Misra earned 1.61 billion yen ($ 15 million) in total compensation for the fiscal year ending in March, more than double her salary a year earlier, SoftBank said in filing a regulation on Friday. Most of the packages, nearly 1.42 billion yen ($ 13.2 million), are the principal payments, with the rest recorded as “other” compensation.
Meanwhile, the Vision Fund suffered an operating loss of 1.9 trillion yen ($ 17.7 billion) for the period. Grappling with business missteps and the impact of the coronavirus pandemic, SoftBank had to write down 47 company evaluations in the fund, including startups such as WeWork and Oyo.
Misra’s compensation package is “high,” and “it’s hard to see how it can be based on performance,” said Dan Baker, an analyst with research company Morningstar. SoftBank did not immediately respond to requests for comment.
SoftBank founder Masayoshi Son said at an earnings presentation earlier this month that he estimated that around 15 of the 88 Vision Fund portfolio companies went bankrupt.
Son earned 209 million yen ($ 1.9 million), a 9% salary discount compared to the previous year. About 40% of that is paid in stock options.
