SoftBank’s former COO secures $94m severance compensation

SoftBank Group’s former COO Marcelo Claure has secured severance and incentives worth an estimated $94m as part of his compensation from the tech investment giant.

Claure’s departure put an end to a tumultuous tenure capped by a clash over compensation with founder Masayoshi Son. Claure had sought more authority and as much as $1bn in compensation in recognition of his work. Claure also accumulated 7-million shares in T-Mobile US , which acquired Sprint, a stake now worth about $957m . The former COO owed $515m at the end of March on a loan SoftBank provided him to purchase 5-million T-Mobile shares in 2020, Friday’s filing said. The loan balance is due in 2024.

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