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Nokia's Elop to sell remaining Microsoft shares

By David Meyer , ZDNet UK on February 14, 2011 

 

Summary

Nokia's new chief executive says he plans to sell off "substantial position of Microsoft shares" he accumulated at his former company.

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Nokia chief Stephen Elop is trying to rid himself of his numerous shares in Microsoft, he said at a press conference ahead of the start of Mobile World Congress in Barcelona.

After rumours emerged that Elop, who headed up Microsoft's Office division before joining Nokia last year, was the seventh-biggest individual investor in his old employer and new business partner, he moved quickly to say he had never been in such a pecunious position.

"That is not true--that would be a very substantial sum of money which I do not have," Elop insisted last Sunday, while conceding that he had "accumulated a very substantial position of Microsoft shares" while at that company.

Read more of "Nokia's Elop to sell remaining Microsoft shares" at ZDNet UK.

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