Softbank said in a regulatory filing on Friday that the total compensation for the fiscal year ended March was 1.61 billion yen (15 15 million), Softbank said in a regulatory filing on Friday. The vast majority of these packages, about 1.42 billion yen (.2 13.2 million), were base salaries, with the rest referred to as “other” compensation.
Meanwhile, Vision Fund has suffered an operating loss of 1.9 trillion yen (.7 17.7 billion) for the period. Softbank, plagued by business missteps and the coronavirus epidemic, had to write down the valuations of 47 companies in the fund, including startups such as WeWork and Owe.
Dan Baker, an analyst at research firm Morningstar, said Misra’s compensation package was “superior” and that it was “difficult to see how it could be based on performance”.
Softbank founder Masayoshi Sun said in an earnings presentation earlier this month that he expects about 15 of Vision Fund’s seven portfolio companies to go bankrupt.
The son earned 209 million yen ($ 1.9 million), a 9% reduction over the previous year. About 40% of this was provided in stock options.