Simon Segars, who heads the company’s chip unit Arm Ltd., topped the list with a 1.88 billion yen paycheck in the year ended March 31, SoftBank said in a statement on Thursday. Chief Operating Officer Marcelo Claure, the highest-paid executive the previous year, was second with 1.8 billion yen. Founder Masayoshi Son saw his pay halved to 100 million yen.
In the past year, SoftBank went from reporting its widest-ever loss because of missteps like WeWork to setting a new profit record as other investments paid off. The company reported almost 5 trillion yen in net income last fiscal year, most of which came from a string of successful public listings by portfolio companies in its Vision Fund including Coupang Inc. and DoorDash Inc. SoftBank’s stock more than doubled in the period, thanks to an unprecedented 2.
Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., left, and Simon Segars, chief executive officer of ARM Holdings Plc, shake hands at SoftBank World 2017 event in Tokyo, Japan, on Thursday, July 20, 2017. SoftBank World will run through July 21.