we cannot change it.

Submission + - Stop Blaming Indian Companies for Visa Abuse (bloomberg.com)

walterbyrd writes: It is amazing, in this racially enlightened century, that we still see members of the U.S. Congress demonizing an ethnic group. Yet that is what happened when the Senate adopted a provision in the immigration bill singling out Indian and Indian-American information-technology companies that have operations in the U.S. with punitive restrictions on H-1B work visas. By contrast, the legislation expanded access to the visa to others in the technology industry.

Comment Re:Tell me again (Score 1) 918

It's a good chance for the USA to flex its military muscles and show the rest of the world that yeah, Iraq wasn't too great. But challenge us and we'll tear your country to pieces.

Then we can enjoy even more terrorist attacks against innocent civilians.

The Qur'an demands that those who make mischief om Muslim lands be slain. That is what the terrorist, who butchered the British soldier on the street, was referring to after his attack.

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