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Pay rise for Softbank Vision Fund CEO despite staggering losses

Reuters
Reuters5/29/2020 12:03 PM GMT+08  • 2 min read
Pay rise for Softbank Vision Fund CEO despite staggering losses
Rajeev Misra's renumeration for the past business year more than doubles despite US$13 billion worth of losses.
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(May 29): SoftBank Vision Fund’s head, Rajeev Misra, saw his total pay for the past business year more than double to roughly US$15 million ($21.2 million), even as the fund’s underperformance pushed SoftBank to a record operating loss of some $13 billion.

The JPY1.6 billion ($21 million) amount includes basic pay and other compensation, a group filing showed.

The figure was second only to renumeration for SoftBank Group Corp (9984.T) Chief Operating Officer Marcelo Claure, which rose 17% to JPY2.1 billion.

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