If I was on a sinking ship that suddenly began to rise when a new captain took the helm, I would consider the captain to be doing a pretty decent job.

First sentence of the article:

"...Chief Executive Officer Stephen Elop, who has presided over a 62 percent decline in market value..."

See my other comment in this subthread: it rose a bit, then sunk a whole lot. That it's up from its nadir $1.71 a bit more than a year ago is cold comfort when it was doing around $9 3 years ago summer through spring 2011.

Nokia is like a ship with a hole in it, and Elop's job is to get it pointed in the right direction.

Except he hasn't. He's just bailed water a little faster, and slightly reduced the sink rate.

I give them credit for doing something daring and different (betting on Windows when they knew noone else would). It was a big gamble, though, and at least so far, it hasn't paid off. Android would have been a far safer bet in the short-term at the very least.