SoftBank Group’s top executives have seen steep cuts to their paychecks after the conglomerate marked a historic loss for its Vision Fund unit.
The company’s founder and CEO Masayoshi Son kept his pay unchanged at ¥100 million (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.
Chief Financial Officer Yoshimitsu Goto made ¥293 million, down almost 40% from the previous year, while Ken Miyauchi, chief of SoftBank’s domestic telecom operation, made ¥539 million, down 15%. Both long-serving lieutenants have helped lead SoftBank’s multiple reinventions, from broadband provider to telecom operator to the world’s biggest tech investor.