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SoftBank Investors Call for Internal Probe of No. 2 Arora

  • Shareholders sent letters to board of SoftBank, Sprint unit
  • SoftBank says Arora has done nothing wrong, no new information
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SoftBank Investors Call for Arora to Quit

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A group of investors in SoftBank Group Corp. has called on the board to investigate and possibly dismiss Nikesh Arora, the company’s second in command, in a sharply critical, 11-page letter that questioned his track record and qualifications as president and heir apparent to billionaire founder Masayoshi Son.

The request came in a letter to SoftBank’s board dated Jan. 20 from the American law firm Boies Schiller & Flexner and signed by Matthew Schwartz, a partner at the elite New York firm, without identifying the shareholders or how much stock they own.