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SoftBank executive pay slashed after historic Vision Fund loss

japan times
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SoftBank Group Corp.’s top executives have seen steep cuts in their paychecks after the conglomerate marked a historic loss for its Vision Fund unit.

The company’s founder and CEO Masayoshi Son kept his pay unchanged at ¥100 million (roughly $785,000). However, four of the top six executives whose salary was made public through a company filing on Monday saw their compensation drop following a record $20.5 billion (¥2.6 trillion) loss.

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