Pavel Alpeyev, Bloomberg News Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., left, and Simon Segars, chief executive officer of ARM Holdings Plc, shake hands at SoftBank World 2017 event in Tokyo, Japan, on Thursday, July 20, 2017. SoftBank World will run through July 21. , Bloomberg
(Bloomberg) SoftBank Group Corp. once again demonstrated its willingness to pay the highest compensation in Japan, with eight top executives making more than $64 million in total last year after the company reported record profits.
Simon Segars, who heads the companyâs chip unit Arm Ltd., topped the list with a 1.88 billion yen ($17 million) paycheck in the year ended March 31, SoftBank said in a statement on Thursday. Chief Operating Officer Marcelo Claure, the highest-paid executive the previous year, was second with 1.8 billion yen. Founder Masayoshi Son saw his pay halved to 100 million yen.
SoftBank Vision Fund head s pay fell 42per cent last year Toggle share menu
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SoftBank Vision Fund head s pay fell 42per cent last year SoftBank Vision Fund s head, Rajeev Misra, saw his total remuneration for the past business year fall 42per cent to 931 million yen (US$8.5 million) including basic pay and other remuneration, a SoftBank Group Corp filing showed.
FILE PHOTO: SoftBank s logo is pictured at a news conference in Tokyo, Japan, Feb. 4, 2021. REUTERS/Kim Kyung-Hoon
27 May 2021 08:56AM Share this content
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TOKYO: SoftBank Vision Fund s head, Rajeev Misra, saw his total remuneration for the past business year fall 42per cent to 931 million yen (US$8.5 million) including basic pay and other remuneration, a SoftBank Group Corp filing showed.
May 27, 2021
SoftBank Group Corp. once again demonstrated its willingness to pay the highest compensation in Japan, with eight top executives making more than ¥6.98 billion ($64 million) in total last year after the company reported record profits.
Simon Segars, who heads the company’s chip unit Arm Ltd., topped the list with a ¥1.88 billion ($17 million) paycheck in the year ended March 31, SoftBank said in a statement on Thursday. Chief Operating Officer Marcelo Claure, the highest-paid executive the previous year, was second with ¥1.8 billion. Founder Masayoshi Son saw his pay halved to ¥100 million.
In the past year, SoftBank went from reporting its widest-ever loss because of missteps like WeWork to setting a new profit record as other investments paid off. The company reported almost ¥5 trillion in net income last fiscal year, most of which came from a string of successful public listings by portfolio companies in its Vision Fund including Coupang Inc. and Do
Read more about SoftBank Group chief executive Masayoshi Son s pay fell by half last year on Business Standard. The disclosure ahead of SoftBank s annual general meeting on June 23 follows a turbulent year which saw the group pounded by the Covid-19 pandemic before rebounding to record profit
By Syndicated Content
By Sam Nussey
TOKYO (Reuters) â SoftBank Vision Fundâs head, Rajeev Misra, saw his disclosed remuneration for the past business year fall 42% to 931 million yen ($8.5 million) including basic pay, a SoftBank Group Corp filing showed on Thursday.
Chief Operating Officer Marcelo Claureâs remuneration fell 15% to roughly 1.8 billion yen over the same period. The package includes the cost of his relocation to the United States.
The filing does not reveal the full remuneration of the two executives as they left SoftBankâs board in November as part of a shake-up of the conglomerateâs corporate governance, with their pay after that point not disclosed.