Softbank losses of billions, yet this Indian CEO got double salary, know full details

Softbank losses of billions, yet this Indian CEO got double salary, know full details

Business

Softbank based paid its Vision Fund CEO Rajiv Mishra double last year despite losses of billions. Most analysts take the company’s move as shocking. Originally technology firm SoftBank invests through its Dream Fund in different businesses.It has invested in many businesses including Alibaba, Ola, Uber, Snapdeal, Paytm, Oyo, InMobi and others. Softbank paid Mishra a gross compensation of $15 million (about Rs 113 crore) in 2019-20 FY, according to the regulatory filings. It is more than double the amount it was a year before.

In such a scenario the company gave Mishra this compensation because last year the Vision Fund incurred a massive loss of $18 billion (about Rs 1.35 lakh crore). The consequence of the vision fund’s failure is that the Softbank Company has incurred an operational failure of $13 billion (about Rs 97 thousand crore) in total.Experts are taken aback by the change by the organization. Analyst Dan Baker says Mishra ‘s pay is too small, considering the company ‘s results.

It is difficult to comprehend the pay is dependent on success in any way. Mishra is the second highest paid employee in SoftBank. His higher salary is only that of COO Marcelo Cler. The company paid him a salary of $ 20 million (about Rs 150 crore) last year, with an increase of 17 percent. It is also surprising that SoftBank founder and CEO Masayoshi Son took a salary of only 19 million dollars (about 14 million rupees) as the salary, with a deduction of nine percent last year.

Jason Amato

Jason had joined DailyHover.com since 2015. Along with being the chief editor of the company, he scripts an exclusive series of news reports. It is like, writing truthful and non-biased news has become an integral part of his life. The publishing relies on Jason, who offers transparency to news reporting and journalism ethics. He has a decade long taste of media industry and reporting. Those aspects assist Jason’s expertise in writing new from Business and Health sectors. The titles include reports related to companies like Tesla, Uber, Amazon, Apple, Samsung, Alibaba etc. He has also focused on the latest happenings, discoveries, and studies taking place in the health sector. You can get him in touch with at

Leave a Reply

Your email address will not be published. Required fields are marked *