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| Version 1 | Version 2 |
|---|---|
| Former Nokia boss Stephen Elop to receive $25m pay-off | Former Nokia boss Stephen Elop to receive $25m pay-off |
| (34 minutes later) | |
| Former Nokia chief executive Stephen Elop, will receive a $25.4m (£16m) pay-off when Microsoft's deal to buy Nokia's handset business goes through. | |
| Under the deal, Mr Elop will receive 18 months of his salary and money from incentive and share schemes. | |
| Mr Elop moved from Microsoft to run Nokia in September 2010 and will return to his former employer when the deal is completed. | Mr Elop moved from Microsoft to run Nokia in September 2010 and will return to his former employer when the deal is completed. |
| Microsoft will fund 70% of his pay-off, which has sparked anger in Finland. | Microsoft will fund 70% of his pay-off, which has sparked anger in Finland. |
| The nation's economy minister, Jan Vapaavuori, reportedly said: "I find it difficult to understand the merits of this bonus." | The nation's economy minister, Jan Vapaavuori, reportedly said: "I find it difficult to understand the merits of this bonus." |
| Earlier this month Microsoft agreed a deal to buy Nokia's mobile phone business for $7.2bn. | Earlier this month Microsoft agreed a deal to buy Nokia's mobile phone business for $7.2bn. |
| The purchase is set to be completed in early 2014, when about 32,000 Nokia employees will transfer to Microsoft. | The purchase is set to be completed in early 2014, when about 32,000 Nokia employees will transfer to Microsoft. |
| Nokia shareholders are due to vote on the deal on 19 November. | Nokia shareholders are due to vote on the deal on 19 November. |
| In information provided for shareholders ahead of that meeting, Nokia explained in detail Mr Elop's compensation. | |
| When the deal with Microsoft was signed on 3 September, Mr Elop agreed to step down as Nokia chief executive and take a new job at Microsoft when the deal is completed. | |
| Due to that change Nokia says that he is entitled to 18 months of his salary and what Nokia describes as a "management short term cash incentive" which combined are worth $5.7m. | |
| He also is entitled to share awards worth $19.7m. |