DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!

   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
DarkVision Hardware - Daily tech news
January 23, 2018 
Main Menu
News archives

Who's Online
There are currently 891 people online.


Latest Reviews
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
Lamptron FC-10 SE fan controller

Follow us

Attempt to oust Nokia CEO and reverse Windows Phone deal fails (updated)

Posted on Wednesday, February 16 2011 @ 16:11:31 CET by

UPDATE - February 17th, 2010 @ 14:15 CET: Apparently, Plan B was nothing but a hoax...
There's just one problem, though: the "nine young investors" don't really exist -- according to the last tweet on the @NokiaPlanB Twitter account, it was all a hoax perpetuated by "one very bored engineer who really likes his iPhone."

An attempt by a small number of Nokia shareholders to overthrow Nokia CEO Stephen Elop and reverse the partnership with Nokia has died with a whimper. Nine shaderholders wanted to challenge the deal and present their "Plan B" at the next Nokia shareholders meeting, but the plan has been stopped in its tracks because it's too radical for institutional investors. Plan B proponents now recommend disgruntled shareholders to sell their stock and invest in companies that follow their strategy.
If elected to a majority in the Nokia board of directors, they had planned to remove Stephen Elop as CEO, restructure the alliance with Microsoft, make Meego Nokia's primary smartphone operating system, extend the lifespan of Symbian, and aggressively recruit young talent.

But Plan B stopped before it even got started. Although it was contacted by hundreds of individual shareholders pledging their support, the same could not be said for institutional investors.

The rogue shareholders said on the Plan B blog, "These institutions have a fiduciary responsibility to their customers and are legally barred from supporting radical initiatives like seating a bunch of kids on the board of directors."
Source: The Inquirer



DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2017 DM Media Group bvba