SoftBank’s Tab for Arora’s Two-Year Tenure Totals $300 Million
- Nikesh Arora served as president before resigning in June
- Arora was among world’s top-paid executives while at SoftBank
Nikesh Arora.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
The tally for Nikesh Arora’s two-year tenure at SoftBank Group Corp. is becoming clearer: 31.5 billion yen ($300 million) in compensation and related expenses.
The Japanese tech company booked 6.8 billion yen in expenses arising from Arora’s resignation last month, SoftBank said in a statement on Thursday. That’s on top of 24.6 billion yen he received in compensation over the previous two fiscal years. In addition, the company bought back 10.7 billion yen of its own shares from Arora, who served as SoftBank’s president and wasn’t its top executive.