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Posts: 207 | Thanked: 552 times | Joined on Jul 2011
#1427
Originally Posted by mikecomputing View Post
No one have cared so far why would they care now?
That's the bit I don't get, why did the EU/Finnish government stand on the sidelines playing pocket billiards whilst NOKIA's shareholders were being defrauded?

Elop has a fiduciary duty to act in NOKIA's best interests, jeopardising the companies very existence in order to benefit a third-party unrelated company he personally has an interest in is a clear breach of that duty.

I can't see how just signing the deal with Microsoft whilst personally holding Microsoft shares could have been legal. The moment he announced NOKIA would be 'exclusively' offering smartphones running the most unpopular OS on the planet, a proven failure in the market place and produced by a company he held shares in, there should have been an intervention.

This wouldn't have been allowed to happen if NOKIA had been a French or German company rather than Finnish, their respective governments would've been all over it like a rash.

It'll be interesting to see if they step in when Microsoft tries to pick up NOKIA's patent portfolio for a song.