Souring bets across its portfolio have left SoftBank selling down prime assets and holding back from making new investments. Hoshino is expected to bolster the investment team at a time when CEO Masayoshi Son has received criticism for his top-down investing approach.
Ex-hedge fund manager Hoshino is the second SoftBank hire from a group at Japan Post Bank that was known as the “Seven Samurai” and tried a more aggressive investing strategy that has since been rolled back. The other is Katsunori Sago, also a Goldman alumnus, who became SoftBank’s chief strategy officer in 2018 and is seen as a possible successor to CEO Son.
Hoshino is faced with an increasingly beleaguered portfolio, with satellite operator OneWeb, which embodied Son’s vision of a connected world, filing for Chapter 11 bankruptcy after failing to raise further funds. Shared-office operator WeWork is also facing growing pressure on its business model as workers stay home due to the coronavirus outbreak, and SoftBank is looking at walking away from a tender offer to employees and shareholders following its bailout of the firm.
linepipe 星野仙一か思った…又、どうせ詐欺紛いな事を考えついたのでしょうね
Cool. I hope they learn to adapt to the con they just allowed in.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thousands Of New Jobs Are Being Created In Response To The CoronavirusLinkedIn took a deep dive into determining which sectors are aggressively hiring. EarthTopNews As soon as this thing is over so will the jobs We'll pursue all those jobs like never before.. TLDR unless you work in the health industry, tech, online retail, and grocery store you’re SCREWED
Source: Forbes - 🏆 394. / 53 Read more »
Goldman on how the 'largest economic shock of our lifetimes' will permanently alter energy marketsThe coronavirus pandemic will likely be a 'game-changer' for energy markets, according to analysts at Goldman Sachs. Like Forest Gump When people are afraid, Buy cheaper stocks. Australia stocks + 7%up United States is strong Will resurrect as soon as the infection is over wow Goldman brought us junk mortgage backed bonds...leading to the world financial collapse in 2008. Kenneth Feinberg has watched on as the tax deducible repayments have been made....Goldman now see themselves as once again financial Gods. Grotesque.
Source: CNBC - 🏆 12. / 72 Read more »
NFL team owners vote to expand playoffs by two teamsNFL team owners vote to expand the playoffs by one team in each conference for next season. Exciting news! I'm looking forward to the Lions still not being in playoff contention. Everyone gets a Trophy. 'next season'? They think there's going to be a 'next season'....
Source: ABC - 🏆 471. / 51 Read more »
Goldman Sachs’ 40 Top High Yield Dividend Stocks For The Coronavirus EconomyAs the coronavirus outbreak continues to take its toll on global markets, many cash-strapped companies are cutting dividends to conserve cash during the crisis by theothersarahh theothersarahh It is a Chinese Virus
Source: Forbes - 🏆 394. / 53 Read more »
Economic outlook: Goldman revises Q2 GDP lower with unemployment jump - Business Insider'Sky-high jobless claims numbers' and the $2 trillion stimulus bill contribute to Goldman's call for 'a deeper trough' and 'a bigger rebound.'
Source: BusinessInsider - 🏆 729. / 51 Read more »