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Stephen Elop’s $25-million (U.S.) golden parachute is hard to defend. Nokia Corp.’s outgoing boss stands to earn this in the $7.2-billion sale of the group’s handset business to Microsoft, his old employer. That has unnerved egalitarian Finland, which is already sore about the decline of a national champion. Sloppy communication hasn’t helped. But what’s most awkward is that Mr. Elop has it both ways: he collects a payoff usually meant to compensate bosses for being fired or sidelined, while also taking a major role at Microsoft.