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SoftBank

SoftBank CEO's approval rating rises despite historic loss

Son wins 96% shareholder votes, indicating tight grip on tech conglomerate

SoftBank Group CEO Masayoshi Son made clear that he had no intention of leaving the company anytime soon during last week’s shareholder meeting.

TOKYO -- SoftBank Group Chairman and CEO Masayoshi Son won an approval rating of 95.99% at a shareholder meeting last week, highlighting his tight grip over the Japanese technology conglomerate despite presiding over a historic loss.

A resolution to appoint Son and 12 other directors to the SoftBank board was approved on June 25, the details of which were disclosed in a filing on Monday. Son's approval rating was higher than last year's 92.85%.

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