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SoftBank Pays Ex-COO $94 Million in Severance, Incentives

  • Former COO had left after seeking as much as $1 billion in pay
  • SoftBank has seen a string of high-profile departures
Marcelo Claure
Marcelo ClaurePhotographer: Eva Marie Uzcategui/Bloomberg
Updated on

SoftBank Group Corp.’s former Chief Operating Officer Marcelo Claure has secured severance and incentives worth an estimated $94 million as part of his compensation from the tech investment giant.

Claure departed SoftBank in January with severance totaling 4.6 billion yen ($34 million), the company said in a filing on Friday. His compensation also includes another 8.1 billion yen -- the estimated value as of March of the executive portion in an incentive program. Claure has a claim to 30% of the employee incentive award pool for the Vision Fund’s Latin America fund, that could run through 2029.