Nokia+MSFT: Power of incentives
Considering that the present Nokia’s CEO Stephen Elop is one of the largest individual shareholders of Microsoft, no wonder they tied a knot.
And it’s not a surprise he tries to talk the Nokia’s share price down. He doesn’t currently have any Nokia shares, but he will have to buy some soon. And the cheaper Nokia shares are, the less he will pays for them.
As Charlie Munger puts it:
‘I think I’ve been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I’ve underestimated it. And never a year passes but I get some surprise that pushes my limit a little farther.’