SoftBank Group Corp Chief Executive Masayoshi Son, under pressure from hedge fun...
NEW YORK - SoftBank Group Corp Chief Executive Masayoshi Son, under pressure from hedge fund Elliott Management to rein in his mercurial investment style, turned on the charm in a meeting with U.S. investors on Monday, but offered few concrete concessions.
Son, who built SoftBank into a technology investment powerhouse, is now having to defend his track record after several of its expensive bets on startups, including office space-sharing firm WeWork, soured. Son pointed to SoftBank’s stock trading at a big discount to the value of its assets as an opportunity for investors to buy in.
The WeWork investment was made out of SoftBank’s $100 billion Vision Fund, which has also invested in or acquired the likes of Uber Technologies, British chip technology firm Arm Holdings and U.S. wireless carrier Sprint Corp.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Elon Musk, Twitter Employees Go On Twitter To Support Jack Dorsey During CEO BattleA billionaire investor may want Jack Dorsey out from Twitter. But some of Dorsey's employees—and another high-profile tech billionaire—don't seem to share that sentiment.
Baca lebih lajut »
United Airlines CEO says it 'likely' it will need to cut additional flightsUnited Airlines Chief Executive Oscar Munoz told employees the U.S. airline woul...
Baca lebih lajut »
Jack Dorsey, Twitter's Eccentric CEO, Could Be Looking For A Job SoonTwitter's CEO Jack Dorsey is at risk of losing his job after a powerful investor is pushing for change. It thinks Dorsey, who is also CEO of another company, is not focused enough on Twitter.
Baca lebih lajut »
U.S. Open prize money unlikely to soar says USGA CEO DavisThis year's U.S. Open purse is unlikely to jump dramatically from last year...
Baca lebih lajut »
Nokia appoints Fortum CEO Lundmark to replace Suri from September 1Nokia Chief Executive Rajeev Suri will step down in September and is to be repla...
Baca lebih lajut »
How Disney's Bob Iger went from underrated CEO to Hollywood royaltyWhen Bob Iger replaced Michael Eisner as CEO of Disney, many considered him a lightweight who lacked the creative chops. How did he transform from low-key, under-rated CEO to one of America's most successful CEOs?
Baca lebih lajut »