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I figure how Elop pitched himself was "Let's try something crazy, and hey, we always have a plan B, I have an in at Microsoft." CEOs may have significant power,
by Hominem 12y ago
I figure how Elop pitched himself was "Let's try something crazy, and hey, we always have a plan B, I have an in at Microsoft." CEOs may have significant power, but they can't just sell the company with no buy in from major shareholders.
- frik 12y agoTrue, major Microsoft shareholders were also major Nokia shareholders. compare http://finance.yahoo.com/q/mh?s=MSFT http://finance.yahoo.com/q/mh?s=MSFT and http://finance.yahoo.com/q/mh?s=NOK http://finance.yahoo.com/q/mh?s=NOK
- ntakasaki 12y agoWhich specific shareholders are you referring to from those lists?
- tanzam75 12y ago99.52% of votes were cast in favor of the Microsoft acquisition at Nokia's Extraordinary General Meeting on November 19, 2013. But that's not what makes this a friendly takeover, because shareholders also have to approve hostile takeovers. This acquisition is a friendly takeover because the Board is in favor.