Marcelo Claure, the highest deputy of SoftBank founder Masayoshi Son, will step down as chief executive officer following a dispute over about $2 billion in compensation.
SoftBank, a Japanese conglomerate that has made huge investments in startups including WeWork and Uber, is expected to make an official announcement in the coming days about the resignation of Mr. joined SoftBank in 2017 after running telecommunications company Sprint, according to two people familiar with the negotiations.
Michel Combes, the former chief executive of media company Altice and now chairman of SoftBank Group International, will take over Mr. Claure’s duties in running SoftBank’s international operations, according to one person who spoke with the condition. anonymous because the information has not been made public.
Mr. Claure’s impending departure was previously reported by CNBC.
Within a few years, Mr. Claure had become Son’s confidant and played a unique role at SoftBank, regularly untangling messy investments, scouting lucrative opportunities and attracting innovators. start a business.
Disagreement over his compensation for the years to come has surfaced in recent months, New York Times reported in December. Mr. Claure privately told people inside and outside the company that he deserves a big day’s pay for various cleaning jobs, including a straight draw on SoftBank’s investment in We workthe office leasing giant went public in October, as well as the future value he could bring to SoftBank.
It’s unclear what Mr Claure’s exit package will look like.
Mr. Son and other SoftBank executives did not accept Mr. Claure’s claim, fearing it would displease investors in Japan, where such large outlays have been made. Mr. Claure is already one of the highest-paid executives in Japan, earning $17 million in 2020.
https://www.nytimes.com/2022/01/27/business/marcelo-claure-softbank.html Marcelo Claure is said to be leaving SoftBank