FILE PHOTO: Rajeev Misra CEO, SoftBank Investment Advisers speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, California, U.S., April 29, 2019. REUTERS/Mike Blake
TOKYO (Reuters) – SoftBank Vision Fund’s head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund’s underperformance pushed SoftBank to a record operating loss of some $13 billion.
The 1.6 billion yen 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 2.1 billion yen.
While offering big pay packets to foreign executives, compensation for CEO Masayoshi Son was 209 million yen, a 9% decline compared to a year earlier.
SoftBank’s massive annual operating loss was largely due an $18 billion shortfall at the Saudi-backed Vision Fund which has seen investments in…
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