[ad_1]
Marcelo Claure, a senior aide to SoftBank founder Masayoshi Son, will step down from his role as COO after a dispute over $2 billion in possible compensation.
SoftBank, a Japanese conglomerate that has invested heavily in startups including WeWork and Uber, is expected to make an official announcement in the coming days about the resignation of Mr. According to two people familiar with negotiations.
Michel Combes, former CEO of communications firm Altice, who currently serves as chairman of SoftBank Group International, spoke on condition of anonymity, according to one of the people who will take over Mr. was not made public.
Mr. Claure’s impending departure was previously reported by CNBC.
In just a few years, Mr. Claure became a close confidant of Mr. Son and played a singular role at SoftBank, often unraveling mixed investments, searching for lucrative opportunities and attracting start-up founders.
The dispute over the compensation he will receive in the coming years has emerged in recent months. The New York Times reported in December. Mr. Claure said privately to people inside and outside the company that SoftBank deserves a big payday for a variety of cleaning jobs, including fixing his investment. We are workingThe office space rental giant that went public in October and the future value it could bring to SoftBank.
It was unclear what Mr. Claure’s exit package would be.
Mr. Son and other SoftBank executives opposed Mr. Claure’s compensation claim, fearing that such large payments would upset investors in Japan, where they were not welcome. Mr. Claure was already one of Japan’s highest paid executives, earning $17 million in 2020.
[ad_2]
Source link