Blood_Tears said: Link: http://www.spawnfirst.com/news/stephen-elop-may-be-bad-news-microsofts-xbox-division/ Stephen Elop May be Bad News for Microsoft’s Xbox Division
Former Nokia CEO Stephen Elop, who was an analyst favorite to take over for Steve Ballmer before Satya Nadella got the job, has just been announced as the new lead of Microsoft’s Devices and Studios division, handling Xbox and its games and overall entertainment as well as the Surface devices. This news comes from an internal memo written by Julie Larson-Green, who revealed that she will be taking up a new role as lead of the My Life & Work team in the Applications and Services Group, becoming Chief Experience Officer. Back when Elop was still running for Microsoft CEO, he was reportedly considering selling the entire Xbox division and possibly even killing off Bing as well. This comes on the heels of the discovery that Elop’s contract at Nokia contained major bonuses for the “change of control”. This means that if the company was sold, he stood to make much more money. In fact, Elop raked in $25 million just for killing the company that he was in charge of. During the 3 years Elop was Nokia CEO, Nokia revenues fell 40% and profits fell a whopping 95%. The company even saw it’s market share fall from 34% to 3.4%. Check out the excerpt from Wikipedia below:
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Msft's board hand picked a guy that has worked on the enterprise side, knowing that it is the future. We also have many investors wanting msft to dump bing and xbox, or hopefully sell them. Then nadella is rumored to pick a guy that would be just fine with dumping xbox, mabey, just mabey nadella is doing this to add some weight to the position of doing that, assuming that's what he'll do. I do know that the people.saying that he gets a carte blanche ability to do whatever he wants isn't.really accurate bc balmer and bill gates are still board members and still hold considerable rank within the company