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SoftBank Group's top executives pay slashed after historic Vision Fund loss

SoftBank Group's founder and Chief Executive Officer Masayoshi Son kept his pay unchanged at 100 million yen (roughly $785,000)

SoftBank Group’s founder and Chief Executive Officer Masayoshi Son. (Photo: Bloomberg)
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SoftBank Group’s founder and Chief Executive Officer Masayoshi Son. (Photo: Bloomberg)

Min Jeong Lee and Takahiko Hyuga | Bloomberg
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 four of the top six executives whose salary was made public through a company filing on Monday saw their compensation drop following a record $20.5 billion loss.

Simon Segars, who stepped down as the head of the company’s chip unit Arm Ltd. in February, earned 1.15 billion yen, SoftBank said. That was down almost

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First Published: May 30 2022 | 7:09 AM IST

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