Poll: Finnish investors looking forward to collect signatures to Sack Stephen Elop out of Nokia

Stephen Elop is the current Chief Executive Officer at Nokia and just after his appointment in Nokia as C.E.O, he had played vital role in making Nokia and Microsoft's partnership. Since that partnership took place, the Smart Phone OS for Nokia's devices has been switched to Windows from Symbian. They have made their total focus on Windows Phone 8 devices that have to be announced in September this year.

Stephen Elop not only declared Symbian OS as the burning platform but also abandoned Meltimi and MeeGo mobile operating systems. Since then Nokia is in tough transition period. He has also closed many Nokia's factories worldwide to save the resources for the company, which resulted in employee down sizing at massive level in the company. Even the Finnish factory of Nokia has been shut-down and the production has been outsourced to Asian countries.

Kauppalehti (Finnish business newspaper) describes that in such a situation investors in Finnish Mobile Company (Nokia) have decided to collect the signatures from shareholders to get Stephen Elop sacked out of the company. The only thing that could make the CEO's position safe is Windows Phone 8's success. And  in case Windows Phone 8 also brings up disappointment just like Windows Phone 7.5 did for the company, the board of directors have hinted to switch over to Android (as a backup plan).


IMOH, Patrick E.
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