Nokia's Stephen Elop to make more than $25 million for jumping to Microsoft

Earlier this month Microsoft announced that it would be buying the phone division of Nokia for $7.2 billion. A leadership shuffle at Nokia was part of that, with the company's now-former CEO Stephen Elop heading to Redmond after the close of the deal — and as The New York Times points out he'll be making more than $25 million for taking the leap.

Elop stepped down as CEO and president of Nokia for an executive vice-president role, but he'll be staying with the company until the deal itself finally closes. His contract with Nokia guaranteed him slightly different payouts depending on the circumstances of his departure from the company. An amended version of that agreement now entitles him to the same compensation whether he ends his...

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