SoftBank Vision Fund head's pay doubled last year despite massive losses

  • 📰 Reuters
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

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.

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

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.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Oops! That's real PayPay!

Raise your hand if you ever had a really bad performance review so your boss doubled your pay. How about if you got a really good performance review? Really, no one?

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:

 /  🏆 2. in US

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.

Jumio BrandVoice: YOU Are The First Line Of Your Own Defense For Fraud PreventionWith a record number of massive data breaches last year, personal information is readily available for mere pennies on the dark web. jumio Domestic terrorism or not? Time to pull all of this officers previous arrests.
Source: Forbes - 🏆 394. / 53 Read more »

Bill Ackman dumps Berkshire, adds to other holdings with hedge fund up more than 20% this yearFor subscribers: Bill Ackman dumps Berkshire, adds to other holdings with hedge fund up more than 20% this year Check out CNBCPro for a free trial. Pro Bill Ackman certainly cannot stand Buffett Defensive stance. Pro who would not dump Berkshire..... buy all airlines at the top....buy some more delta days in...sell everything at the bottom lol...... Pro Crybaby Ackman!!!
Source: CNBC - 🏆 12. / 72 Read more »

Husband Says His Pregnant Wife Refuses To Stop Drinking & He Doesn't Know What To DoA husband is at a loss because his expectant wife just won't stop drinking despite his concerns over the impact it could have on their baby.
Source: CafeMom - 🏆 701. / 51 Read more »

AbCellera Raises $105 Million To Boost Drug Discovery Against Coronavirus And Other DiseasesAbCellera, the biotech company partnering with major pharmaceutical players like Lilly on Covid-19 drug development, has raised $105 million in funding to ramp up by TheAlexKnapp
Source: Forbes - 🏆 394. / 53 Read more »

TV Ratings: CBS' 'Game On' Leads a Low-Scoring NightCBS' sports-themed game show GameOn drew the biggest primetime audience on the broadcast networks Wednesday night
Source: THR - 🏆 411. / 53 Read more »

White House bids for 'surprise' billing fix ahead of next rescue packageThe White House is renewing a push to end “surprise” medical bills — possibly as part of the next coronavirus rescue package — in a bid to deliver on protecting insured patients from sometimes staggering costs of emergency or out-of-network care What about the uninsured? That's my President! IAmSophiaNelson About time! Where is HR3? GOP senategop
Source: politico - 🏆 381. / 59 Read more »