Note: this article was mentioned 4/4/2011 on twitter in order to stimulate follow-up discussion.
It hasn’t been that long since many pundits, self included, read the technology tea leaves and predicted the pressure on Nokia CEO Olli-Pekka Kallasvuo would end in a change at the top. Sure enough, I was just pointed to a MarketWatch article stating that OPK had resigned and was being replaced by Stephen Elop, a business executive coming from Microsoft.
I take neither pride nor delight in calling this one. I was certainly not the first to bring it up, and as I’ve said I highly respected Mr. Kallasvuo. But even if Nokia’s struggles the past few years were not his fault, directly or indirectly, it’s an unfortunate fact of the fast-paced business world that stockholders often need a sacrificial lamb in order to regain confidence. CEOs, right or wrong, make the most obvious target. Continue reading