CEO said to be in the clear as he sold off about 1/8th of his shares.
The guys over at Gizmodo seem to have pointed out what could be a potentially dangerous situation for Nokia’s new CEO. Stephen Elop, who recently switched over from Microsoft to Nokia reportedly holds 174,000 shares in Microsoft and interestingly none, in Nokia.
Interesting how Nokia was deemed a burning platform until they embraced Microsoft with Stephen Elop being toted as the man who saved a company which many claimed were ‘Finnished’ (Sorry, couldn’t resist).
This may not be such a big problem though as Nokia claims that Elop was actually able to sell off about 1/8th of his shares. Any more and he would have been at risk of insider trading.