On Air Now

Current Show

America Now   8:00 PM - 11:00 PM

Call America Now at 877-927-2639 between 5pm and 8pm

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
66° Feels Like: 66°
Wind: SE 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 62°

Tomorrow

Thunderstorms 79°

Fri Night

Thunderstorms 66°

Alerts

Nokia CEO compensation nearly halved in 2012: filing

Nokia's President and CEO Stephen Elop gestures during a news conference at the Mobile World Congress in Barcelona, February 26, 2013. REUTE
Nokia's President and CEO Stephen Elop gestures during a news conference at the Mobile World Congress in Barcelona, February 26, 2013. REUTE

HELSINKI (Reuters) - Nokia's Chief Executive Stephen Elop took a 45 percent cut in compensation last year, according to a U.S. regulatory filing, as the company continued losing market share to Samsung <005930.KS> and Apple in smartphones.

Elop, hired in 2010 from Microsoft to turn the Finnish mobile phone maker around, earned 4.33 million euros in compensation in 2012, down from 7.94 million euros a year earlier.

His base salary rose by 59,500 euros to 1.08 million euros while stock and option awards fell slightly. He earned no bonus, according to the 20-F filing with the U.S. Securities and Exchange Commission on Thursday. ($1 = 0.7692 euros)

(Reporting by Ritsuko Ando; Editing by Alison Birrane)

Comments