Skip to content
Subscriber Only

Unwilling to Wait for Son, Arora Quits SoftBank With No Plan

  • Arora to continue relationship with Son despite disappointment
  • Preparations for annual meeting prompted handover discussion
Bloomberg business news

SoftBank Shakeup: Nikesh Arora Steps Down

Updated on

The decision by Nikesh Arora to leave SoftBank Group Corp. began last month during a conversation with founder Masayoshi Son. The two men were in California, preparing for the company’s annual general meeting that took place today. One of the presentation slides showed Son’s long-term plan to hand over control to his successor.

Although it had never been made public to shareholders or employees, Arora and Son had discussed the chief executive officer giving up his post at 60, a birthday only 15 months away in August of next year. With the date fast approaching, 48-year-old Arora saw the slide and asked for clarity on what would happen.