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No bonus in 2012 gives Nokia chief exec 45% paycut: company

AFP
March 9, 2013, 12:09 am TWN

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HELSINKI -- Nokia, once the world's biggest mobile phone maker, said Thursday chief executive Stephen Elop received no bonus in 2012 when the company posted huge losses, reducing his overall payslip by 45 percent.

According to Nokia's annual report filed to U.S. stock exchange authorities, Elop's earnings dropped from 7.995 million euros (US$10.46 million) in 2011 to 4.334 million last year.

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