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Nokia in a tangle over golden handshake for head handset man

Nokia in a tangle over golden handshake for head handset man
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Chairman of Nokia, Risto Siilasmaa, has owned up to giving misleading information about the pay-off details of former chief executive Stephen Elop.

Elop is set for a bumper 19 million euro golden handshake, once Microsoft’s deal to buy Nokia’s handset operation goes through.

Siilasmaa told Finnish media that Elop’s pay-off was similar to his predecessors. However his contract was amended as the deal with Microsoft was under discussion.

Microsoft has agreed to pay more than half of the pay-off, the size of which has caused outrage in Finland.