Feeds

Dissenting Nokia shareholders stop throwing toys from pram

Elopocalypse: Day Five

The essential guide to IT transformation

The anonymous Nokia investors who boldly launched a "Plan B" for the company are giving up after just 48 hours.

The group called for the dismissal of CEO Stephen Elop and outlined an alternative strategy based on high-margin, Nokia-developed platforms. But despite gathering thousands of supportive Tweets (1,585) and Facebook "likes" (4,848), they say they realise that institutional investors aren't going to change course.

Well, duh.

It's the institutional investors who demanded radical change at Nokia, and now they've got it. They can weather a few Tweets.

The Plan Bees also noticed, belatedly, that by the time the Nokia AGM – the traditional stage for futile token gestures shareholder activism – rolls round on 3 May, most of the engineers capable of carrying out their programme will have left.

"We also realised that by the time our Plan B would kick in, most remaining software talent in Nokia would have already left the company, so it would be really an uphill battle to pick up things from there," they note. ®

The essential guide to IT transformation

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
EE plonks 4G in UK Prime Minister's backyard
OK, his constituency. Brace yourself for EXTRA #selfies
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.