SoftBank’s Nikesh Arora Receives A Pay Package Of $73M For 2016

President and COO of SoftBank Group, Nikesh Arora received a pay package of $73 million during the company’s latest fiscal year, which makes him one of the top paid executives in the world for the second year in a row. [source]

According to a proxy issued by the company, the compensation includes 1.56 billion yen paid by other SoftBank units.

Arora who earlier worked with Google, joined SoftBank in September 2014, as its vice-chairman and CEO of SB Group US and in May 2015, he was promoted and given the ‘president’ title. SoftBank founder & CEO Masayoshi Son also hinted that Arora might be his successor.

Since Arora’s joining, the Tokyo-based company’s shares have fallen by 3.7% in Tokyo trading.

Earlier, a group of SoftBank investors had asked for a probe into Nikesh Arora for alleged conflict of interest and poor performance.