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Nokia Plans Layoffs, Strategic Change, Exec Change-Up

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Fire Stephen Elop, The CEO of Nokia

by ibnturab    Jun 15, 2012, 3:07 PM

It seems that the only real person they should have fired is stephen elop. He has single-handedly destroyed the top cellphone manufacturer. I don't quite understand why the share-holders keeping the same CEO who through a short 1.5 yrs at the helm has resulted in a 68% drop in Nokia's share values.

The only way for Nokia to survive this is to maintain yet minimize its reliance on Windows mobile. Simutlaneously, it must introduce an android line-up which would allow it to generate some income while windows mobile OS develops.

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