SoftBank Group, a Japanese investment firm, announced Friday that its chief operating officer Marcelo Claure is stepping down, following rumors that his demands for up to $1 billion in pay had sparked an internal feud. Claure, 51, a US-Bolivian businessman, "made significant contributions to SoftBank" during his nine years at the company, according to Masayoshi Son, the company's creator.
Not for the first time, SoftBank is having a terrible, horrible, no good, very bad week. Indeed, even while the Japanese conglomerate is known for its extremes — be it bold bets, internal squabbles, soured business relationships, or its ability to repeatedly bounce back from the brink — some newer developments could prove particularly hard, […]