• Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Dividend Stocks Report
No Result
View All Result
Home Stock News

Softbank COO Marcelo Claure, right-hand man to Masa Son, is leaving the company, sources say

by
January 27, 2022
in Stock News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

New York identifies ‘disadvantaged communities’ that will receive extra climate funding

Goldman Sachs picks the winners and losers in regional banks after the SVB collapse

ChatGPT and A.I. might have a future as your portfolio manager, study suggests

Elon Musk, tech leaders urge pause on ‘dangerous race’ to make A.I. as advanced as humans

In this article

SOBKY

Marcelo Claure, Chairman of WeWork, Inc., speaks during an interview at WeWork’s IPO on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 21, 2021.
Brendan McDermid | Reuters

SoftBank Chief Operating Officer Marcelo Claure is preparing to resign from the Japanese technology conglomerate, perhaps as soon as Thursday, according to people familiar with the matter.

Claure has been in discussions to leave SoftBank for several months, said the people, who asked not to be named because the negotiations are private. Claure may be looking to run his own investment firm, one of the people said.

Claure joined SoftBank in 2013 after selling a majority stake of wireless provider Brightstar to the company for $1.26 billion. He later became CEO of the SoftBank majority-owned Sprint, which successfully merged with T-Mobile in April 2020.

When Claure stepped down as Sprint chief in 2018, he took on additional roles at SoftBank, including COO at SoftBank Group and CEO at SoftBank Group International. Chairman and CEO Masayoshi Son chose him to revamp WeWork in October 2019 after Son helped push out founder Adam Neumann from running the company.

The New York Times reported Claure wanted $2 billion in compensation from SoftBank for turning around WeWork, which went public via a special purpose acquisition vehicle in October, and successfully putting Sprint together with T-Mobile. Bloomberg reported earlier Thursday that Claure is stepping down due to compensation disagreements with Son.

This isn’t the first time a close advisor to Son has abruptly departed the company. Nikesh Arora, who arrived at SoftBank to eventually succeed Son, left in 2016 when Son decided he wasn’t ready to step down. Alok Sama, another top Son lieutenant, left the company in 2019.

WATCH: Marcelo Claure to step down as SoftBank COO

Next Post

The fund that made $700 million on GameStop knew it was time to sell after an Elon Musk tweet

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Stock News

New York identifies ‘disadvantaged communities’ that will receive extra climate funding

by
March 29, 2023
0

People walk through the Brooklyn Bridge during a strike for climate on March 03, 2023 in New York City. Protesters...

Read more

New York identifies ‘disadvantaged communities’ that will receive extra climate funding

ChatGPT and A.I. might have a future as your portfolio manager, study suggests

Goldman Sachs picks the winners and losers in regional banks after the SVB collapse

Elon Musk, tech leaders urge pause on ‘dangerous race’ to make A.I. as advanced as humans

We’re halfway to a tipping point for the Greenland Ice Sheet after which sea levels rise by 6 feet

House lawmakers tear into top bank regulators in second hearing this week on SVB collapse

Load More

All rights reserved by www.dividendstocksreport.net

  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.