Nokia Boosts Stock options for Key Staff - The very next Web.
In what appears like move to carry on some of its most crucial staff, troubled Nokia has today testified that it’ s expanding its stock options program for 2012, targeting ” key senior level employees that are critical in carrying forward Nokia’ s strategy.”
The ailing Finnish mobile firm is helping the number of stock options finding granted under its Equity Program to complete year from around 8.5 million to approximately 11.5 million.
None of a slightly more stock options will be used by CEO Stephen Elop and in some cases his leadership team, instead they’ re being granted to others opening into the company.In today’ t announcement, the company loans:
“ We believe it really is a prudent use of stock or share, also designed to align the interests over these key employees with that from the shareholders.Any realization of the from the stock option awards will depend on successful execution of the techniques and a sustainable share price growth over time.”
The move follows additional trying to lose weight of operations for they in recent days, for example closure of its final Finnish mobile plant and the reported abandoning of the Meltemi feature phone OS.
Earlier this sunday, Nokia announced its Q2 last measure lender results, reporting a $1 million (826 million euros) moved their machines to loss on $9.21 thousand in net sales (7.5 thousand euros).The company’ s top brass clearly sees managing the individuals targeted by no means today’ s stock option program expansion as most important part of turning things around.
Image credit:Erkka Piirainen
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Category: Insider
