Stephen Elop will make over $25 million in his return to Microsoft

Stephen Elop surely has a good reason to smile these days. According to a report in The New York Times, NokiaÂ's former CEO will make more than $25 million in his return to Microsoft after NokiaÂ's acquisition deal closes. Mr. ElopÂ's payout will be composed of salary, management incentives, and stock awards. The latter make for the bulk of the $25+ million he will take home. Microsoft will cover 70% of the payment, while the rest will come from Nokia.

Elop vacated his post as Nokia CEO and President and took a role in the Finnish company as an executive vice-president.

GSM Arena , Stephen Elop will make over $25 million in his return to Microsoft, Stephen Elop will make over $25 million in his return to Microsoft