Softbank’s Son Gives $83 Million Payday to Recruit Top Talent
- Chief Strategy Officer Katsunori Sago earned 982 million yen
- Son’s salary rose 67% to 229 million yen last fiscal year
Masayoshi Son
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Masayoshi Son is making top executives at SoftBank Group Corp. some of the highest-paid in Japan as he recruits talent to his growing investment empire.
While Son’s own salary remains modest by global standards, his company paid a total of 9.1 billion yen ($83 million) in compensation to six lieutenants, according documents released Wednesday for a shareholder meeting June 19. In the latest example, former Goldman Sachs Group Inc. executive Katsunori Sago, 51, earned 982 million yen after becoming executive vice president and chief strategy officer in June 2018. The CEO of Nomura Holdings Inc., Japan’s biggest brokerage, made 405 million yen in the year ended March 2018.