Marcelo Claure Is Mentioned to Be Leaving SoftBank
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Marcelo Claure Is Mentioned to Be Leaving SoftBank


Marcelo Claure, a high deputy to SoftBank’s founder, Masayoshi Son, will step down as chief working officer following a dispute over roughly $2 billion in attainable compensation.

SoftBank, a Japanese conglomerate that has made large investments in start-ups together with WeWork and Uber, is predicted to make an official announcement within the coming days concerning the resignation of Mr. Claure, who joined SoftBank in 2017 after operating the telecom firm Dash, in keeping with two folks acquainted with the negotiations.

Michel Combes, the previous chief government of the communications firm Altice who presently serves as president of SoftBank Group Worldwide, will assume Mr. Claure’s duties operating SoftBank’s worldwide operations, in keeping with one of many folks, who spoke on the situation of anonymity as a result of the data had not been made public.

Mr. Claure’s impending departure was reported earlier by CNBC.

In only a few years, Mr. Claure grew to become a detailed confidant of Mr. Son and performed a singular position at SoftBank, continuously untangling messy investments, scouting out profitable alternatives and wooing start-up founders.

The disagreement about his compensation over coming years had unfolded in current months, The New York Instances reported in December. Mr. Claure privately instructed folks inside and out of doors the corporate that he deserved an enormous payday for numerous cleanup jobs, together with straightening out SoftBank’s funding in WeWork, the office-space leasing large that went public in October, in addition to the longer term worth he may deliver to SoftBank.

It was unclear what Mr. Claure’s exit bundle could be.

Mr. Son and different SoftBank executives had balked at Mr. Claure’s compensation request, fearing it will upset buyers in Japan, the place such large payouts are frowned upon. Mr. Claure was already one of many highest paid executives in Japan, making $17 million in 2020.

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