Nokia brings joy to small village.
A true happy story, cited in the Swedish newspaper Aftonbladet, 19/11 1999:
"FINNISH VILLAGE INHERITED 0,25 BILLION
HELSINKI. In one night every inhabitant in the little municipality of Pukkila in southwest of Finland became almost 100.000 FIM richer. Nokia does not only make their directors and outside professional investors richer. Now a whole village has become wealthy.
When the former inhabitant of Pukkila, Onni Nurmi, about 40 years ago wrote his will, nobody could imagine what a fortune he gave the municipality where he came from.
In his will he donated his Nokia stocks to the municipality. And yesterday everyone toasted in
champagne for him.
- We do not know yet what we shall do with all the money. We have to think it over, said a very happy municipal director, Juha Myyrylainen. The Nokia shares were never to be sold, according to the will, but the dividend was to be used for the services for the old people of the municipality.
Have gained enormously in value.
Especially the latest years the shares have gained so enormously in value that they today are worth 172,5 million Finnish mark (about 30 million USD). As Pukkila, like so many other
municipalities, are in economic difficulties, the municipality started to more and more to look at the shares. On Thursday, finally, came the pleasant answer from the High Court of Administration: Pukkila is permitted realize the profits from the shares. For the money that the shares are worth, Pukkila is able to run the operating costs of the municipality for 10 years. "
A picture of the donator of Nokia shares can be seen at
on.to
Joar |
