Misra earned 1.61 billion yen ($ 15 million) in total compensation for the fiscal year ending March, more than double its salary a year earlier, said SoftBank on Friday in a regulatory filing. The overwhelming majority of that package, nearly 1.42 billion yen ($ 13.2 million), was base wages, the rest being referred to as “other” compensation.
Meanwhile, the Vision Fund suffered operating losses of 1.9 trillion yen ($ 17.7 billion) over the period. Struggling with the missteps of the business and the fallout from the coronavirus pandemic, SoftBank had to write down the ratings of 47 fund companies, including startups such as WeWork and Oyo.
Misra’s compensation package is “high” and “difficult to understand how it can be based on performance,” said Dan Baker, an analyst with research firm Morningstar. SoftBank did not immediately respond to a request for comment.
SoftBank founder Masayoshi Son said at a earnings presentation earlier this month that he expects about 15 of the 88 companies in the Vision Fund portfolio to go bankrupt.
Son earned 209 million yen ($ 1.9 million), a 9% cut from the previous year. About 40% was paid in stock options.