SoftBank Executives’ Pay Slashed After Historic Vision Fund Loss
- Founder Masayoshi Son compensation unchanged at $785,000
- Son’s longtime lieutenants took significant pay cuts
Masayoshi Son
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
SoftBank Group Corp.’s top executives saw steep cuts in their paychecks as the Japanese conglomerate marked a historic loss for its Vision Fund unit.
The company’s founder and Chief Executive Officer Masayoshi Son kept his pay unchanged at 100 million yen (roughly $785,000), however some of his top executives whose compensation was made public through a company filing on Monday saw big drops following a record $20.5 billion loss.