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Vision Funds boss: loss maximized, salary doubled

Posted by Otto Knotzer on May 30, 2020 - 12:34pm

Vision Funds boss: loss maximized, salary doubled

Vision Funds boss: loss maximized, salary doubled

Softbank Corp: Price trend on the Tradegate exchange for the period of 1 year

course

11.50

Difference relative

-0.87%

The head of the Vision Fund of the Japanese technology investor Softbank, Rajeev Misra, made more than double in the past financial year despite a record loss. His payment has risen to $ 15 million, according to a statement from Softbank. Due to billions of euros in write-downs on the Vision Fund's stake in the ailing office agency WeWork and the Uber car service, Softbank made an operating loss of almost EUR 12.1 billion in the 2019/20 financial year.