Nokia's Fast Mover

Don't stop us if you've already heard this one.

Light Reading's sister site Unstrung discovered, while out clubbing [ed. note: seals?], that Finnish behemoth Nokia Corp. (NYSE: NOK) has a record-holder in its midst.

At a party organized for the launch of Nokia's new gaming device, they were told that Anssi Vanjoki, executive vice president, Nokia Mobile Phones, holds the Finnish record for the highest-ever fine for speeding. He smashed the speed limit on his Harley Davidson in October 2001, doing 75 km per hour (47 miles per hour) in a 50 km/h (31 mph) area.

They heard the fine was quite impressive, so when the man himself loomed into view, they cornered him and asked for the details. "I was fined €116,000," he admitted. (That's $125,000 at today's exchange rate.) Oh, how they laughed. And laughed. And laughed.

That, they figured, must be a record. "Yes it is, but not one I am proud of," he added, before tiring of such triviality and speeding off (though not on his throbbing engine).

It seems that in Finland, speeding fines are a proportion of your income: Vanjoki was forced to pay 14 days' worth of earnings. The fine was based on 1999 income, apparently, which means Vanjoki must have netted a cool €3 million that year.

So he could afford it, then.

Flying Finish
Flying Finnish
— Ray Le Maistre, European Editor, Unstrung
52543 12/5/2012 | 12:42:02 AM
re: Nokia's Fast Mover Did LR find out what the fine was for the hapless Nortel PR caught in the bus lane with Greg Mumford?

Can we have a section in Ligthreding dedicated to traffic crimes and misdemenaours?
cyber_techy 12/5/2012 | 12:41:54 AM
re: Nokia's Fast Mover This is a very old news. It definitely didn't arrive at Lightreading at the speed of light (Does LR use a Cisco powered network?)

I raced with a guy in a mercedes and topped off at 125mph (200 kph). I should have been fined $3000 (2 weeks pay) but I didn't get caught.
metroshark 12/5/2012 | 12:41:48 AM
re: Nokia's Fast Mover Yeah, it is an old story. Actually, initially, they wanted to fine him a lot more than $125K since he had exercised and sold a whole pile of options that year. Eventually, he was able to convince the Finnish court that his fine should be based on his salary and cash bonus only.
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