By Vamien McKalin | May 08, 2013 09:47 AM EDT
Nokia shareholders are not in a happy mood, and don't be too surprised if in the not so distant future, they begin calling for the head of CEO Stephen Elop. Due to the situation Nokia has found itself in after Symbian went downhill and after the company's switch to Windows Phone, shareholders are calling for Nokia to take a different route, one that might include walking away from Windows Phone.
All these disagreements happened during the annual shareholder meeting held on Tuesday in Helsinki. One particular share holder implored Elop to change strategies.
"You're a nice guy ... and the leadership team is doing its best, but clearly, it's not enough," shareholder Hannu Virtanen told Elop, according to Reuters. "Are you aware that results are what matter? The road to hell is paved with good intentions. Please switch to another road."
Another investor, according to the Wall Street Journal, asked Elop why Samsung is achieving what the investor characterized as "10 times better results than Nokia."
To all these negative comments, Elop didn't have a direct answer, however, he did state:
"We make adjustments as we go. But ... in today's war of ecosystems, we've made a very clear decision to focus on Windows Phone with our Lumia product line," Elop said, according to Reuters. "And it is with that that we will compete with competitors like Samsung and (Google's operating system) Android."
It's not certain for how much longer Elop will continue on this route with Windows Phone before shareholders call for his head. We're guessing if the company continues to show signs of growth and if Windows Phone market share grows exceptionally by the end of 2014, shareholders might choose to keep the pitchforks in their barns a little bit longer.
Come May 14, Nokia must show its best hand or risk being swallowed by Samsung and the Galaxy S4.
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