In mid-November 2002, Jorma Ollila, president of Nokia, and his management team to decide a course of action for growing cash pile of its 8 billion euros. The Company has no direct acquisition on the horizon, and boasts a low debt load: 450 million in long-term debt and 2.6 billion euros in financing customer feedback. Ollila recently ruled buyback after credit agencies like Moody threatened to lower the company's current credit rating of A1. Ollila has come up with a plan to cash in two weeks that will satisfy shareholders. In developing the plan, Ollila and his management should take into account the environment and the potential future of Nokia, investments and financing needs. "Hide
by Ahmad Rahnema, Jordan Mitchell Source: IESE 25 pages. Publication Date: October 29, 2004. Prod. #: IES107-PDF-ENG
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